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Leases (Tables) | 12 Months Ended
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Dec. 26, 2021
Leases [Abstract] |
Lease Cost | Information related to the Company's leases for the years ended December 26, 2021 and December 27, 2020 is as follows:
| Year Ended |  | Year Ended
(In millions) | December 26, 2021 |  | December 27, 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 53.4 |  |  | $ | 50.9 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases* | $ | 28.4 |  |  | $ | 109.1 |
Weighted Average Remaining Lease Term: |  |  |
Operating leases | 5.6 years |  | 6.1 years
Weighted Average Discount Rate: |  |  |
Operating leases | 3.0 | % |  | 3.1 | %
*In 2020 as part of the acquisition of eOne, the Company recognized $88.8 million of Right-of-use assets, net in the form of operating leases.
Maturities of Operating Lease Liabilities | The following is a reconciliation of future undiscounted cash flows to the operating liabilities, and the related right of use assets, included in our Consolidated Balance Sheets as of December 26, 2021:
| Year Ended
(In millions) | December 26, 2021
2022 | $ | 50.3 |
2023 | 42.3 |
2024 | 30.2 |
2025 | 24.3 |
2026 | 18.7 |
2027 and thereafter | 33.4 |
Total future lease payments | 199.2 |
Less imputed interest | 22.9 |
Present value of future operating lease payments | 176.3 |
Less current portion of operating lease liabilities (1) | 43.9 |
Non-current operating lease liability (2) | 132.4 |
Operating lease right-of-use assets, net (3) | $ | 159.3 |
(1) Included in Accrued liabilities on the consolidated balance sheets |
(2) Included in Other liabilities on the consolidated balance sheets |
(3) Included in Property, plant and equipment on the consolidated balance sheets |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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