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Leases

12 Months Ended

Dec. 31, 2022

7. Leases

We have operating and finance leases for buildings and certain machinery and equipment. Operating leases are included in operating lease assets, other current liabilities and operating lease liabilities in our consolidated balance sheets. Amounts recognized for finance leases as of and for the years ended December 31, 2022 and 2021 were immaterial.

Operating lease expense recognized in the consolidated statement of comprehensive income for the years ended December 31, 2022, 2021 and 2020 and were $37.4 million, $35.6 million and $32.8 million, respectively, including approximately $2.6 million, $1.8 million and $1.8 million of short-term and variable lease costs for the years ended December 31, 2022, 2021 and 2020, respectively.

Other information related to leases was as follows:


(In millions, except lease term and discount rate)	December 31, 2022			December 31, 2021			December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	35.1		$	33.3		$	30.3
Right-of-use assets obtained in exchange for operating lease obligations	$	21.6		$	33.9		$	34.3
Weighted average remaining lease term - operating leases	5.6 years			6.1 years			6.9 years
Weighted average discount rate - operating leases		3.6	%		3.5	%		3.9	%

Total lease payments under non-cancellable operating leases as of December 31, 2022 were as follows:


(In millions)
Year Ending December 31,
2023	$	34.1
2024		26.4
2025		19.8
2026		17.0
2027		14.2
Thereafter		28.6
Total lease payments		140.1
Less imputed interest		(14.2	)
Total	$	125.9
Reported as of December 31, 2022
Other current liabilities	$	30.5
Operating lease liabilities		95.4
Total	$	125.9