XML 33 R24.htm IDEA: XBRL DOCUMENT v3.23.2

Leases (Tables)

6 Months Ended

Jun. 30, 2023

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)			2023						2022						2023						2022
Operating lease expense:
Operating lease cost			$	13.9					$	14.1					$	27.9					$	28.8
Short-term lease cost			0.1						0.1						0.2						0.2
Total operating lease expense included in other expense			$	14.0					$	14.2					$	28.1					$	29.0
Finance lease expense:
Interest expense			$	0.6					$	0.7					$	1.3					$	1.4
Depreciation expense			2.1						2.1						4.3						4.3
Total finance lease expense			$	2.7					$	2.8					$	5.6					$	5.7
Sublease revenue included in other revenue			$	2.4					$	2.8					$	4.8					$	5.5

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)			2023						2022						2023						2022
Cash outflows for operating leases			$	16.7					$	16.3					$	33.7					$	33.2
Cash outflows for finance leases			4.3						4.2						8.6						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, 2023						December 31, 2022
Operating lease right-of-use assets			$	291.1					$	310.6
Operating lease liabilities:
Other current liabilities			$	48.1					$	49.9
Other liabilities			365.8						383.5
Total operating lease liabilities			$	413.9					$	433.4
Weighted average remaining lease term (in months)			118						121
Weighted average discount rate			3.8		%				3.8		%

Finance leases

(in millions)			June 30, 2023						December 31, 2022
Finance lease right-of-use assets			$	67.2					$	71.5
Finance lease liabilities:
Other current liabilities			$	8.3					$	8.2
Other liabilities			63.6						67.8
Total finance lease liabilities			$	71.9					$	76.0
Weighted average remaining lease term (in months)			93						99
Weighted average discount rate			3.5		%				3.5		%

Finance Lease, Liability, Fiscal Year Maturity

(in millions)						Finance Leases
Remainder of 2023						$	8.6
2024						17.4
2025						17.5
2026						17.6
2027						17.8
2028						17.9
Thereafter						41.0
Total lease payments						137.8
Less: imputed interest						(65.9)
Present value of lease liability						$	71.9

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments were as follows as of June 30, 2023 for operating and finance leases:

(in millions)						Operating Leases
Remainder of 2023						$	32.8
2024						60.6
2025						57.5
2026						53.0
2027						50.5
2028						49.7
Thereafter						193.9
Total lease payments						498.0
Less: imputed interest						(84.1)
Present value of lease liability						$	413.9

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration