Leases (Tables)

3 Months Ended

Mar. 29, 2019

For the three-month period ended March 29, 2019, the components of operating lease expense were as follows ($ in millions):



Fixed operating lease expense ^(a)	$	63.4
Variable operating lease expense	12.0
Total operating lease expense	$	75.4

^(a)Includes short-term leases and sublease income, both of which were immaterial.

Lessee, Cash Flow

Supplemental cash flow information related to the Company’s operating leases for the three-month period ended March 29, 2019 was as follows ($ in millions):



Cash paid for amounts included in the measurement of operating lease liabilities	$	61.9
ROU assets obtained in exchange for operating lease obligations	39.6

Lessee, Assets and Liabilities

The following table presents the lease balances within the Consolidated Condensed Balance Sheet, weighted average remaining lease term, and weighted average discount rates related to the Company’s operating leases as of March 29, 2019 ($ in millions except for the weighted average remaining lease term and weighted average discount rate):



Lease Assets and Liabilities	Classification
Assets:
Operating lease ROU assets	Other long-term assets	$	946.7

Liabilities:
Current:
Operating lease liabilities	Accrued expenses and other liabilities	$	186.1
Long-term:
Operating lease liabilities	Other long-term liabilities	800.0
Total operating lease liabilities		$	986.1

Weighted average remaining lease term		7 years
Weighted average discount rate		3.3		%

Lessee, Operating Lease, Liability, Maturity

The following table presents the maturity of the Company’s operating lease liabilities as of March 29, 2019 ($ in millions):



Remainder of 2019	$	163.3
2020	183.5
2021	149.0
2022	125.8
2023	109.7
Thereafter	395.3
Total operating lease payments	1,126.6
Less: imputed interest	140.5
Total operating lease liabilities	$	986.1