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v3.23.3

Leases (Tables) | 9 Months Ended
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Sep. 30, 2023
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) | 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease expense: |  |  |  |  |  |  |
Operating lease cost | $ | 13.8 |  |  | $ | 14.2 |  |  | $ | 41.7 |  |  | $ | 43.1 |
Short-term lease cost | 0.1 |  |  | 0.1 |  |  | 0.3 |  |  | 0.3 |
Total operating lease expense included in other expense | $ | 13.9 |  |  | $ | 14.3 |  |  | $ | 42.0 |  |  | $ | 43.4 |
Finance lease expense: |  |  |  |  |  |  |
Interest expense | $ | 0.6 |  |  | $ | 0.7 |  |  | $ | 1.9 |  |  | $ | 2.1 |
Depreciation expense | 2.2 |  |  | 2.2 |  |  | 6.5 |  |  | 6.5 |
Total finance lease expense | $ | 2.8 |  |  | $ | 2.9 |  |  | $ | 8.4 |  |  | $ | 8.6 |
Sublease revenue included in other revenue | $ | 2.5 |  |  | $ | 2.7 |  |  | $ | 7.3 |  |  | $ | 8.2 |
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) | 2023 |  | 2022 |  | 2023 |  | 2022
Cash outflows for operating leases | $ | 16.9 |  |  | $ | 15.9 |  |  | $ | 50.6 |  |  | $ | 49.1 |
Cash outflows for finance leases | 4.3 |  |  | 4.3 |  |  | 12.9 |  |  | 12.8 |
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, 2023 |  | December 31, 2022
Operating lease right-of-use assets | $ | 282.5 |  |  | $ | 310.6 |
Operating lease liabilities: |  |  |
Other current liabilities | $ | 46.9 |  |  | $ | 49.9 |
Other liabilities | 351.3 |  |  | 383.5 |
Total operating lease liabilities | $ | 398.2 |  |  | $ | 433.4 |
Weighted average remaining lease term (in months) | 116 |  | 121
Weighted average discount rate | 3.8 | % |  | 3.8 | %
Finance leases
(in millions) | September 30, 2023 |  | December 31, 2022
Finance lease right-of-use assets | $ | 65.0 |  |  | $ | 71.5 |
Finance lease liabilities: |  |  |
Other current liabilities | $ | 8.3 |  |  | $ | 8.2 |
Other liabilities | 61.6 |  |  | 67.8 |
Total finance lease liabilities | $ | 69.9 |  |  | $ | 76.0 |
Weighted average remaining lease term (in months) | 90 |  | 99
Weighted average discount rate | 3.5 | % |  | 3.5 | %
Finance Lease, Liability, Fiscal Year Maturity |
(in millions) |  | Finance Leases
Remainder of 2023 |  | $ | 4.3 |
2024 |  | 17.4 |
2025 |  | 17.5 |
2026 |  | 17.6 |
2027 |  | 17.8 |
2028 |  | 17.9 |
Thereafter |  | 41.0 |
Total lease payments |  | 133.5 |
Less: imputed interest |  | (63.6) |
Present value of lease liability |  | $ | 69.9 |
Lessee, Operating Lease, Liability, Maturity | Future minimum lease payments were as follows as of September 30, 2023 for operating and finance leases:
(in millions) |  | Operating Leases
Remainder of 2023 |  | $ | 16.1 |
2024 |  | 60.7 |
2025 |  | 57.5 |
2026 |  | 52.9 |
2027 |  | 50.4 |
2028 |  | 49.6 |
Thereafter |  | 193.0 |
Total lease payments |  | 480.2 |
Less: imputed interest |  | (82.0) |
Present value of lease liability |  | $ | 398.2 |

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