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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases |
Schedule of future minimum lease payments |
| As of December 31, 2023
Maturity of Lease Liabilities (in millions) | Operating Leases (1)
2024 | $ | 47.0 |
2025 | 36.3 |
2026 | 26.5 |
2027 | 17.9 |
2028 | 9.4 |
Thereafter | 12.4 |
Total lease payments |  | 149.5 |
Less: imputed interest | (7.4 | )
Present value of lease liabilities | $ | 142.1 |
(1) Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements.
Schedule of lease expense recognized in consolidated statements of income |
Lease Expense (in millions) |  | Income Statement Classification |  | Year ended December 31, 2023 |  | Year ended December 31, 2022 |  |  | Year ended December 31, 2021
Operating lease expense |  | Selling, general and administrative and Direct operating costs |  | $ | 50.1 |  | $ | 51.0 |  | $ | 55.6
Variable lease expense |  | Selling, general and administrative and Direct operating costs |  |  | 164.3 |  | 142.6 |  |  | 116.0
Total lease expense |  |  |  | $ | 214.4 |  | $ | 193.6 |  | $ | 171.6
Schedule of other information about lease amounts recognized in consolidated financial statements |
Lease Term and Discount Rate of Operating Leases |  | As of December 31, 2023 |  | As of December 31, 2022 |
Weighted- average remaining lease term (years) |  | 4.3 |  |  | 4.6 |
Weighted- average discount rate |  | 2.49 | % |  | 2.27 | %
Schedule of supplemental cash flow and non-cash information related to leases |
Other Information (in millions) |  | Year ended December 31, 2023 |  | Year ended December 31, 2022 |  |  | Year ended December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities (a) |  | $ | 49.9 |  | $ | 49.7 |  |  | $ | 51.5
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets: |  |  |  |  |  |  |  |
ROU assets obtained in exchange for new operating lease liabilities |  | $ | 49.9 |  | $ | 50.0 |  |  | $ | 69.1
(a) Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.

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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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