XML 63 R46.htm IDEA: XBRL DOCUMENT

Leases (Tables)

12 Months Ended

Jan. 03, 2021

The components of lease expense were as follows (in millions of dollars):


		December Year to Date		December Year to Date
Description	Statements of Earnings Location	2020		2019
Operating:
Operating lease cost	Selling, general and administrative expenses	$	27.0	$	26.7
Short-term lease cost	Selling, general and administrative expenses	3.6		3.5
Variable lease cost	Selling, general and administrative expenses	6.8		6.7
Financing:
Amortization of ROU assets	Selling, general and administrative expenses	1.3		0.4
Interest on lease liabilities	Other income (expense), net	0.4		0.2
Total lease cost		$	39.1	$	37.5

Supplemental consolidated balance sheet information related to leases was as follows (in millions of dollars):


Description	Balance Sheet Location	As of Year-End 2020		As of Year-End 2019
ROU Assets:
Operating	Operating lease right-of-use assets	$	83.2	$	60.4
Financing	Property and equipment	7.0		4.1
Total lease assets		$	90.2	$	64.5

ROU Liabilities:
Operating - current	Operating lease liabilities, current	$	19.6	$	20.1
Financing - current	Accounts payable and accrued liabilities	1.8		1.3
Operating - noncurrent	Operating lease liabilities, noncurrent	67.5		43.3
Financing - noncurrent	Other long-term liabilities	2.8		2.1
Total lease liabilities		$	91.7	$	66.8

Weighted average remaining lease terms and discount rates were as follows:


	December Year to Date		December Year to Date
	2020		2019
Weighted average remaining lease term (years):
Operating leases	8.1		3.9
Financing leases	3.3		3.6
Weighted average discount rate:
Operating leases	5.1	%	5.7	%
Financing leases	5.4	%	4.9	%

Other information related to leases was as follows (in millions of dollars):


	December Year to Date		December Year to Date
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	25.4	$	26.0
Financing cash flows from financing leases	2.0		0.7

ROU assets obtained in exchange for new lease obligations:
Operating leases	$	43.3	$	9.2
Financing leases	3.1		4.1

Maturities of lease liabilities as of year-end 2020 were as follows (in millions of dollars):

Maturities of lease liabilities as of year-end 2020 were as follows (in millions of dollars):