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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Summary of Components of Lease Cost | The components of lease cost are as follows:
years ended December 31 (in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |
Operating lease cost |  | $ | 76.5 |  |  | $ | 73.1 |  |  | $ | 72.9 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 21.2 |  |  |  | 18.3 |  |  |  | 14.3 |
Interest on lease liabilities |  |  | 4.8 |  |  |  | 4.4 |  |  |  | 3.5 |
Variable lease cost |  |  | 18.5 |  |  |  | 16.5 |  |  |  | 17.9 |
Short-term lease cost |  |  | 46.2 |  |  |  | 45.2 |  |  |  | 32.3 |
Total lease cost |  | $ | 167.2 |  |  | $ | 157.5 |  |  | $ | 140.9 |
Summary of Balance Sheet Classifications of Operating and Finance Leases | The balance sheet classifications of operating and finance leases are as follows:
December 31 (in millions) |  | 2023 |  |  | 2022 |
Operating leases: |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 371.6 |  |  | $ | 383.5 |
Current operating lease liabilities |  | $ | 53.3 |  |  | $ | 52.1 |
Noncurrent operating lease liabilities |  |  | 326.7 |  |  |  | 335.9 |
Total operating lease liabilities |  | $ | 380.0 |  |  | $ | 388.0 |
Finance leases: |  |  |  |  |  |
Property, plant and equipment |  | $ | 253.5 |  |  | $ | 236.9 |
Accumulated depreciation |  |  | (58.8 | ) |  |  | (39.4 | )
Property, plant and equipment, net |  | $ | 194.7 |  |  | $ | 197.5 |
Other current liabilities |  | $ | 20.1 |  |  | $ | 17.8 |
Other noncurrent liabilities |  |  | 179.5 |  |  |  | 182.1 |
Total finance lease liabilities |  | $ | 199.6 |  |  | $ | 199.9 |
Summary of Weighted-average Remaining Lease Terms and Discount Rates | Weighted-average remaining lease terms and discount rates are as follows:
December 31 |  | 2023 |  | 2022
Weighted-average remaining lease terms (years): |  |  |  |
Operating leases | 11.7 | 12.2
Finance leases | 18.3 | 19.1
Weighted-average discount rates: |  |  |  |
Operating leases | 4.3% | 4.0%
Finance leases | 2.6% | 2.3%
Summary of Future Lease Payments | Future lease payments as of December 31, 2023 are as follows:
|  | Operating |  |  | Finance |
(in millions) |  | Leases |  |  | Leases |
2024 |  | $ | 69.1 |  |  | $ | 25.0 |
2025 |  |  | 60.8 |  |  |  | 21.1 |
2026 |  |  | 52.2 |  |  |  | 13.9 |
2027 |  |  | 42.1 |  |  |  | 12.8 |
2028 |  |  | 36.4 |  |  |  | 12.0 |
Thereafter |  |  | 254.3 |  |  |  | 171.5 |
Total lease payments |  |  | 514.9 |  |  |  | 256.3 |
Less: imputed interest |  |  | (119.4 | ) |  |  | (55.9 | )
Present value of lease payments |  |  | 395.5 |  |  |  | 200.4 |
Less: leases classified as held for sale |  |  | (15.5 | ) |  |  | (0.8 | )
Less: current lease obligations |  |  | (53.3 | ) |  |  | (20.1 | )
Total long-term lease obligations |  | $ | 326.7 |  |  | $ | 179.5 |

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- Definition Schedule of future minimum rental payments for operating and financing leases. + References No definition available. + Details
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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 -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
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