XML 71 R51.htm IDEA: XBRL DOCUMENT

LEASES (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of supplemental balance sheet

The following table presents the supplemental balance sheet information related to leases as of June 30, 2022 and December 31, 2021, respectively (in millions):


	June 30,			December 31,
	2022			2021
Operating lease right of use assets	$	124.8		$	110.1
Total leased assets	$	124.8		$	110.1

Accrued liabilities	$	19.9		$	15.6
Non-current operating lease liabilities		139.4			129.2
Total leased liabilities	$	159.3		$	144.8

Schedule of lease cost and other information

The following table presents operating lease costs and other information as of and for the three and six months ended June 30, 2022 and 2021, respectively (in millions, except as stated):


	Three Months Ended June 30,								Six Months Ended June 30,
	2022				2021				2022				2021
Operating lease costs (1)	$	7.8			$	6.3			$	15.2			$	12.5

Lease term and discount rate information:
Weighted average remaining lease term (years)										10.3				11.5
Weighted average discount rate										3.1	%			3.3	%

Supplemental cash flow information and non-cash activity:
Cash paid for amounts included in the measurement of lease liabilities	$	5.5			$	8.6			$	10.8			$	12.7
Right of use assets obtained in exchange for lease liabilities		6.8				9.7				21.6				10.7

(1)	Includes short-term lease and variable lease costs, which are immaterial.

Schedule of maturities of lease liabilities

The maturities of the lease liabilities are as follows as of June 30, 2022 (in millions):


		June 30,
		2022
Remainder of 2022		$	10.5
2023			22.7
2024			17.3
2025			15.9
2026			17.2
After 2026			104.9
Total lease payments (1)		$	188.5
Less: Interest			(29.2)
Present value of lease liabilities		$	159.3

(1)	Total lease payments include $20.4 million related to options to extend lease terms that are reasonably certain of being exercised.