Leases (Tables)

3 Months Ended

Mar. 30, 2019

The components of lease expense in the first quarter of 2019 were as follows:



	13 weeks ended
(In millions)	March 30, 2019
Operating lease cost ^{(a) (c)}	$	13.0
Finance lease cost
Amortization of right-of-use assets ^(a)	0.2
Interest on lease liabilities ^(b)	0.1
Total finance lease cost	$	0.3

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^(a)	Included in DS&A and cost of products sold.


^(b)	Included in interest expense.


^(c)	Includes immaterial amounts related to short-term rent expense and variable rent expense.

Supplemental cash flow information related to leases is as follows:



	13 weeks ended
(In millions)	March 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(12.6	)
Operating cash flows from finance leases	(0.1		)
Financing cash flows from finance leases	(0.3		)
Leased assets obtained in exchange for new operating lease liabilities	$	7.7

Supplemental balance sheet information related to leases is as follows:



(In millions, except lease term and discount rate)	March 30, 2019
Operating Leases
Operating lease right-of-use assets	$	82.0

Accrued liabilities	$	30.6
Operating lease liabilities	52.7
Total Operating lease liabilities	$	83.3

Finance Leases
Property, plant and equipment, at cost	$	18.2
Accumulated amortization	9.8
Property, plant and equipment, net	$	8.4

Current portion of finance lease obligations	$	1.6
Long-term finance lease obligations	3.4
Total Finance lease liabilities	$	5.0

Weighted Average Remaining Lease Term
Operating Leases	4.6 years
Finance Leases	3.2 years
Weighted Average Discount Rate ^(a)
Operating Leases	5.4		%
Finance Leases	4.8		%

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^(a)Calculated using Company's incremental borrowing rate.

Maturities of lease liabilities as of March 30, 2019 were as follows:

Maturities of lease liabilities as of December 29, 2018 were as follows: