Leases (Tables)

6 Months Ended

Jun. 26, 2022

Leases [Abstract]

Schedule of Information Related to Leases

Information related to the Company’s leases for the quarters ended June 26, 2022 and June 27, 2021 is as follows:

	Quarter Ended						Six Months Ended
	June 26, 2022			June 27, 2021			June 26, 2022			June 27, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13.3		$	13.0		$	26.7		26.2
Right-of-use assets obtained in exchange for lease obligations:
Operating leases net of lease modifications	$	(9.5)		$	4.1		$	(0.5)		11.5
Weighted Average Remaining Lease Term
Operating leases	4.6 years			5.8 years			4.6 years			5.8 years
Weighted Average Discount Rate
Operating leases	3.3		%	3.1		%	3.3		%	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 June 26, 2022:

	June 26, 2022
2022 (excluding the six months ended June 26, 2022)	$	25.1
2023	43.8
2024	31.3
2025	25.4
2026	19.2
2027 and thereafter	24.7
Total future lease payments	169.5
Less imputed interest	19.1
Present value of future operating lease payments	150.4
Less current portion of operating lease liabilities (1)	44.0
Non-current operating lease liability (2)	106.4
Operating lease right-of-use assets, net (3)	$	135.8

(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.