Leases (Tables)

3 Months Ended

Mar. 27, 2022

Leases [Abstract]

Schedule of Information Related to Leases

Information related to the Company’s leases for the quarters ended March 27, 2022 and March 28, 2021 are as follows:

	Quarter Ended
	March 27, 2022			March 28, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13.4		$	13.2
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	9.1		$	7.3
Weighted Average Remaining Lease Term
Operating leases	5.4 years			5.9 years
Weighted Average Discount Rate
Operating leases	2.9		%	3.1		%

Reconciliation of Future Undiscounted Cash Flows

The following is a reconciliation of future undiscounted cash flows to the operating liabilities, and the related right of use assets, included in our Consolidated Balance Sheets as of March 27, 2022:

	March 27, 2022
2022 (excluding the three months ended March 27, 2022)	$	38.5
2023	44.3
2024	31.9
2025	26.1
2026	20.3
2027 and thereafter	33.4
Total future lease payments	194.5
Less imputed interest	21.2
Present value of future operating lease payments	173.3
Less current portion of operating lease liabilities (1)	45.0
Non-current operating lease liability (2)	128.3
Operating lease right-of-use assets, net (3)	$	156.7

(1) Included in Accrued liabilities on the consolidated balance sheets.

(2) Included in Other liabilities on the consolidated balance sheets.

(3) Included in Property, plant, and equipment on the consolidated balance sheets.