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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Description of Operating Lease
The following table presents supplemental operating lease information for operating leases that have commenced.
Year Ended December 31,
(in millions, except weighted average data)202320222021
Operating lease cost$17.1 $16.3 $15.3 
Sublease income(0.7)— — 
Net operating lease cost$16.4 $16.3 $15.3 
Cash paid for amounts included in the measurement of operating lease liabilities$17.9 $16.9 $12.6 
December 31,
2023
December 31,
2022
Weighted average remaining lease term
10.8 years7.9 years
Weighted average discount rate5.1 %5.3 %
Restricted cash related to letters of credit issued in lieu of cash security deposits$7.8 $7.8 
Schedule of Operating Lease Liability Maturity
The following table presents approximate future non-cancelable minimum lease payments under operating leases and sublease income as of December 31, 2023.
(in millions)
Operating
Leases (1)
Sublease
Income
Year ending December 31, 2024
$33.0 $(1.7)
Year ending December 31, 2025
34.7 (1.7)
Year ending December 31, 2026
34.0 (1.7)
Year ending December 31, 2027
34.8 (1.7)
Year ending December 31, 2028
35.6 (1.7)
Thereafter211.4 (4.3)
Total operating lease payments (sublease income)
383.5 $(12.8)
Less accreted interest93.2 
Total operating lease liabilities290.3 
Less current operating lease liabilities included in other current liabilities32.0 
Noncurrent operating lease liabilities$258.3 
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(1) Amounts presented in the table above exclude $15.4 million for 2025, $23.6 million for 2026, $24.3 million for 2027, $25.1 million for 2028 and $223.5 million thereafter of approximate non-cancelable future minimum lease payments under operating leases that have not yet commenced.