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Leases (Tables) | 12 Months Ended
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Dec. 31, 2022
Lessee Disclosure [Abstract] |
Schedule of Lease, Cost | Supplemental balance sheet information related to leases as of December 31, 2022 and 2021 was as follows:
| Balance Sheet Caption |  | December 31, 2022 |  | December 31, 2021
|  |  | (In millions)
Right-of-Use (“ROU”) Assets: |  |  |  |  |
Building ROU assets - net - operating | Other noncurrent assets |  | $ | 104.4 |  |  | $ | 101.0 |
Equipment ROU assets - net - operating | Other noncurrent assets |  | 5.6 |  |  | 6.2 |
Equipment ROU assets - net - financing | Property, plant and equipment - net |  | 6.1 |  |  | — |
Total ROU assets - net |  |  | $ | 116.1 |  |  | $ | 107.2 |
Lease Liabilities: |  |  |  |  |
Current lease liabilities | Accrued expenses |  | $ | 21.6 |  |  | $ | 17.6 |
Noncurrent lease liabilities | Other noncurrent liabilities |  | 96.6 |  |  | 93.4 |
Total lease liabilities |  |  | $ | 118.2 |  |  | $ | 111.0 |
Refer to Note 15 for discussion on impairment of building right-of-use assets. The components of lease cost for the years ended December 31, 2022, 2021 and 2020 were as follows:
| 2022 |  | 2021 |  | 2020
| (In millions)
Fixed lease cost (1) | $ | 30.8 |  |  | $ | 31.5 |  |  | $ | 29.5 |
Variable lease cost | 2.3 |  |  | 2.3 |  |  | 1.9 |
Total lease expense | $ | 33.1 |  |  | $ | 33.8 |  |  | $ | 31.4 |
(1) Includes short-term leases, which are immaterial.
Schedule of Cash Flow, Supplemental Disclosures | Supplemental cash flow information related to leases for the years ended December 31, 2022, 2021 and 2020 was as follows:
| 2022 |  | 2021 |  | 2020
| (In millions)
Cash paid for amounts included in the measurement of lease liabilities | $ | 31.7 |  |  | $ | 31.2 |  |  | $ | 28.7 |
Right-of-use assets obtained in exchange for new lease liabilities | 19.0 |  |  | 16.0 |  |  | 40.4 |
Other supplemental information related to leases as of December 31, 2022 and 2021 was as follows:
Lease Term and Discount Rate | December 31, 2022 |  | December 31, 2021 |  |
Weighted-average remaining lease term (years): |  |  |  |  |
Operating leases - building and equipment | 7.43 |  | 8.50 |  |
Operating leases - vehicles | 2.14 |  | 2.34 |  |
Financing leases - equipment | 2.05 |  | — |  |
Weighted-average discount rate: |  |  |  |  |
Operating leases - building and equipment | 3.41 | % |  | 3.27 | % |  |
Operating leases - vehicles | 1.70 | % |  | 1.08 | % |  |
Financing leases - equipment | 4.48 | % |  | — |  |
Schedule of Operating Lease, Liability, Maturity | Total lease liabilities at December 31, 2022 have scheduled maturities as follows:
Maturity of Lease Liabilities |  |
|  | (In millions)
2023 |  | $ | 24.4 |
2024 |  | 21.7 |
2025 |  | 19.9 |
2026 |  | 15.6 |
2027 |  | 12.7 |
Thereafter |  | 40.1 |
Total lease payments |  | 134.4 |
Less: Imputed interest |  | (16.2) |
Present value of lease liabilities |  | $ | 118.2 |
Total lease liabilities at December 31, 2021 had scheduled maturities as follows:
Maturity of Lease Liabilities |  |
|  | (In millions)
2022 |  | $ | 20.1 |
2023 |  | 18.3 |
2024 |  | 15.6 |
2025 |  | 13.3 |
2026 |  | 12.0 |
Thereafter |  | 48.3 |
Total lease payments |  | 127.6 |
Less: Imputed interest |  | (16.6) |
Present value of lease liabilities |  | $ | 111.0 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
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