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v3.22.2.2

Leases (Tables) | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Lease, Cost [Table Text Block] | The components of lease costs were as follows:
| Quarter Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Operating lease expense: |  |  |  |  |  |  |
Operating lease cost | $ | 14.2 |  |  | $ | 15.6 |  |  | $ | 43.1 |  |  | $ | 48.7 |
Short-term lease cost | 0.1 |  |  | 0.2 |  |  | 0.3 |  |  | 0.6 |
Total operating lease expense included in other expense | $ | 14.3 |  |  | $ | 15.8 |  |  | $ | 43.4 |  |  | $ | 49.3 |
Finance lease expense: |  |  |  |  |  |  |
Interest expense | $ | 0.7 |  |  | $ | 0.7 |  |  | $ | 2.1 |  |  | $ | 2.3 |
Depreciation expense | 2.2 |  |  | 2.2 |  |  | 6.5 |  |  | 6.5 |
Total finance lease expense | $ | 2.9 |  |  | $ | 2.9 |  |  | $ | 8.6 |  |  | $ | 8.8 |
Sublease revenue included in other revenue | $ | 2.7 |  |  | $ | 2.8 |  |  | $ | 8.2 |  |  | $ | 7.7 |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Supplemental cash flow information related to leases was as follows:
| Quarter Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Cash outflows for operating leases | $ | 15.9 |  |  | $ | 17.2 |  |  | $ | 49.1 |  |  | $ | 47.3 |
Cash outflows for finance leases | 4.3 |  |  | 4.2 |  |  | 12.8 |  |  | 12.7 |
Schedule of Amounts Recognized in Balance Sheet [Table Text Block] | Supplemental balance sheet information related to leases was as follows: Operating leases
(in millions) | September 30, 2022 |  | December 31, 2021
Operating lease right-of-use assets | $ | 322.0 |  |  | $ | 345.3 |
Operating lease liabilities: |  |  |
Other current liabilities | $ | 49.4 |  |  | $ | 47.3 |
Other liabilities | 386.6 |  |  | 449.4 |
Total operating lease liabilities | $ | 436.0 |  |  | $ | 496.7 |
Weighted average remaining lease term (in months) | 123 |  | 132
Weighted average discount rate | 3.8 | % |  | 3.9 | %
Finance leases
(in millions) | September 30, 2022 |  | December 31, 2021
Finance lease right-of-use assets | $ | 73.7 |  |  | $ | 80.2 |
Finance lease liabilities: |  |  |
Other current liabilities | $ | 8.1 |  |  | $ | 7.9 |
Other liabilities | 69.9 |  |  | 75.9 |
Total finance lease liabilities | $ | 78.0 |  |  | $ | 83.8 |
Weighted average remaining lease term (in months) | 102 |  | 111
Weighted average discount rate | 3.5 | % |  | 3.5 | %
Finance Lease, Liability, Fiscal Year Maturity |
(in millions) |  | Finance Leases
Remainder of 2022 |  | $ | 4.3 |
2023 |  | 17.2 |
2024 |  | 17.4 |
2025 |  | 17.5 |
2026 |  | 17.6 |
2027 |  | 17.8 |
Thereafter |  | 58.9 |
Total lease payments |  | 150.7 |
Less: imputed interest |  | (72.7) |
Present value of lease liability |  | $ | 78.0 |
Lessee, Operating Lease, Liability, Maturity | Future minimum lease payments were as follows as of September 30, 2022 for operating and finance leases:
(in millions) |  | Operating Leases
Remainder of 2022 |  | $ | 16.4 |
2023 |  | 66.0 |
2024 |  | 60.3 |
2025 |  | 57.1 |
2026 |  | 52.5 |
2027 |  | 50.2 |
Thereafter |  | 240.4 |
Total lease payments |  | 542.9 |
Less: imputed interest |  | (106.9) |
Present value of lease liability |  | $ | 436.0 |

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