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Leases (Tables) | 9 Months Ended
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Jun. 28, 2020
Leases [Abstract] |
Summary Of Leases Related To Consolidated Statement Of Financial Position | The following is a summary of the Company’s leases recognized on the Company’s Condensed Consolidated Statement of Financial Position as of June 28, 2020:
(in millions) |  | Line Item |  | June 28, 2020
Assets |  |  |  |
Operating |  | Operating lease assets |  | $ | 92.4 |
Finance |  | Property, plant and equipment, net |  | 138.0 |
Total leased assets |  |  |  | $ | 230.4 |
Liabilities |  |  |  |
Current |  |  |  |
Operating |  | Other current liabilities |  | $ | 20.8 |
Finance |  | Current portion of long-term debt |  | 10.3 |
Long-term |  |  |  |
Operating |  | Long-term operating lease liabilities |  | 78.7 |
Finance |  | Long-term debt, net of current portion |  | 150.8 |
Total lease liabilities |  |  |  | $ | 260.6 |
Schedule Of Lease Costs | The components of lease costs recognized in the Condensed Consolidated Statement of Income for the three and nine month periods ended June 28, 2020 are as follows:
|  | Three Month Period Ended |  | Nine Month Period Ended
(in millions) |  | June 28, 2020 |  | June 28, 2020
Operating lease cost |  | $ | 6.2 |  |  | $ | 18.8 |
Finance lease cost |  |  |  |
Amortization of leased assets |  | 3.7 |  |  | 10.7 |
Interest on lease liability |  | 2.3 |  |  | 6.7 |
Variable lease cost |  | 3.3 |  |  | 9.1 |
Total lease cost |  | $ | 15.5 |  |  | $ | 45.3 |
Summary Of Cash Paid For Lease Liabilities | The following is a summary of the Company’s cash paid for amounts included in the measurement of lease liabilities recognized in the Condensed Consolidated Statement of Cash Flow, including supplemental non-cash activity related to operating leases, for the three and nine month periods ending June 28, 2020:
|  | Three Month Period Ended |  | Nine Month Period Ended
(in millions) |  | June 28, 2020 |  | June 28, 2020
Operating cash flow from operating leases |  | $ | 5.5 |  |  | $ | 17.3 |
Operating cash flows from finance leases |  | 2.2 |  |  | 6.8 |
Financing cash flows from finance leases |  | 3.8 |  |  | 10.7 |
Supplemental non-cash flow disclosure |  |  |  |
Acquisition of operating lease asset through lease obligations |  | 2.2 |  |  | 6.4 |
Summary Of Weighted-Average Lease Term And Discount Rate | The following is a summary of weighted-average lease term and discount rate at June 28, 2020:
|  | June 28, 2020
Weighted average remaining lease term |  |
Operating leases |  | 6.3 years
Finance leases |  | 15.6 years
Weighted average discount rate |  |
Operating leases |  | 4.62 | %
Finance leases |  | 5.60 | %
Schedule Of Future Lease Payments Under Operating And Finance Leases | At June 28, 2020, future lease payments under operating and finance leases were as follows:
(in millions) |  | Finance Leases |  | Operating Leases
2020 remaining balance |  | $ | 4.1 |  |  | $ | 6.4 |
2021 |  | 21.0 |  |  | 24.4 |
2022 |  | 17.7 |  |  | 19.7 |
2023 |  | 16.6 |  |  | 17.5 |
2024 |  | 16.3 |  |  | 11.2 |
Thereafter |  | 180.8 |  |  | 37.1 |
Total lease payments |  | 256.5 |  |  | 116.3 |
Amount representing interest |  | (95.4) |  |  | (16.8) |
Total minimum lease payments |  | $ | 161.1 |  |  | $ | 99.5 |
Schedule Of Minimum Commitments Under Leases | As of September 30, 2019, minimum commitments under the Company’s leases, as required under prior lease guidance, were as follows:
(in millions) |  | Finance Leases |  | Operating Leases
2020 |  | $ | 17.5 |  |  | $ | 25.0 |
2021 |  | 19.7 |  |  | 23.2 |
2022 |  | 16.5 |  |  | 20.6 |
2023 |  | 15.5 |  |  | 17.8 |
2024 |  | 15.4 |  |  | 10.8 |
Thereafter |  | 179.9 |  |  | 37.5 |
Total lease payments |  | 264.5 |  |  | 134.9 |
Amount representing interest |  | (98.9) |  |  | — |
Total minimum lease payments |  | $ | 165.6 |  |  | $ | 134.9 |

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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=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 + Details
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