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Leases (Tables) | 6 Months Ended
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Jun. 30, 2023
Lessee Disclosure [Abstract] |
Schedule of Lease, Cost | Supplemental balance sheet information related to leases as of June 30, 2023 and December 31, 2022 was as follows:
| Balance Sheet Caption |  | June 30, 2023 |  | December 31, 2022
Right-of-Use (“ROU”) Assets: |  |  |  |  |
Building ROU assets - net - operating | Other noncurrent assets |  | $ | 111.5 |  |  | $ | 104.4 |
Equipment ROU assets - net - operating | Other noncurrent assets |  | 5.0 |  |  | 5.6 |
Equipment ROU assets - net - financing | Property, plant and equipment |  | 2.0 |  |  | 6.1 |
Total ROU assets - net |  |  | $ | 118.5 |  |  | $ | 116.1 |
Lease Liabilities: |  |  |  |  |
Current lease liabilities | Accrued expenses |  | $ | 21.6 |  |  | $ | 21.6 |
Noncurrent lease liabilities | Other noncurrent liabilities |  | 101.6 |  |  | 96.6 |
Total lease liabilities |  |  | $ | 123.2 |  |  | $ | 118.2 |
The components of lease cost for the three and six months ended June 30, 2023 and 2022 were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Fixed lease cost (1) | $ | 7.5 |  |  | $ | 9.0 |  |  | $ | 15.7 |  |  | $ | 16.4 |
Variable lease cost | 0.6 |  |  | 0.8 |  |  | 1.3 |  |  | 1.2 |
Total lease cost | $ | 8.1 |  |  | $ | 9.8 |  |  | $ | 17.0 |  |  | $ | 17.6 |
(1) Includes short-term leases, which are immaterial.
Schedule of Cash Flow, Supplemental Disclosures | Supplemental cash flow information related to leases for the six months ended June 30, 2023 and 2022 was as follows:
| Six Months Ended June 30,
| 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities | $ | 15.7 |  |  | $ | 16.9 |
Right-of-use assets obtained in exchange for new lease liabilities | 17.1 |  |  | 9.3 |
Other supplemental information related to leases as of June 30, 2023 and December 31, 2022 was as follows:
Lease Term and Discount Rate | June 30, 2023 |  | December 31, 2022 |  |
Weighted-average remaining lease term (years): |  |  |  |  |
Operating leases - building and equipment | 7.28 |  | 7.43 |  |
Operating leases - vehicles | 2.13 |  | 2.14 |  |
Financing leases - equipment | 4.10 |  | 2.05 |  |
Weighted-average discount rate: |  |  |  |  |
Operating leases - building and equipment | 3.66 | % |  | 3.41 | % |  |
Operating leases - vehicles | 2.46 | % |  | 1.70 | % |  |
Financing leases - equipment | 4.96 | % |  | 4.48 | % |  |
Schedule of Operating Lease, Liability, Maturity | Total lease liabilities at June 30, 2023 have scheduled maturities as follows:
Maturity of Lease Liabilities |  |
2023 (excluding the six months ended June 30, 2023) |  | $ | 12.8 |
2024 |  | 19.6 |
2025 |  | 22.3 |
2026 |  | 19.4 |
2027 |  | 15.7 |
Thereafter |  | 52.1 |
Total lease payments |  | 141.9 |
Less: Imputed interest |  | (18.7) |
Present value of lease liabilities |  | $ | 123.2 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + 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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