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LEASES (Tables)

12 Months Ended

Dec. 31, 2022

LEASES

Schedule of Lease Liabilities

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​		December 31,			December 31,
​	​	2022		​	2021
Current portion of lease liabilities(a)	​	$	24.5	​	$	19.7
Long-term lease liabilities	​		23.1	​		35.1
​	​	$	47.6	​	$	54.8

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(a) See Note 7ix.

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The Company has a number of lease agreements involving office space, buildings, vehicles and equipment. Many of the leases for equipment provide that the Company may, after the initial lease term, renew the lease for successive yearly periods or may purchase the

equipment. Leases for certain office facilities contain escalation clauses for increases in operating costs and property taxes. A majority of these leases are cancelable and are renewable on a yearly basis.

Summary of undiscounted lease liability and lease payments expensed

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2023

2024-2027

2028+

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Total

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Within 1 year

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1 to 5 years

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More than 5 years

Lease liabilities

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$

53.2

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$

26.3

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$

19.4

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$

7.5

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​	​	​	​	​	​	​
​		December 31,			December 31,
​	​	2022		​	2021
Leases with a term of 12 months or less	​	$	3.1		$	6.5
Leases of low-value assets	​		0.2			0.3
Leases with variable lease payments	​		41.4			36.5
​	​	$	44.7	​	$	43.3

X

- Definition

The disclosure of additional information about leasing activities of a lessee.

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