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Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease Cost Income statement presentation for these costs (when ultimately recognized on the income statement) is also included:
Year Ended December 31, (in millions)
Income Statement Classification20212020
Finance lease cost
Amortization of right-of-use assetsDepreciation and amortization$28.8 $23.4 
Interest on lease liabilitiesInterest expense, net9.4 11.1 
Total finance lease cost38.2 34.5 
Operating lease costOperation and maintenance15.6 20.3 
Total lease cost$53.8 $54.8 
Right-of-Use Assets and Liabilities
Our right-of-use assets and liabilities are presented in the following lines on the Consolidated Balance Sheets:
At December 31, (in millions)
Balance Sheet Classification20212020
Assets
Finance leasesNet Property, Plant and Equipment$165.7 $176.8 
Operating leasesDeferred charges and other33.8 39.9
Total leased assets199.5 216.7
Liabilities
Current
Finance leasesCurrent portion of long-term debt28.1 23.3
Operating leasesOther accruals6.7 10.3
Noncurrent
Finance leasesLong-term debt, excluding amounts due within one year157.5 171.7
Operating leasesOther noncurrent liabilities27.9 29.9
Total lease liabilities$220.2 $235.2 
Lease Information
Other pertinent information related to leases was as follows:
Year Ended December 31, (in millions)
20212020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases$9.4 $11.1 
Operating cash flows used for operating leases15.4 20.2
Financing cash flows used for finance leases25.7 18.4
Right-of-use assets obtained in exchange for lease obligations
Finance leases22.4 59.3
Operating leases$6.0 $10.9 
December 31, 2021December 31, 2020
Weighted-average remaining lease term (years)
Finance leases10.611.2
Operating leases8.58.0
Weighted-average discount rate
Finance leases5.0 %5.1 %
Operating leases3.7 %4.0 %
Lease Maturity
Maturities of our lease liabilities as of December 31, 2021 were as follows:
As of December 31, 2021, (in millions)
TotalFinance LeasesOperating Leases
2022$45.1 $37.2 $7.9 
202338.5 33.6 4.9 
202430.2 25.6 4.6 
202523.2 19.2 4.0 
202619.6 15.8 3.8 
Thereafter129.1 112.9 16.2 
Total lease payments285.7 244.3 41.4 
Less: Imputed interest(65.5)(58.7)(6.8)
Total
220.2 185.6 34.6 
Reported as of December 31, 2021
Short-term lease liabilities34.8 28.1 6.7 
Long-term lease liabilities185.4 157.5 27.9 
Total lease liabilities$220.2 $185.6 $34.6