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COMMITMENTS
12 Months Ended
Dec. 29, 2018
COMMITMENTS  
COMMITMENTS

 

NOTE 7. COMMITMENTS

        Minimum annual rental commitments on operating leases having initial or remaining non-cancelable lease terms of one year or more are as follows:

 

                                                                                                                                                                                    

Year

 

(In millions)

 

​  

​ 

​  

​  

2019

 

$

47.7

 

2020

 

 

38.9

 

2021

 

 

29.4

 

2022

 

 

18.8

 

2023

 

 

12.9

 

2024 and thereafter

 

 

37.1

 

​  

​ 

​  

​  

Total minimum lease payments

 

$

184.8

 

​  

​ 

​  

​  

 

        Rent expense for operating leases was approximately $66 million in 2018, $64 million in 2017, and $58 million in 2016. Operating leases primarily relate to office and warehouse space and equipment for information technology, machinery, and transportation. These leases do not impose significant restrictions or unusual obligations.

        Refer to Note 4, "Debt and Capital Leases," for more information.