Leases (Tables)

9 Months Ended

Sep. 25, 2022

Schedule of Information Related to Leases

Information related to the Company’s leases for the quarters ended September 25, 2022 and September 26, 2021 is as follows:


	Quarter Ended						Nine Months Ended
	September 25, 2022			September 26, 2021			September 25, 2022			September 26, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	12.7		$	13.7		$	39.4		39.9
Right-of-use assets obtained in exchange for lease obligations:
Operating leases net of lease modifications	$	0.4		$	10.4		$	—		21.8

Weighted Average Remaining Lease Term
Operating leases	4.5 years			5.6 years			4.5 years			5.6 years
Weighted Average Discount Rate
Operating leases	3.4		%	3.1		%	3.4		%	3.1	%

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 September 25, 2022:


	September 25, 2022
2022 (excluding the nine months ended September 25, 2022)	$	12.2
2023	42.3
2024	29.5
2025	24.6
2026	19.2
2027 and thereafter	24.2
Total future lease payments	152.0
Less imputed interest	18.2
Present value of future operating lease payments	133.8
Less current portion of operating lease liabilities (1)	40.4
Non-current operating lease liability (2)	93.4
Operating lease right-of-use assets, net (3)	$	120.1

(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.