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Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Leases | Leases The Company has operating leases primarily for real estate, data centers and equipment. Remaining lease terms are up to 12 years. Supplemental Consolidated Balance Sheets information related to the Company’s operating leases is as follows:
|  |  |  | December 31,
Lease |  | Balance Sheet Presentation |  | 2023 |  | 2022
Operating lease right-of-use asset |  | Operating lease right-of-use assets |  | $ | 128.8 |  |  | $ | 149.2 |
Current operating lease liabilities |  | Accrued expenses and other current liabilities - Other |  | $ | 34.0 |  |  | $ | 31.9 |
Long-term operating lease liabilities |  | Long-term liabilities - Operating lease liabilities |  | 164.0 |  |  | 175.2 |
Total lease liabilities |  |  |  | $ | 198.0 |  |  | $ | 207.1 |
|  |  |  | December 31,
Lease term and discount rate |  | 2023 |  | 2022
Weighted average remaining lease term (years) |  | 8.0 |  | 8.4
Weighted average discount rate |  | 4.03 | % |  | 3.86 | %
Operating lease expense for the years ended December 31, 2023, 2022 and 2021 was $62 million, $62 million and $50 million, respectively. During the year ended December 31, 2023, the Company initiated workplace optimization activities, which included the reduction of its real estate portfolio. As a result of the workplace optimization, the Company recognized an impairment charge of $13 million during the year ended December 31, 2023, which is presented in Selling and administrative expenses in the Consolidated Statements of Operations. Maturities of operating lease liabilities are as follows:
|  | December 31, 2023
2024 |  | $ | 41.4 |
2025 |  | 37.9 |
2026 |  | 31.3 |
2027 |  | 23.8 |
2028 |  | 19.0 |
Thereafter |  | 84.4 |
Total lease payments |  | $ | 237.8 |
Less: Interest |  | (36.4) |
Less: Lease Incentives(1) |  | (3.4) |
Present value of lease liabilities |  | $ | 198.0 |
(1)Includes lease incentives that will be realized in 2024. Supplemental cash flow information related to operating leases is as follows:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 41.7 |  |  | $ | 42.8 |  |  | $ | 35.9 |
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |  |
Operating leases |  | $ | 24.6 |  |  | $ | 43.6 |  |  | $ | 49.8 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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