Leases (Tables)

3 Months Ended

Mar. 29, 2019

Leases [Abstract]

Lease Assets and Liabilities

The following table presents the lease-related assets and liabilities recorded on the balance sheet as of March 29, 2019 (U.S. dollars in millions):

Classification on the Balance Sheet		March 29, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	192.2
Finance lease assets	Property, plant and equipment, net	1.3
Total lease assets		$	193.5
Liabilities
Current
Operating	Current maturities of operating leases	$	56.0
Finance	Current maturities of long-term debt and finance leases	0.4
Noncurrent
Operating	Operating leases, less current maturities	109.5
Finance	Long-term debt and finance leases, less current maturities	0.5
Total lease liabilities		$	166.4
Weighted-average remaining lease term:
Operating leases		7.2 years
Finance leases		2.2 years
Weighted-average discount rate:
Operating leases (1)		8.41		%
Finance leases		4.42		%

(1) Upon adoption of the new lease standard, discount rates used for existing leases were established at December 29, 2018

Lease Costs

The following table presents certain information related to the lease costs for finance and operating leases for the quarter ended March 29, 2019 (U.S. dollars in millions):

	March 29, 2019
Finance lease cost
Amortization of lease assets	$	0.1
Operating lease cost	23.3
Short-term lease cost	2.4
Variable lease cost	1.3
Total lease cost	$	27.1

9 . Leases (continued)

Other Information

The following table presents supplemental cash flow information related to the leases for the quarter ended March 29, 2019 (U.S. dollars in millions):

	March 29, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	20.5
Financing cash flows for finance leases	0.1

Operating Lease Liability Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of March 29, 2019 (U.S. dollars in millions):

	Operating Leases		Finance Leases
Remainder of 2019	$	60.4	$	0.4
2020	38.3		0.3
2021	25.0		0.2
2022	17.7		—
2023	15.4		—
Thereafter	77.8		—
Total lease payments	234.6		0.9
Less: imputed interest	68.8		—
Total lease liabilities	$	165.5	$	0.9

Finance Lease Liability Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of March 29, 2019 (U.S. dollars in millions):

	Operating Leases		Finance Leases
Remainder of 2019	$	60.4	$	0.4
2020	38.3		0.3
2021	25.0		0.2
2022	17.7		—
2023	15.4		—
Thereafter	77.8		—
Total lease payments	234.6		0.9
Less: imputed interest	68.8		—
Total lease liabilities	$	165.5	$	0.9