Leases (Tables)

12 Months Ended

Jan. 02, 2021

Leases [Abstract]

Schedule of Lease Cost

Total lease costs for 2020 and 2019 consist of the following:

(Amounts in millions)	2020		2019
Finance lease costs:
Amortization of ROU assets	$	1.7	$	1.5
Interest on lease liabilities	0.4		0.5
Operating lease costs*	24.6		25.1
Total lease costs	$	26.7	$	27.1

* Includes short-term leases, variable lease costs and sublease income, which are immaterial.

Supplemental cash flow information related to leases in 2020 and 2019 is as follows:

(Amounts in millions)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases	$	3.4	$	2.8
Operating cash flows from finance leases	0.4		0.5
Operating cash flows from operating leases	23.1		23.5
ROU assets obtained in exchange for new lease obligations:
Finance lease liabilities	$	0.4	$	1.4
Operating lease liabilities	15.2		12.5

Schedule of Lease Supplemental Balance Sheet Information and Weighted-Average Lease Terms and Discount Rates

Supplemental balance sheet information related to leases in 2020 and 2019 is as follows:

(Amounts in millions)	2020		2019
Finance leases:
Property and equipment - gross	$	24.3	$	9.2
Accumulated depreciation and amortization	(17.5)		(1.5)
Property and equipment - net	$	6.8	$	7.7
Other accrued liabilities	$	2.7	$	2.8
Other long-term liabilities	7.4		10.0
Total finance lease liabilities	$	10.1	$	12.8
Operating leases:
Operating lease right-of-use assets	$	51.9	$	55.6
Other accrued liabilities	$	19.3	$	19.5
Operating lease liabilities	34.0		37.5
Total operating lease liabilities	$	53.3	$	57.0

Weighted-average lease terms and discount rates in 2020 and 2019 are as follows:

	2020	2019
Weighted-average remaining lease terms:
Finance leases	3.7 years	4.5 years
Operating leases	3.3 years	3.7 years
Weighted-average discount rates:
Finance leases	3.4%	3.4%
Operating leases	2.6%	2.8%

Schedule of Operating Lease Liability Maturities

Maturities of lease liabilities as of January 2, 2021 are as follows:

(Amounts in millions)	Operating Leases		Finance Leases
Year:
2021	$	20.3	$	3.0
2022	15.6		2.8
2023	9.7		2.6
2024	5.8		2.1
2025	3.1		0.3
2026 and thereafter	1.2		—
Total lease payments	55.7		10.8
Less: amount representing interest	(2.4)		(0.7)
Total lease liabilities	$	53.3	$	10.1

Schedule of Finance Lease Liability Maturities

Maturities of lease liabilities as of January 2, 2021 are as follows:

(Amounts in millions)	Operating Leases		Finance Leases
Year:
2021	$	20.3	$	3.0
2022	15.6		2.8
2023	9.7		2.6
2024	5.8		2.1
2025	3.1		0.3
2026 and thereafter	1.2		—
Total lease payments	55.7		10.8
Less: amount representing interest	(2.4)		(0.7)
Total lease liabilities	$	53.3	$	10.1

Schedule of Sales-type Lease Receivables Maturities

Future minimum lease payments as of January 2, 2021 are as follows:

(Amounts in millions)	Lease Receivables
Year:
2021	$	98.5
2022	77.3
2023	59.5
2024	44.2
2025	28.4
2026 and thereafter	20.6
Total lease payments	328.5
Less: unearned finance charges	(55.3)
Net investment in leases	$	273.2