Leases (Tables)

12 Months Ended

Dec. 29, 2019

Leases [Abstract]

Components of lease expense

The components of lease expense were as follows (in millions of dollars):

		December Year to Date
Description	Statements of Earnings Location	2019
Operating:
Operating lease cost	Selling, general and administrative expenses	$	26.7
Short-term lease cost	Selling, general and administrative expenses	3.5
Variable lease cost	Selling, general and administrative expenses	6.7
Financing:
Amortization of ROU assets	Selling, general and administrative expenses	0.4
Interest on lease liabilities	Other income (expense), net	0.2
Total lease cost		$	37.5

Supplemental consolidated balance sheet information related to leases

Supplemental consolidated balance sheet information related to leases was as follows (in millions of dollars):

Description	Balance Sheet Location	As of Year-End 2019
ROU Assets:
Operating	Operating lease right-of-use assets	$	60.4
Financing	Property and equipment	4.1
Total lease assets		$	64.5
ROU Liabilities:
Operating - current	Operating lease liabilities, current	$	20.1
Financing - current	Accounts payable and accrued liabilities	1.3
Operating - noncurrent	Operating lease liabilities, noncurrent	43.3
Financing - noncurrent	Other long-term liabilities	2.1
Total lease liabilities		$	66.8

Schedule of lease terms and discount rates

Weighted average remaining lease terms and discount rates were as follows:

	December Year to Date
	2019
Weighted average remaining lease term (years):
Operating leases	3.9
Financing leases	3.6
Weighted average discount rate:
Operating leases	5.7	%
Financing leases	4.9	%

Other information related to leases

Other information related to leases was as follows (in millions of dollars):

	December Year to Date
	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	26.0
Financing cash flows from financing leases	0.7
ROU assets obtained in exchange for new lease obligations:
Operating leases	$	9.2
Financing leases	4.1

Maturities of operating lease liabilities under ASC 842

Maturities of lease liabilities as of year-end 2019 were as follows (in millions of dollars):

	Operating Leases		Financing Leases
2020	$	23.1	$	1.5
2021	18.3		1.2
2022	13.0		1.1
2023	7.5		—
2024	4.3		—
Thereafter	4.4		—
Total future lease payments	70.6		3.8
Less: Imputed interest	7.2		0.4
Total	$	63.4	$	3.4

Maturity of financing leases

Maturities of lease liabilities as of year-end 2019 were as follows (in millions of dollars):

	Operating Leases		Financing Leases
2020	$	23.1	$	1.5
2021	18.3		1.2
2022	13.0		1.1
2023	7.5		—
2024	4.3		—
Thereafter	4.4		—
Total future lease payments	70.6		3.8
Less: Imputed interest	7.2		0.4
Total	$	63.4	$	3.4

Maturities of operating lease liabilities under ASC 840

Maturities of operating leases accounted for under ASC 840 as of year-end 2018 were as follows (in millions of dollars):

Fiscal year:
2019	$	26.7
2020	20.4
2021	15.2
2022	9.8
2023	4.7
Later years	4.9
Total	$	81.7