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v3.22.2

Leases (Tables) | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Lease, Cost [Table Text Block] | The components of lease costs were as follows:
| Quarter Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Operating lease expense: |  |  |  |  |  |  |
Operating lease cost | $ | 14.1 |  |  | $ | 16.3 |  |  | $ | 28.8 |  |  | $ | 33.1 |
Short-term lease cost | 0.1 |  |  | 0.2 |  |  | 0.2 |  |  | 0.4 |
Total operating lease expense included in other expense | $ | 14.2 |  |  | $ | 16.5 |  |  | $ | 29.0 |  |  | $ | 33.5 |
Finance lease expense: |  |  |  |  |  |  |
Interest expense | $ | 0.7 |  |  | $ | 0.8 |  |  | $ | 1.4 |  |  | $ | 1.6 |
Depreciation expense | 2.1 |  |  | 2.1 |  |  | 4.3 |  |  | 4.3 |
Total finance lease expense | $ | 2.8 |  |  | $ | 2.9 |  |  | $ | 5.7 |  |  | $ | 5.9 |
Sublease revenue included in other revenue | $ | 2.8 |  |  | $ | 2.4 |  |  | $ | 5.5 |  |  | $ | 4.9 |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Supplemental cash flow information related to leases was as follows:
| Quarter Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Cash outflows for operating leases | $ | 16.3 |  |  | $ | 14.8 |  |  | $ | 33.2 |  |  | $ | 30.1 |
Cash outflows for finance leases | 4.2 |  |  | 4.3 |  |  | 8.5 |  |  | 8.5 |
Schedule of Amounts Recognized in Balance Sheet [Table Text Block] | Supplemental balance sheet information related to leases was as follows: Operating leases
(in millions) | June 30, 2022 |  | December 31, 2021
Operating lease right-of-use assets | $ | 329.9 |  |  | $ | 345.3 |
Operating lease liabilities: |  |  |
Other current liabilities | $ | 48.5 |  |  | $ | 47.3 |
Other liabilities | 408.9 |  |  | 449.4 |
Total operating lease liabilities | $ | 457.4 |  |  | $ | 496.7 |
Weighted average remaining lease term (in months) | 127 |  | 132
Weighted average discount rate | 3.8 | % |  | 3.9 | %
Finance leases
(in millions) | June 30, 2022 |  | December 31, 2021
Finance lease right-of-use assets | $ | 75.8 |  |  | $ | 80.2 |
Finance lease liabilities: |  |  |
Other current liabilities | $ | 8.1 |  |  | $ | 7.9 |
Other liabilities | 71.9 |  |  | 75.9 |
Total finance lease liabilities | $ | 80.0 |  |  | $ | 83.8 |
Weighted average remaining lease term (in months) | 105 |  | 111
Weighted average discount rate | 3.5 | % |  | 3.5 | %
Finance Lease, Liability, Fiscal Year Maturity |
(in millions) |  | Finance Leases
Remainder of 2022 |  | $ | 8.6 |
2023 |  | 17.2 |
2024 |  | 17.4 |
2025 |  | 17.5 |
2026 |  | 17.6 |
2027 |  | 17.8 |
Thereafter |  | 58.9 |
Total lease payments |  | 155.0 |
Less: imputed interest |  | (75.0) |
Present value of lease liability |  | $ | 80.0 |
Lessee, Operating Lease, Liability, Maturity | Future minimum lease payments were as follows as of June 30, 2022 for operating and finance leases:
(in millions) |  | Operating Leases
Remainder of 2022 |  | $ | 32.5 |
2023 |  | 65.7 |
2024 |  | 60.0 |
2025 |  | 57.1 |
2026 |  | 52.8 |
2027 |  | 50.5 |
Thereafter |  | 243.9 |
Total lease payments |  | 562.5 |
Less: imputed interest |  | (105.1) |
Present value of lease liability |  | $ | 457.4 |

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