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Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Asset and lease liability

The ROU asset and lease liability balances as of September 30, 2023 and December 31, 2022 were as follows:

(in Millions)			Classification			September 30, 2023						December 31, 2022
Assets
Operating lease ROU assets			Other assets including long-term receivables, net			$	122.5					$	123.8
Liabilities
Operating lease current liabilities			Accrued and other liabilities			$	23.5					$	22.0
Operating lease noncurrent liabilities			Other long-term liabilities			124.1						128.6

Components of lease expense, lease term and discount rate

The components of lease expense for the three and nine months ended September 30, 2023 and 2022 were as follows:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in Millions)			Lease Cost Classification			2023						2022						2023						2022
Lease Cost
Operating lease cost			Costs of sales and services / Selling, general and administrative expenses			$	8.6					$	8.5					$	24.4					$	25.3
Variable lease cost			Costs of sales and services / Selling, general and administrative expenses			3.6						1.8						9.5						4.4
Total lease cost						$	12.2					$	10.3					$	33.9					$	29.7

			September 30, 2023
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)			7.6
Weighted-average discount rate			4.4		%

			Three Months Ended September 30,												Nine Months Ended September 30,
(in Millions)			2023						2022						2023						2022
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	(8.7)					$	(8.1)					$	(25.7)					$	(25.2)
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			$	4.0					$	5.4					$	15.9					$	15.5

Future minimum lease payments

The following table represents our future minimum operating lease payments as of, and subsequent to, September 30, 2023 under ASC 842:

(in Millions)															Operating Leases Total
Maturity of Lease Liabilities
2023 (excluding the nine months ending September 30, 2023)															$	7.7
2024															27.7
2025															24.0
2026															21.4
2027															20.2
Thereafter															73.6
Total undiscounted lease payments															$	174.6
Less: Present value adjustment															(27.0)
Present value of lease liabilities															$	147.6

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- Definition

Assets And Liabilities, Lessee [Table Text Block]

+ References

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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

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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

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