Property, Plant and Equipment

12 Months Ended

Dec. 29, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES

Property, plant and equipment consisted of the following:

(In millions)	December 29, 2018		December 30, 2017
Land	$	3.9	$	4.0
Buildings and improvements	108.8		103.5
Machinery and equipment	162.5		171.0
Software	106.6		112.6
Gross cost	381.8		391.1
Less: accumulated depreciation	250.9		254.4
Property, plant and equipment, net	$	130.9	$	136.7

Depreciation expense was $25.3 million, $27.8 million and $29.5 million for fiscal years 2018, 2017 and 2016, respectively.

The Company leases machinery, equipment and certain warehouse, office and retail store space under operating lease agreements that expire at various dates through 2035. Certain leases contain renewal provisions and generally require the Company to pay utilities, insurance, taxes and other operating expenses.

Rental expense under all operating leases, consisting primarily of minimum rentals, totaled $32.0 million, $39.9 million and $55.5 million in fiscal years 2018, 2017 and 2016, respectively. The Company recognized sublease income of $2.8 million, $1.9 million, and $0.9 million in fiscal years 2018, 2017 and 2016, respectively.

Future minimum rental payments due under noncancelable lease under the provisions of ASC 840, for the fiscal years subsequent to December 29, 2018, are as follows:

(In millions)	2019		2020		2021		2022		2023		Thereafter
Minimum rental payments	$	31.8	$	28.4	$	26.2	$	23.7	$	17.0	$	107.9

As of December 29, 2018, the Company is due $21.9 million in future rentals under noncancelable subleases.