Leases (Tables)

3 Months Ended

Mar. 29, 2020

Leases [Abstract]

Components of lease expense

The components of leases expense were as follows (in millions):

	Three Months Ended
	March 29, 2020		March 31, 2019
Operating lease cost	$	32.7	$	27.3
Finance lease cost:
Amortization of right-of-use assets	$	3.7	$	3.8
Interest on lease liabilities	0.2		0.3
Total finance lease cost	$	3.9	$	4.1

Supplemental cash flow and balance sheet information related to leases

Supplemental cash flow information related to leases was as follows (in millions):

	Three Months Ended
	March 29, 2020		March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows related to operating leases	$	31.4	$	26.5
Operating cash flows related to finance leases	$	0.3	$	0.3
Financing cash flows related to finance leases	$	3.8	$	5.6
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	81.7	$	1.9
Finance leases	$	5.2	$	—

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):

	March 29, 2020			December 29, 2019
Operating Leases
Operating lease right-of-use assets	$	892.8		$	811.1
Accumulated amortization	(96.2		)	(75.2		)
Operating lease right-of-use assets, net	$	796.6		$	735.9
Other accrued expenses	$	73.6		$	68.6
Operating lease liabilities	766.5			709.5
Total operating lease liabilities	$	840.1		$	778.1
Finance Leases
Property and equipment, gross	$	131.6		$	127.4
Accumulated depreciation	(94.3		)	(90.9		)
Property and equipment, net	$	37.3		$	36.5
Other accrued expenses	$	11.6		$	12.4
Other liabilities	14.0			12.6
Total finance lease liabilities	$	25.6		$	25.0
Weighted Average Remaining Lease Term (Years)
Operating leases	11.56			11.81
Finance leases	2.83			1.58
Weighted Average Discount Rate
Operating leases	5.6		%	5.7		%
Finance leases	3.8		%	4.6		%

Maturities of lease liabilities, operating leases

Maturities of lease liabilities as of March 29, 2020 were as follows (in millions):

	Operating Leases			Finance Leases
2020 (excluding the three months ended March 29, 2020)	$	88.5		$	10.0
2021	114.7			8.8
2022	103.4			3.9
2023	95.3			2.2
2024	90.0			2.2
2025	87.1			0.1
Thereafter	581.8			—
	1,160.8			27.2
Less imputed interest	(320.7		)	(1.6		)
Total	$	840.1		$	25.6

Maturities of lease liabilities, finance leases

Maturities of lease liabilities as of March 29, 2020 were as follows (in millions):

	Operating Leases			Finance Leases
2020 (excluding the three months ended March 29, 2020)	$	88.5		$	10.0
2021	114.7			8.8
2022	103.4			3.9
2023	95.3			2.2
2024	90.0			2.2
2025	87.1			0.1
Thereafter	581.8			—
	1,160.8			27.2
Less imputed interest	(320.7		)	(1.6		)
Total	$	840.1		$	25.6