Leases - (Tables)

9 Months Ended

Sep. 28, 2019

Leases [Abstract]

Lease expense

The components of lease expense for the three and nine months ended September 28, 2019 were as follows:

	For the Three Months Ended		For the Nine Months Ended
(in millions of U.S. dollars)	September 28, 2019
Operating lease cost	$	14.7	$	41.0
Short-term lease cost	1.7		4.4
Finance lease cost
Amortization of right-of-use assets	$	0.9	$	3.8
Interest on lease liabilities	0.6		0.9
Total finance lease cost	$	1.5	$	4.7
Sublease income	$	0.2	$	0.7

Supplemental cash flow information related to leases for the three and nine months ended September 28, 2019 was as follows:

	For the Three Months Ended	For the Nine Months Ended
(in millions of U.S. dollars)	September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	12.7	40.2
Operating cash flows from finance leases	0.6	0.9
Financing cash flows from finance leases	1.2	3.3
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	3.8	14.0
Finance leases	2.9	18.0

Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

(in millions of U.S. dollars, except lease term and discount rate)	September 28, 2019
Operating leases
Operating lease right-of-use assets	$	198.6
Current operating lease obligations	37.7
Operating lease obligations	166.2
Total operating lease obligations	$	203.9
Financing leases
Property, plant and equipment, net	$	20.1
Current maturities of long-term debt	3.9
Long-term debt	14.9
Total finance lease obligations	$	18.8

Weighted Average Remaining Lease Term
Operating leases	7.9 years
Finance leases	5.3 years
Weighted Average Discount Rate
Operating leases	6.3	%
Finance leases	6.1	%

Maturity of Finance Leases

Maturities of lease obligations as of September 28, 2019 were as follows:

(in millions of U.S. dollars)	Operating Leases			Finance Leases
2019	$	12.7		$	1.9
2020	49.8			6.6
2021	39.0			5.6
2022	29.4			5.1
2023	24.8			4.9
Thereafter	111.3			7.6
Total lease payments	267.0			31.7
Less imputed interest	(63.1		)	(12.9		)
Present value of lease obligations	$	203.9		$	18.8

Maturity of Operating Leases

Maturities of lease obligations as of September 28, 2019 were as follows:

(in millions of U.S. dollars)	Operating Leases			Finance Leases
2019	$	12.7		$	1.9
2020	49.8			6.6
2021	39.0			5.6
2022	29.4			5.1
2023	24.8			4.9
Thereafter	111.3			7.6
Total lease payments	267.0			31.7
Less imputed interest	(63.1		)	(12.9		)
Present value of lease obligations	$	203.9		$	18.8

Prior To Adoption

As of December 29, 2018, the minimum annual payments under operating leases were as follows:

(in millions of U.S. dollars)	Operating Leases
2019	$	51.6
2020	42.9
2021	36.2
2022	29.2
2023	23.4
Thereafter	106.9

Minimum Lease Payments for Capital Leases

In addition, as of December 29, 2018, the future minimum payments required under capital leases over their remaining terms are summarized below:

(in millions of U.S. dollars)	Capital Leases
2019	$	1.9
2020	1.4
2021	0.7
2022	0.5
2023	0.4
Thereafter	0.1