Leases (Notes)

12 Months Ended

Dec. 30, 2022

Leases [Abstract]

Lessee, Operating Leases

12. Leases

Lease assets and liabilities related to the Company's operating leases are reported in the following consolidated balance sheet captions:

	Successor		Predecessor
	December 30, 2022		December 31, 2021
Other assets	$	38.1	$	35.0
Accrued and other current liabilities	$	10.3	$	11.1
Other liabilities	30.4		20.0
Other current and non-current liabilities subject to compromise	—		0.4
Total lease liabilities	$	40.7	$	31.5

Dependent on the nature of the leased asset, lease expense is included within cost of sales or SG&A. The primary components of lease expense were as follows:

	Successor		Predecessor
	Period from June 17, 2022  through December 30, 2022		Period from January 1, 2022  through June 16, 2022		Year Ended December 31, 2021		Year Ended December 25, 2020
Lease cost:
Operating lease cost	$	7.9	$	8.7	$	19.6	$	21.2
Short-term lease cost	1.6		0.4		1.1		1.1
Variable lease cost	1.5		1.2		2.4		3.1
Total lease cost	$	11.0	$	10.3	$	23.1	$	25.4

Lease terms and discount rates were as follows:

	Successor		Predecessor
	December 30, 2022		December 31, 2021
Weighted-average remaining lease term (in years) - operating lease	6.7		5.7
Weighted-average discount rate - operating leases	11.9	%	4.4	%

Contractual maturities of operating lease liabilities as of December 30, 2022 (Successor) were as follows:

Fiscal 2023	$	14.9
Fiscal 2024	12.0
Fiscal 2025	7.9
Fiscal 2026	5.0
Fiscal 2027	3.2
Thereafter	18.3
Total lease payments	61.3
Less: Interest	(20.6)
Present value of lease liabilities	$	40.7

Other supplemental cash flow information related to leases were as follows:

	Successor		Predecessor
	Period from June 17, 2022  through December 30, 2022		Period from January 1, 2022  through June 16, 2022		Year Ended December 31, 2021		Year Ended December 25, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9.2	$	9.4	$	20.4	$	23.1
Lease assets obtained in exchange for lease obligations:
Operating leases	7.1		13.4		2.6		6.9