Leases (Tables)

9 Months Ended

Oct. 01, 2023

Leases [Abstract]

Schedule of Information Related to Leases

Information related to the Company’s leases for the quarters and nine months ended October 1, 2023 and September 25, 2022 is as follows:

	Quarter Ended						Nine Months Ended
	October 1, 2023 (1)			September 25, 2022			October 1, 2023 (1)			September 25, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	11.5		$	12.7		$	37.3		39.4
Right-of-use assets obtained in exchange for lease obligations:
Operating leases net of lease modifications	$	9.2		$	0.4		$	76.9		—
Weighted Average Remaining Lease Term
Operating leases	7.4 years			4.5 years			7.4 years			4.5 years
Weighted Average Discount Rate
Operating leases	3.8		%	3.4		%	3.8		%	3.4	%

(1) Includes certain amounts attributable to the non-core eOne Film and TV businesses, which were transferred to Assets held for sale and Liabilities held for sale as of October 1, 2023. See note 15 for additional information.

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 October 1, 2023:

	October 1, 2023 (1)
2023 (excluding the nine months ended October 1, 2023)	$	11.0
2024	41.6
2025	36.0
2026	30.0
2027	21.6
2028 and thereafter	69.8
Total future lease payments	210.0
Less imputed interest	63.5
Present value of future operating lease payments	146.5
Less current portion of operating lease liabilities (2)	28.1
Non-current operating lease liability (3)	118.4
Operating lease right-of-use assets, net (4)	$	121.9

(1) Includes certain assets and liabilities attributable to the non-core eOne Film and TV businesses, which were transferred to Assets held for sale and Liabilities held for sale as of October 1, 2023. See note 15 for additional information.

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

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

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