XML 66 R50.htm IDEA: XBRL DOCUMENT

LEASES (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of supplemental balance sheet information related to leases

The following table presents the supplemental balance sheet information related to leases as of September 30, 2023 and December 31, 2022, respectively (in millions):


	September 30,			December 31,
	2023			2022
Operating lease right of use assets	$	111.9		$	111.7
Total leased assets	$	111.9		$	111.7

Current operating lease liabilities (1)	$	17.9		$	18.3
Non-current operating lease liabilities		129.0			129.3
Total leased liabilities	$	146.9		$	147.6

(1)	These amounts are reflected within accounts payable and accrued liabilities in the condensed consolidated balance sheets.

Schedule of lease cost and other information

The following table presents operating lease costs and other information as of and for the three and nine months ended September 30, 2023 and 2022, respectively (in millions, except as stated):


	Three Months Ended September 30,								Nine Months Ended September 30,
	2023				2022				2023				2022
Operating lease costs (1)	$	9.3			$	7.6			$	26.8			$	22.8

Lease term and discount rate information:
Weighted average remaining lease term (years)										9.4				10.4
Weighted average discount rate										3.2	%			3.1	%

Supplemental cash flow information and non-cash activity:
Cash paid for amounts included in the measurement of lease liabilities	$	5.4			$	5.0			$	18.4			$	15.8
Right of use assets obtained in exchange for lease liabilities		11.7				0.9				14.8				22.5

(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 September 30, 2023 (in millions):


		September 30,
		2023
Remainder of 2023		$	6.0
2024			20.6
2025			19.8
2026			20.6
2027			17.4
After 2027			91.1
Total lease payments (1)		$	175.5
Less: Interest			(28.6)
Present value of lease liabilities		$	146.9

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