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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Asset and Lease Liability
The ROU asset and lease liability balances as of December 31, 2022 were as follows:
(in Millions)ClassificationDecember 31, 2022December 31, 2021
Assets
Operating lease ROU assetsOther assets including long-term receivables, net$123.8 $135.2 
Liabilities
Operating lease current liabilitiesAccrued and other liabilities$22.0 $23.5 
Operating lease noncurrent liabilitiesOther long-term liabilities128.6 140.0 
Components of Lease Expense, Lease Term and Discount Rate
The components of lease expense for the year ended December 31, 2022 were as follows:
(in Millions)Lease Cost Classification202220212020
Lease Cost
Operating lease costCosts of sales and services / Selling, general and administrative expenses$32.9 $33.9 $39.5 
Variable lease costCosts of sales and services / Selling, general and administrative expenses6.3 4.7 4.7 
Total lease cost$39.2 $38.6 $44.2 
December 31, 2022
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)8.4
Weighted-average discount rate4.1 %
(in Millions)Year ended December 31, 2022Year ended December 31, 2021
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(33.9)$(33.1)
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Right-of-use assets obtained in exchange for new operating lease liabilities$20.1 $18.4 
Summary of Future Minimum Lease Payments
The following table represents our future minimum operating lease payments as of, and subsequent to, December 31, 2022 under ASC 842:
(in Millions) Operating Leases Total
Maturity of Lease Liabilities
2023$27.3 
202422.5 
202520.4 
202618.8 
202717.9 
Thereafter74.0 
Total undiscounted lease payments$180.9 
Less: Present value adjustment(30.3)
Present value of lease liabilities$150.6