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LEASES

12 Months Ended

Dec. 31, 2022

LEASES The Company primarily has operating lease agreements for certain land, office space, warehouse space and equipment. The following table presents the Company’s ROU assets and lease liabilities:


		December 31,
(dollars in millions)	Balance sheet location	2022		2021
Asset Category
ROU assets	Other assets	$	85.1	$	60.2
Total		$	85.1	$	60.2

Liability Category
Current lease liabilities	Accrued expenses and other current liabilities	$	15.9	$	18.7
Non-current lease liabilities	Other liabilities	71.4		42.1
Total		$	87.3	$	60.8

Operating lease expense totaled $26.2 million, $24.3 million and $20.9 million for 2022, 2021 and 2020, respectively.


	Year Ended December 31,
(dollars in millions)	2022		2021		2020
Supplemental Information for Operating Leases

Operating cash payments for operating leases	$	19.8	$	20.8	$	19.1
ROU assets obtained in exchange for operating lease obligations	$	40.3	$	22.5	$	12.3
Weighted average remaining lease term	10 years		6 years		6 years
Weighted average discount rate	3.5%		3.5%		4.8%

Maturities of operating lease liabilities at December 31, 2022 were as follows:


(dollars in millions)
2023	$	18.6
2024	12.4
2025	10.1
2026	9.2
2027	6.9
Thereafter	47.6
Total future minimum lease payments	104.8
Less: imputed interest	(17.5)
Present value of lease liabilities	$	87.3