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Leases (Tables)

12 Months Ended

Jan. 01, 2023

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


		December Year to Date
Description	Statements of Earnings Location	2022		2021		2020
Operating:
Operating lease cost	Selling, general and administrative expenses	$	22.8	$	25.8	$	27.0
Short-term lease cost	Selling, general and administrative expenses	2.4		2.6		3.6
Variable lease cost	Selling, general and administrative expenses	5.2		5.7		6.8
Financing:
Amortization of ROU assets	Selling, general and administrative expenses	0.6		1.4		1.3
Interest on lease liabilities	Other income (expense), net	0.1		0.2		0.4
Total lease cost		$	31.1	$	35.7	$	39.1

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


Description	Balance Sheet Location	As of Year-End 2022		As of Year-End 2021
ROU Assets:
Operating	Operating lease right-of-use assets	$	66.8	$	75.8
Financing	Property and equipment	5.0		6.3
Total lease assets		$	71.8	$	82.1

ROU Liabilities:
Operating - current	Operating lease liabilities, current	$	14.7	$	17.5
Financing - current	Accounts payable and accrued liabilities	1.2		1.9
Operating - noncurrent	Operating lease liabilities, noncurrent	55.0		61.4
Financing - noncurrent	Other long-term liabilities	—		1.2
Total lease liabilities		$	70.9	$	82.0

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


	December Year to Date
	2022		2021
Weighted average remaining lease term (years):
Operating leases	7.9		8.1
Financing leases	1.3		2.1
Weighted average discount rate:
Operating leases	5.1	%	4.9	%
Financing leases	5.4	%	5.3	%

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


	December Year to Date
	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	22.4	$	26.1	$	25.4
Financing cash flows from financing leases	1.4		1.5		2.0

ROU assets obtained in exchange for new lease obligations:
Operating leases	$	10.7	$	14.9	$	43.3
Financing leases	—		—		3.1

Maturities of lease liabilities as of year-end 2022 are as follows (in millions of dollars):

Maturities of lease liabilities as of year-end 2022 are as follows (in millions of dollars):