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Leases (Tables)
3 Months Ended
Apr. 02, 2023
Leases [Abstract]  
Schedule of Information Related to Leases
Information related to the Company’s leases for the quarters ended April 2, 2023 and March 27, 2022 is as follows:
Quarter Ended
April 2,
2023
March 27,
2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$12.8 $13.4 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases net of lease modifications$65.6 $9.1 
Weighted Average Remaining Lease Term
Operating leases7.3 years5.4 years
Weighted Average Discount Rate
Operating leases3.7 %2.9 %
Schedule of 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 April 2, 2023:
April 2,
2023
2023 (excluding the three months ended April 2, 2023)$34.4 
202439.4 
202533.2 
202627.8 
202719.6 
2028 and thereafter69.2 
Total future lease payments223.6 
Less imputed interest36.4 
Present value of future operating lease payments187.2 
Less current portion of operating lease liabilities (1)
37.9 
Non-current operating lease liability (2)
149.3 
Operating lease right-of-use assets, net (3)
$174.5 
(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.