The Company has operating leases for production, office and warehouse facilities, manufacturing and office equipment and vehicles. Operating lease assets and obligations included in the accompanying condensed consolidated balance sheets are shown below (in millions):


	April 1, 2023		December 31, 2022
Right-of-use assets under operating leases:
Other long-term assets	$	724.3	$	701.8
Lease obligations under operating leases:
Accrued liabilities	$	144.8	$	136.8
Other long-term liabilities	609.2		595.1
	$	754.0	$	731.9

Maturities of lease obligations as of April 1, 2023, are shown below (in millions):


	April 1, 2023
2023 (1)	$	127.6
2024	151.9
2025	129.8
2026	107.6
2027	88.7
Thereafter	238.3
Total undiscounted cash flows	843.9
Less: Imputed interest	(89.9)
Lease obligations under operating leases	$	754.0

Cash flow information related to operating leases is shown below (in millions):


	Three Months Ended
	April 1, 2023		April 2, 2022
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations	$	64.8	$	62.5
Operating cash flows:
Cash paid related to operating lease obligations	$	44.3	$	40.4

Lease expense included in the accompanying condensed consolidated statements of comprehensive income is shown below (in millions):


	Three Months Ended
	April 1, 2023		April 2, 2022
Operating lease expense	$	44.2	$	41.4
Short-term lease expense	5.1		5.4
Variable lease expense	2.6		2.0
Total lease expense	$	51.9	$	48.8

The weighted average lease term and discount rate for operating leases are shown below:


	April 1, 2023
Weighted average remaining lease term	Seven years
Weighted average discount rate	3.6	%

The Company is party to a finance lease agreement, which is not material to the accompanying condensed consolidated financial statements (Note 9, "Debt").

For further information related to the Company's leases, see Note 8, "Leases," to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022.