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Leases (Tables) | 3 Months Ended
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Mar. 31, 2022
Leases [Abstract] |
Summary of Operating Lease Expense, Cash Flow Information, And Weighted Average Remaining Lease Terms and Discount Rates | Operating lease expenses are recorded in "Cost of sales" and "Selling, general and administrative expenses" on the Unaudited Condensed Consolidated Statements of Earnings (Loss). Refer to the below table for a summary of these lease expenses:
|  |  |  |  | Three months ended March 31, 2022 |  | Three months ended March 31, 2021
Operating lease cost |  |  |  |  | $ | 14.0 |  |  | $ | 13.7 |
Short-term and variable lease cost |  |  |  |  | 6.8 |  |  | 5.2 |
Total lease cost |  |  |  |  | $ | 20.8 |  |  | $ | 18.9 |
Supplemental cash flow information related to operating leases is as follows:
| Three months ended March 31, 2022 |  | Three months ended March 31, 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash outflows - Payments on operating leases | $ | 14.3 |  |  | $ | 13.7 |
Right-of-use assets obtained in exchange for new lease obligations: |  |  |
Operating leases | $ | 11.7 |  |  | $ | 10.2 |
Weighted average remaining lease terms and discount rates for operating leases are as follows:
| March 31, 2022 |  | December 31, 2021
Weighted Average Remaining Lease Term | 5.6 years |  | 5.5 years
Weighted Average Discount Rate | 5.3 | % |  | 5.2 | %
Supplemental Balance Sheet Information Related to Operating Leases | Supplemental balance sheet information related to operating leases is as follows:
| Financial statement line item | March 31, 2022 |  | December 31, 2021
Operating lease right-of-use assets | Other assets | $ | 152.8 |  |  | $ | 152.9 |
Operating lease liabilities | Accrued expenses and other liabilities | $ | 44.0 |  |  | $ | 42.1 |
Operating lease liabilities | Other long-term liabilities | 112.8 |  |  | 113.6 |
Total lease liabilities |  | $ | 156.8 |  |  | $ | 155.7 |
Summary of Maturities of Lease Liabilities | Maturities of lease liabilities are as follows:
| March 31, 2022 |  | December 31, 2021 |  |
| Operating Leases |  |
2022 | $ | 38.4 |  |  | $ | 50.5 |  |  |
2023 | 44.3 |  |  | 41.5 |  |  |
2024 | 32.7 |  |  | 30.0 |  |  |
2025 | 20.6 |  |  | 18.7 |  |  |
2026 | 11.6 |  |  | 10.3 |  |  |
Thereafter | 37.2 |  |  | 32.3 |  |  |
Total Lease Payments | 184.8 |  |  | 183.3 |  |  |
Less: Imputed Interest | (28.0) |  |  | (27.6) |  |  |
Present value of lease liabilities | $ | 156.8 |  |  | $ | 155.7 |  |  |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition Assets And Liabilities, Lessee + References No definition available. + Details
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