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Leases (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Components of Lease Expense and Other Information | The components of lease expense were as follows:
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Operating lease expense |  | $ | 33.1 |  |  | $ | 34.7 |
Short-term lease expense |  |  | 0.4 |  |  |  | 1.1 |
Other lease expense(a) |  |  | 2.1 |  |  |  | 4.1 |
Total lease expense |  | $ | 35.6 |  |  | $ | 39.9 |
(a) Other lease expense includes variable lease expense and sublease income. Other information related to leases was as follows:
|  | Three Months Ended March 31, |
Supplemental Cash Flow Information |  | 2024 |  |  | 2023 |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 30.5 |  |  | $ | 33.4 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 21.5 |  |  |  | 30.7 |
Supplemental Balance Sheet Information |
|  | March 31, |  |  | December 31, |
Supplemental Balance Sheet Information |  | 2024 |  |  | 2023 |
Operating lease ROU assets |  | $ | 403.9 |  |  | $ | 414.0 |
Operating lease liabilities - current(a) |  | $ | 98.6 |  |  | $ | 100.2 |
Operating lease liabilities - long-term |  |  | 315.5 |  |  |  | 323.2 |
Total operating lease liabilities |  | $ | 414.1 |  |  | $ | 423.4 |
(a) Operating lease liabilities - current are included in accrued expenses on our Consolidated Balance Sheets.
Weighted Average Remaining Lease Term and Discount Rate |
|  | March 31, |
|  | 2024 |  |  | 2023 |
Weighted Average Remaining Lease Term |  |  |  |  |  |
Operating leases |  | 5.5 years |  |  | 5.5 years |
Weighted Average Discount Rate |  |  |  |  |  |
Operating leases |  |  | 3.9 | % |  |  | 3.2 | %
Maturities of Operating Lease Liabilities | Maturities of operating lease liabilities as of March 31, 2024 were as follows:
Period Ending March 31, 2024 |  | Operating Leases |
2024 |  | $ | 84.5 |
2025 |  |  | 100.7 |
2026 |  |  | 78.4 |
2027 |  |  | 58.7 |
2028 |  |  | 46.6 |
2029 |  |  | 34.9 |
Thereafter |  |  | 59.7 |
Total future undiscounted lease payments |  |  | 463.5 |
Less imputed interest |  |  | (49.4 | )
Total operating lease liabilities |  | $ | 414.1 |

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- Definition Weighted Average Remaining Lease Term and Discount Rate Table Text Block + References No definition available. + Details
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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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