Leases (Tables)

12 Months Ended

Dec. 28, 2019

Leases [Abstract]

Lease expense

The components of lease expense for the year ended December 28, 2019 were as follows:

	For the Year Ended
(in millions of U.S. dollars)	December 28, 2019
Operating lease cost	$	54.7
Short-term lease cost	5.0
Finance lease cost
Amortization of right-of-use assets	$	5.0
Interest on lease liabilities	1.3
Total finance lease cost	$	6.3
Sublease income	$	0.8

Supplemental cash flow information related to leases for the year ended December 28, 2019 was as follows:

	For the Year Ended
(in millions of U.S. dollars)	December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	54.0
Operating cash flows from finance leases	1.2
Financing cash flows from finance leases	4.4
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	28.9
Finance leases	30.6

Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

(in millions of U.S. dollars, except lease term and discount rate)	December 28, 2019
Operating leases
Operating lease right-of-use assets	$	203.1
Current operating lease obligations	41.7
Operating lease obligations	167.8
Total operating lease obligations	$	209.5
Financing leases
Property, plant and equipment, net	$	31.9
Current maturities of long-term debt	6.3
Long-term debt	24.6
Total finance lease obligations	$	30.9

Weighted Average Remaining Lease Term
Operating leases	7.8 years
Finance leases	5.9 years
Weighted Average Discount Rate
Operating leases	6.1	%
Finance leases	6.0	%

Maturity of Finance Leases

Maturities of lease obligations as of December 28, 2019 were as follows:

(in millions of U.S. dollars)	Operating Leases			Finance Leases
2020	$	53.9		$	7.5
2021	42.9			6.4
2022	32.9			5.9
2023	27.7			5.6
2024	22.3			4.8
Thereafter	95.9			6.4
Total lease payments	275.6			36.6
Less imputed interest	(66.1		)	(5.7		)
Present value of lease obligations	$	209.5		$	30.9

Maturity of Operating Leases

Maturities of lease obligations as of December 28, 2019 were as follows:

(in millions of U.S. dollars)	Operating Leases			Finance Leases
2020	$	53.9		$	7.5
2021	42.9			6.4
2022	32.9			5.9
2023	27.7			5.6
2024	22.3			4.8
Thereafter	95.9			6.4
Total lease payments	275.6			36.6
Less imputed interest	(66.1		)	(5.7		)
Present value of lease obligations	$	209.5		$	30.9

Prior To Adoption

As of December 29, 2018, the minimum annual payments under operating leases were as follows:

(in millions of U.S. dollars)	Operating Leases
2019	$	51.6
2020	42.9
2021	36.2
2022	29.2
2023	23.4
Thereafter	106.9

Minimum Lease Payments for Capital Leases

In addition, as of December 29, 2018, the future minimum payments required under capital leases over their remaining terms are summarized below:

(in millions of U.S. dollars)	Capital Leases
2019	$	1.9
2020	1.4
2021	0.7
2022	0.5
2023	0.4
Thereafter	0.1