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Leases (Tables)

12 Months Ended

Jan. 02, 2022

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


		December Year to Date
Description	Statements of Earnings Location	2021		2020		2019
Operating:
Operating lease cost	Selling, general and administrative expenses	$	25.8	$	27.0	$	26.7
Short-term lease cost	Selling, general and administrative expenses	2.6		3.6		3.5
Variable lease cost	Selling, general and administrative expenses	5.7		6.8		6.7
Financing:
Amortization of ROU assets	Selling, general and administrative expenses	1.4		1.3		0.4
Interest on lease liabilities	Other income (expense), net	0.2		0.4		0.2
Total lease cost		$	35.7	$	39.1	$	37.5

Supplemental consolidated balance sheet information related to leases was as follows (in millions of dollars):


Description	Balance Sheet Location	As of Year-End 2021		As of Year-End 2020
ROU Assets:
Operating	Operating lease right-of-use assets	$	75.8	$	83.2
Financing	Property and equipment	6.3		7.0
Total lease assets		$	82.1	$	90.2

ROU Liabilities:
Operating - current	Operating lease liabilities, current	$	17.5	$	19.6
Financing - current	Accounts payable and accrued liabilities	1.9		1.8
Operating - noncurrent	Operating lease liabilities, noncurrent	61.4		67.5
Financing - noncurrent	Other long-term liabilities	1.2		2.8
Total lease liabilities		$	82.0	$	91.7

Weighted average remaining lease terms and discount rates were as follows:


	December Year to Date
	2021		2020
Weighted average remaining lease term (years):
Operating leases	8.1		8.1
Financing leases	2.1		3.3
Weighted average discount rate:
Operating leases	4.9	%	5.1	%
Financing leases	5.3	%	5.4	%

Other information related to leases was as follows (in millions of dollars):


	December Year to Date
	2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	26.1	$	25.4	$	26.0
Financing cash flows from financing leases	1.5		2.0		0.7

ROU assets obtained in exchange for new lease obligations:
Operating leases	$	14.9	$	43.3	$	9.2
Financing leases	—		3.1		4.1

Maturities of lease liabilities as of year-end 2021 were as follows (in millions of dollars):

Maturities of lease liabilities as of year-end 2021 were as follows (in millions of dollars):