LEASES
 3 Months Ended
Mar. 28, 2020
Leases [Abstract]  
Leases LEASESInformation regarding our operating and finance lease right-of-use (“ROU”) assets and liabilities, expense, cash flows and non-cash activities, future lease payments and key assumptions used in accounting for such leases, is noted in further detail below.
The components of operating and finance lease ROU assets and liabilities as of March 28, 2020 and December 31, 2019 were as follows:
March 28, 2020December 31, 2019Balance Sheet Caption in Which Balance is Reported
Finance lease ROU assets$0.4  $0.5  Property, plant and equipment, net
Operating lease ROU assets46.4  48.8  Other assets
Current portion of operating lease liabilities15.8  15.4  Accrued expenses
Current portion of finance lease liabilities0.1  0.1  Current maturities of long-term debt
Long-term finance lease liabilities0.5  0.5  Long-term debt
Long-term operating lease liabilities37.4  40.4  Other long-term liabilities
        The components of lease expense for the three months ended March 28, 2020 and March 30, 2019 were as follows:
Three months ended
March 28, 2020 (1)
March 30, 2019 (1)
Operating lease cost(2)
$4.8  $5.0  
Short-term lease cost(2)
0.5  0.3  
Variable lease cost(2)
0.1  0.4  
Total lease cost$5.4  $5.7  
(1)Finance lease costs, including amortization of finance lease ROU assets and interest on finance lease liabilities, were less than $0.1 individually, for the three months ended March 28, 2020 and March 30, 2019.
(2)Included in “Cost of products sold” and “Selling, general and administrative” in our condensed consolidated statements of operations.

The future lease payments under operating and finance leases with initial remaining terms in excess of one year as of March 28, 2020 were as follows:
Year Ending December 31,Operating leasesFinance leasesTotal
2020$13.0  $0.2  $13.2  
202112.3  0.2  12.5  
20228.8  0.1  8.9  
20236.9  0.1  7.0  
20246.0  0.1  6.1  
20253.6  —  3.6  
Thereafter9.9  —  9.9  
Total lease payments60.5  0.7  61.2  
Less: interest(7.3) (0.1) (7.4) 
Present value of lease liabilities$53.2  $0.6  $53.8  
Key assumptions used in accounting for our operating and finance leases as of March 28, 2020 and December 31, 2019 were as follows:
March 28, 2020December 31, 2019
Weighted-average remaining lease term (years):
Operating leases6.16.0
Finance leases4.34.3
Weighted-average discount rate:
Operating leases4.45 %4.49 %
Finance leases5.32 %5.32 %
        Cash flows and non-cash activities related to our operating and finance leases for the three months ended March 28, 2020 and March 30, 2019 were as follows:
Three months ended
March 28, 2020March 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases$4.3  $4.5  
Operating cash flows paid for finance leases—  —  
Financing cash flows paid for finance leases—  —  
Non-cash activities:
Operating lease ROU assets obtained in exchange for new operating lease liabilities1.9  1.4  
Finance lease ROU assets obtained in exchange for new finance lease liabilities—  0.3  
Leases LEASESInformation regarding our operating and finance lease right-of-use (“ROU”) assets and liabilities, expense, cash flows and non-cash activities, future lease payments and key assumptions used in accounting for such leases, is noted in further detail below.
The components of operating and finance lease ROU assets and liabilities as of March 28, 2020 and December 31, 2019 were as follows:
March 28, 2020December 31, 2019Balance Sheet Caption in Which Balance is Reported
Finance lease ROU assets$0.4  $0.5  Property, plant and equipment, net
Operating lease ROU assets46.4  48.8  Other assets
Current portion of operating lease liabilities15.8  15.4  Accrued expenses
Current portion of finance lease liabilities0.1  0.1  Current maturities of long-term debt
Long-term finance lease liabilities0.5  0.5  Long-term debt
Long-term operating lease liabilities37.4  40.4  Other long-term liabilities
        The components of lease expense for the three months ended March 28, 2020 and March 30, 2019 were as follows:
Three months ended
March 28, 2020 (1)
March 30, 2019 (1)
Operating lease cost(2)
$4.8  $5.0  
Short-term lease cost(2)
0.5  0.3  
Variable lease cost(2)
0.1  0.4  
Total lease cost$5.4  $5.7  
(1)Finance lease costs, including amortization of finance lease ROU assets and interest on finance lease liabilities, were less than $0.1 individually, for the three months ended March 28, 2020 and March 30, 2019.
(2)Included in “Cost of products sold” and “Selling, general and administrative” in our condensed consolidated statements of operations.

The future lease payments under operating and finance leases with initial remaining terms in excess of one year as of March 28, 2020 were as follows:
Year Ending December 31,Operating leasesFinance leasesTotal
2020$13.0  $0.2  $13.2  
202112.3  0.2  12.5  
20228.8  0.1  8.9  
20236.9  0.1  7.0  
20246.0  0.1  6.1  
20253.6  —  3.6  
Thereafter9.9  —  9.9  
Total lease payments60.5  0.7  61.2  
Less: interest(7.3) (0.1) (7.4) 
Present value of lease liabilities$53.2  $0.6  $53.8  
Key assumptions used in accounting for our operating and finance leases as of March 28, 2020 and December 31, 2019 were as follows:
March 28, 2020December 31, 2019
Weighted-average remaining lease term (years):
Operating leases6.16.0
Finance leases4.34.3
Weighted-average discount rate:
Operating leases4.45 %4.49 %
Finance leases5.32 %5.32 %
        Cash flows and non-cash activities related to our operating and finance leases for the three months ended March 28, 2020 and March 30, 2019 were as follows:
Three months ended
March 28, 2020March 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases$4.3  $4.5  
Operating cash flows paid for finance leases—  —  
Financing cash flows paid for finance leases—  —  
Non-cash activities:
Operating lease ROU assets obtained in exchange for new operating lease liabilities1.9  1.4  
Finance lease ROU assets obtained in exchange for new finance lease liabilities—  0.3