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Leases (Tables) | 9 Months Ended
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Sep. 26, 2020
Leases [Abstract] |
Balance Sheet Location of Lease Assets and Liabilities | The balance sheet locations of our lease assets and liabilities were as follows (in millions):
Assets |  | Balance Sheet Location |  | September 26, 2020 |  | December 31, 2019
Operating |  | Operating lease assets |  | $ | 132.2 |  |  | $ | 129.9 |
Finance |  | Other non-current assets |  | 29.2 |  |  | 27.6 |
Total |  |  |  | $ | 161.4 |  |  | $ | 157.5 |
Liabilities |  | Balance Sheet Location |  | September 26, 2020 |  | December 31, 2019
Current |  |  |  |  |  |
Operating |  | Other accrued liabilities |  | $ | 31.6 |  |  | $ | 32.0 |
Finance |  | Current indebtedness |  | 6.5 |  |  | 3.4 |
Non-Current |  |  |  |  |  |
Operating |  | Other non-current liabilities |  | 106.9 |  |  | 101.7 |
Finance |  | Long-term debt, less current portion |  | 19.8 |  |  | 21.1 |
Total |  |  |  | $ | 164.8 |  |  | $ | 158.2 |
The below table shows our lease assets and liabilities by reporting segment (in millions):
|  | Assets |  | Liabilities
|  | Operating |  | Financing |  | Operating |  | Financing
|  | September 26, 2020 |  | December 31, 2019 |  | September 26, 2020 |  | December 31, 2019 |  | September 26, 2020 |  | December 31, 2019 |  | September 26, 2020 |  | December 31, 2019
CSCA |  | $ | 22.5 |  |  | $ | 22.4 |  |  | $ | 15.8 |  |  | $ | 16.8 |  |  | $ | 22.8 |  |  | $ | 22.8 |  |  | $ | 16.0 |  |  | $ | 16.6 |
CSCI |  | 32.8 |  |  | 41.6 |  |  | 5.7 |  |  | 5.8 |  |  | 33.5 |  |  | 42.4 |  |  | 2.5 |  |  | 2.9 |
RX |  | 30.7 |  |  | 35.1 |  |  | 0.7 |  |  | 0.8 |  |  | 31.9 |  |  | 36.3 |  |  | 0.7 |  |  | 0.8 |
Unallocated |  | 46.2 |  |  | 30.8 |  |  | 7.0 |  |  | 4.2 |  |  | 50.3 |  |  | 32.2 |  |  | 7.1 |  |  | 4.2 |
Total |  | $ | 132.2 |  |  | $ | 129.9 |  |  | $ | 29.2 |  |  | $ | 27.6 |  |  | $ | 138.5 |  |  | $ | 133.7 |  |  | $ | 26.3 |  |  | $ | 24.5 |
Lease Expense | Lease expense was as follows (in millions):
|  | Three Months Ended |  | Nine Months Ended
|  | September 26, 2020 |  | September 28, 2019 |  | September 26, 2020 |  | September 28, 2019
Operating leases(1) |  | $ | 10.6 |  |  | $ | 11.0 |  |  | $ | 32.1 |  |  | $ | 33.9 |
Finance leases |  |  |  |  |  |  |  |
Amortization |  | $ | 1.2 |  |  | $ | 0.9 |  |  | $ | 3.4 |  |  | $ | 2.3 |
Interest |  | 0.2 |  |  | 0.2 |  |  | 0.6 |  |  | 0.4 |
Total finance leases |  | $ | 1.4 |  |  | $ | 1.1 |  |  | $ | 4.0 |  |  | $ | 2.7 |
(1) Includes short-term leases and variable lease costs, which are immaterial.
Finance Lease Maturity | The annual future maturities of our leases as of September 26, 2020 are as follows (in millions):
|  | Operating Leases |  | Finance Leases |  | Total
2020 |  | $ | 9.6 |  |  | $ | 1.4 |  |  | $ | 11.0 |
2021 |  | 33.2 |  |  | 6.9 |  |  | 40.1 |
2022 |  | 25.3 |  |  | 4.2 |  |  | 29.5 |
2023 |  | 18.7 |  |  | 2.5 |  |  | 21.2 |
2024 |  | 16.0 |  |  | 1.4 |  |  | 17.4 |
After 2024 |  | 54.6 |  |  | 14.3 |  |  | 68.9 |
Total lease payments |  | 157.4 |  |  | 30.7 |  |  | 188.1 |
Less: Interest |  | 18.9 |  |  | 4.4 |  |  | 23.3 |
Present value of lease liabilities |  | $ | 138.5 |  |  | $ | 26.3 |  |  | $ | 164.8 |
Operating Lease Liability Maturity | The annual future maturities of our leases as of September 26, 2020 are as follows (in millions):
|  | Operating Leases |  | Finance Leases |  | Total
2020 |  | $ | 9.6 |  |  | $ | 1.4 |  |  | $ | 11.0 |
2021 |  | 33.2 |  |  | 6.9 |  |  | 40.1 |
2022 |  | 25.3 |  |  | 4.2 |  |  | 29.5 |
2023 |  | 18.7 |  |  | 2.5 |  |  | 21.2 |
2024 |  | 16.0 |  |  | 1.4 |  |  | 17.4 |
After 2024 |  | 54.6 |  |  | 14.3 |  |  | 68.9 |
Total lease payments |  | 157.4 |  |  | 30.7 |  |  | 188.1 |
Less: Interest |  | 18.9 |  |  | 4.4 |  |  | 23.3 |
Present value of lease liabilities |  | $ | 138.5 |  |  | $ | 26.3 |  |  | $ | 164.8 |
Weighted Average Lease Terms and Discount Rates | Our weighted average lease terms and discount rates are as follows:
|  | September 26, 2020 |  | September 28, 2019
Weighted-average remaining lease term (in years) |  |  |  |
Operating leases |  | 6.54 |  |  | 6.58 |
Finance leases |  | 9.03 |  |  | 10.90 |
Weighted-average discount rate |  |  |  |
Operating leases |  | 3.80 | % |  | 4.17 | %
Finance leases |  | 3.20 | % |  | 3.50 | %
Lease Cash Flow Classifications | Our lease cash flow classifications are as follows (in millions):
|  | Nine Months Ended
|  | September 26, 2020 |  | September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows for operating leases |  | $ | 31.2 |  |  | $ | 33.6 |
Operating cash flows for finance leases |  | $ | 0.6 |  |  | $ | 0.4 |
Financing cash flows for finance leases |  | $ | 3.1 |  |  | $ | 2.2 |
Leased assets obtained in exchange for new finance lease liabilities |  | $ | 4.7 |  |  | $ | 19.0 |
Leased assets obtained in exchange for new operating lease liabilities |  | $ | 26.2 |  |  | $ | 5.3 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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=121609121&loc=SL77918701-209980 + 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=121609121&loc=SL77918701-209980 + Details
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