Leases (Tables)

6 Months Ended

Jun. 28, 2019

The components of operating lease expense were as follows ($ in millions):



	Three-Month Period Ended		Six-Month Period Ended
	June 28, 2019		June 28, 2019
Fixed operating lease expense ^(a)	$	56.0	$	119.4
Variable operating lease expense	12.9		24.9
Total operating lease expense	$	68.9	$	144.3

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

Supplemental cash flow information related to the Company’s operating leases for the six-month period ended June 28, 2019 was as follows ($ in millions):



Cash paid for amounts included in the measurement of operating lease liabilities	$	119.8
ROU assets obtained in exchange for operating lease obligations	66.3

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 June 28, 2019 ($ in millions):



Lease Assets and Liabilities	Classification
Assets:
Operating lease ROU assets	Other long-term assets	$	924.9

Liabilities:
Current:
Operating lease liabilities	Accrued expenses and other liabilities	$	185.2
Long-term:
Operating lease liabilities	Other long-term liabilities	780.1
Total operating lease liabilities		$	965.3

Weighted average remaining lease term		7 years
Weighted average discount rate		3.1		%

Lessee, Operating Lease, Liability, Maturity

The following table presents the maturity of the Company’s operating lease liabilities as of June 28, 2019 ($ in millions):



Remainder of 2019	$	110.9
2020	190.9
2021	156.1
2022	131.7
2023	112.9
Thereafter	387.2
Total operating lease payments	1,089.7
Less: imputed interest	124.4
Total operating lease liabilities	$	965.3