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Leases (Tables)

3 Months Ended

Mar. 31, 2023

Lessee Disclosure [Abstract]

Schedule of Lease, Cost

Supplemental balance sheet information related to leases as of March 31, 2023 and December 31, 2022 was as follows:

			Balance Sheet Caption						March 31, 2023						December 31, 2022
Right-of-Use (“ROU”) Assets:
Building ROU assets - net - operating			Other noncurrent assets						$	108.3					$	104.4
Equipment ROU assets - net - operating			Other noncurrent assets						5.2						5.6
Equipment ROU assets - net - financing			Property, plant and equipment						5.9						6.1
Total ROU assets - net									$	119.4					$	116.1
Lease Liabilities:
Current lease liabilities			Accrued expenses						$	21.9					$	21.6
Noncurrent lease liabilities			Other noncurrent liabilities						99.3						96.6
Total lease liabilities									$	121.2					$	118.2

The components of lease cost for the three months ended March 31, 2023 and 2022 were as follows:

			Three Months Ended March 31,
			2023						2022
Fixed lease cost (1)			$	8.2					$	7.4
Variable lease cost			0.7						0.4
Total lease cost			$	8.9					$	7.8

(1) Includes short-term leases, which are immaterial.

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information related to leases for the three months ended March 31, 2023 and 2022 was as follows:

			Three Months Ended March 31,
			2023						2022
Cash paid for amounts included in the measurement of lease liabilities			$	8.4					$	7.4
Right-of-use assets obtained in exchange for new lease liabilities			9.0						8.3

Other supplemental information related to leases as of March 31, 2023 and December 31, 2022 was as follows:

Lease Term and Discount Rate			March 31, 2023						December 31, 2022
Weighted-average remaining lease term (years):
Operating leases - building and equipment			7.39						7.43
Operating leases - vehicles			2.20						2.14
Financing leases - equipment			2.26						2.05
Weighted-average discount rate:
Operating leases - building and equipment			3.56		%				3.41		%
Operating leases - vehicles			2.29		%				1.70		%
Financing leases - equipment			4.16		%				4.48		%

Schedule of Operating Lease, Liability, Maturity

Total lease liabilities at March 31, 2023 have scheduled maturities as follows:

Maturity of Lease Liabilities						Operating Leases
2023 (excluding the three months ended March 31, 2023)						$	19.3
2024						19.7
2025						22.5
2026						17.8
2027						14.2
Thereafter						48.2
Total lease payments						141.7
Less: Imputed interest						(20.5)
Present value of lease liabilities						$	121.2

X

- 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

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- References

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X

- 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

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- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

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