v3.22.2.2
Leases
 9 Months Ended
Oct. 01, 2022
Leases [Abstract]  
Leases LEASES
The balance sheet locations of our lease assets and liabilities were as follows (in millions):
AssetsBalance Sheet LocationOctober 1, 2022December 31, 2021
OperatingOperating lease assets$209.8 $166.9 
FinanceOther non-current assets22.7 27.9 
Total$232.5 $194.8 

LiabilitiesBalance Sheet LocationOctober 1, 2022December 31, 2021
Current
OperatingOther accrued liabilities$26.6 $26.0 
FinanceCurrent indebtedness3.8 4.9 
Non-Current
OperatingOther non-current liabilities181.0 147.3 
FinanceLong-term debt, less current portion17.6 20.9 
Total$229.0 $199.1 
    
The below tables show our lease assets and liabilities by reporting segment (in millions):
Assets
OperatingFinancing
October 1, 2022December 31, 2021October 1, 2022December 31, 2021
CSCA$101.4 $98.2 $14.2 $15.3 
CSCI39.4 30.7 6.3 7.9 
Unallocated69.0 38.0 2.2 4.7 
Total$209.8 $166.9 $22.7 $27.9 
Liabilities
OperatingFinancing
October 1, 2022December 31, 2021October 1, 2022December 31, 2021
CSCA$102.7 $99.7 $15.2 $16.0 
CSCI41.2 31.8 3.9 5.0 
Unallocated63.7 41.8 2.3 4.8 
Total$207.6 $173.3 $21.4 $25.8 

Lease expense was as follows (in millions):
Three Months EndedNine Months Ended
October 1, 2022October 2, 2021October 1, 2022October 2, 2021
Operating leases(1)
$11.1 $10.0 $31.7 $29.9 
Finance leases
Amortization$1.3 $1.5 $4.2 $4.4 
Interest0.2 0.2 0.5 0.6 
Total finance leases$1.5 $1.7 $4.7 $5.0 

            (1) Includes short-term leases and variable lease costs, which are immaterial.
    
The annual future maturities of our leases as of October 1, 2022 are as follows (in millions):

Operating LeasesFinance LeasesTotal
2022$8.1 $1.2 $9.3 
202329.9 3.8 33.7 
202426.0 2.3 28.3 
202524.2 2.1 26.3 
202619.6 2.0 21.6 
After 2026131.1 13.5 144.6 
Total lease payments238.9 24.9 263.8 
Less: Interest31.3 3.5 34.8 
Present value of lease liabilities$207.6 $21.4 $229.0 
Our weighted average lease terms and discount rates are as follows:

October 1, 2022October 2, 2021
Weighted-average remaining lease term (in years)
Operating leases11.3511.39
Finance leases9.458.78
Weighted-average discount rate
Operating leases2.53 %2.60 %
Finance leases2.90 %2.64 %

Our lease cash flow classifications are as follows (in millions):
Nine Months Ended
October 1, 2022October 2, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$30.6 $26.3 
Operating cash flows for finance leases$0.5 $0.6 
Financing cash flows for finance leases$3.8 $3.9 
Leased assets obtained in exchange for new finance lease liabilities$— $4.5 
Leased assets obtained in exchange for new operating lease liabilities$62.3 $42.5 
Leases LEASES
The balance sheet locations of our lease assets and liabilities were as follows (in millions):
AssetsBalance Sheet LocationOctober 1, 2022December 31, 2021
OperatingOperating lease assets$209.8 $166.9 
FinanceOther non-current assets22.7 27.9 
Total$232.5 $194.8 

LiabilitiesBalance Sheet LocationOctober 1, 2022December 31, 2021
Current
OperatingOther accrued liabilities$26.6 $26.0 
FinanceCurrent indebtedness3.8 4.9 
Non-Current
OperatingOther non-current liabilities181.0 147.3 
FinanceLong-term debt, less current portion17.6 20.9 
Total$229.0 $199.1 
    
The below tables show our lease assets and liabilities by reporting segment (in millions):
Assets
OperatingFinancing
October 1, 2022December 31, 2021October 1, 2022December 31, 2021
CSCA$101.4 $98.2 $14.2 $15.3 
CSCI39.4 30.7 6.3 7.9 
Unallocated69.0 38.0 2.2 4.7 
Total$209.8 $166.9 $22.7 $27.9 
Liabilities
OperatingFinancing
October 1, 2022December 31, 2021October 1, 2022December 31, 2021
CSCA$102.7 $99.7 $15.2 $16.0 
CSCI41.2 31.8 3.9 5.0 
Unallocated63.7 41.8 2.3 4.8 
Total$207.6 $173.3 $21.4 $25.8 

Lease expense was as follows (in millions):
Three Months EndedNine Months Ended
October 1, 2022October 2, 2021October 1, 2022October 2, 2021
Operating leases(1)
$11.1 $10.0 $31.7 $29.9 
Finance leases
Amortization$1.3 $1.5 $4.2 $4.4 
Interest0.2 0.2 0.5 0.6 
Total finance leases$1.5 $1.7 $4.7 $5.0 

            (1) Includes short-term leases and variable lease costs, which are immaterial.
    
The annual future maturities of our leases as of October 1, 2022 are as follows (in millions):

Operating LeasesFinance LeasesTotal
2022$8.1 $1.2 $9.3 
202329.9 3.8 33.7 
202426.0 2.3 28.3 
202524.2 2.1 26.3 
202619.6 2.0 21.6 
After 2026131.1 13.5 144.6 
Total lease payments238.9 24.9 263.8 
Less: Interest31.3 3.5 34.8 
Present value of lease liabilities$207.6 $21.4 $229.0 
Our weighted average lease terms and discount rates are as follows:

October 1, 2022October 2, 2021
Weighted-average remaining lease term (in years)
Operating leases11.3511.39
Finance leases9.458.78
Weighted-average discount rate
Operating leases2.53 %2.60 %
Finance leases2.90 %2.64 %

Our lease cash flow classifications are as follows (in millions):
Nine Months Ended
October 1, 2022October 2, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$30.6 $26.3 
Operating cash flows for finance leases$0.5 $0.6 
Financing cash flows for finance leases$3.8 $3.9 
Leased assets obtained in exchange for new finance lease liabilities$— $4.5 
Leased assets obtained in exchange for new operating lease liabilities$62.3 $42.5