Leases (Tables)

6 Months Ended

Jun. 28, 2019

Leases [Abstract]

Lease Assets and Liabilities

The following table presents the lease-related assets and liabilities recorded on the balance sheet as of June 28, 2019 (U.S. dollars in millions):

Classification on the Balance Sheet		June 28, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	182.1
Finance lease assets	Property, plant and equipment, net	1.2
Total lease assets		$	183.3
Liabilities
Current
Operating	Current maturities of operating leases	$	49.9
Finance	Current maturities of debt and finance leases	0.4
Noncurrent
Operating	Operating leases, less current maturities	104.6
Finance	Long-term debt and finance leases, less current maturities	0.4
Total lease liabilities		$	155.3
Weighted-average remaining lease term:
Operating leases		7.4 years
Finance leases		1.9 years
Weighted-average discount rate:
Operating leases (1)		8.92		%
Finance leases		4.44		%

(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 and six months ended June 28, 2019 (U.S. dollars in millions):

	June 28, 2019
	Quarter ended		Six months ended
Finance lease cost
Amortization of lease assets	$	—	$	0.1
Operating lease cost	23.4		$	46.7
Short-term lease cost	1.9		$	4.3
Variable lease cost	1.6		$	2.9
Total lease cost	$	26.9	$	54.0

9 . Leases (continued)

Other Information

The following table presents supplemental cash flow information related to the leases for the quarter and six months ended June 28, 2019 (U.S. dollars in millions):

	June 28, 2019
	Quarter ended		Six months ended
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	21.6	$	42.1
Financing cash flows for finance leases	0.2		$	0.3

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 June 28, 2019 (U.S. dollars in millions):

	Operating Leases		Finance Leases
Remainder of 2019	$	44.1	$	0.2
2020	37.7		0.3
2021	25.3		0.3
2022	17.5		—
2023	15.3		—
Thereafter	78.3		—
Total lease payments	218.2		0.8
Less: imputed interest	63.7		—
Total lease liabilities	$	154.5	$	0.8

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 June 28, 2019 (U.S. dollars in millions):

	Operating Leases		Finance Leases
Remainder of 2019	$	44.1	$	0.2
2020	37.7		0.3
2021	25.3		0.3
2022	17.5		—
2023	15.3		—
Thereafter	78.3		—
Total lease payments	218.2		0.8
Less: imputed interest	63.7		—
Total lease liabilities	$	154.5	$	0.8