Leases (Tables)

12 Months Ended

Dec. 31, 2021

We recognized the following total lease cost related to our lease arrangements (in millions):


	Year Ended December 31,
	2021		2020		2019
Finance lease cost:
Amortization of right-of-use assets	$	4.6	$	3.1	$	4.2
Interest on lease liabilities	0.7		0.6		0.5
Operating lease cost	41.4		45.6		53.2
Short-term lease cost	24.6		25.5		18.3
Variable lease cost	6.8		6.4		5.0
Sublease income	(4.8)		(4.4)		(11.4)
Total lease cost	$	73.3	$	76.8	$	69.6

Other information related to leases:


	December 31,
	2021		2020
Weighted average remaining lease term of finance leases (in years)	5.6		5.6
Weighted average remaining lease term of operating leases (in years)	6.9		6.6
Weighted average discount rate of finance leases	3.4%		3.3%
Weighted average discount rate of operating leases	5.2%		5.6%
Cash paid for amounts included in the measurement of lease liabilities (in millions):
Operating cash flows from finance leases	$	0.7	$	0.6
Operating cash flows from operating leases	$	44.8	$	49.9
Financing cash flows from finance leases	$	4.5	$	4.3
Noncash investing and financing lease activities (in millions):
Right of use assets obtained in exchange for new operating lease liability	$	45.9	$	38.9
Right of use assets obtained in exchange for new finance lease liability	$	6.8	$	4.1

As of December 31, 2021, our remaining lease payments were as follows (in millions):


	Operating Leases		Finance Leases
2022	$	38.0	$	5.3
2023	32.6		4.6
2024	27.1		3.4
2025	23.1		3.4
2026	17.9		3.3
Thereafter	59.2		3.6
Total remaining lease payments (undiscounted)	197.9		23.5
Less: imputed interest	33.0		2.2
Present value of lease liabilities	$	164.9	$	21.2

As of December 31, 2021, our remaining lease payments were as follows (in millions):


	Operating Leases		Finance Leases
2022	$	38.0	$	5.3
2023	32.6		4.6
2024	27.1		3.4
2025	23.1		3.4
2026	17.9		3.3
Thereafter	59.2		3.6
Total remaining lease payments (undiscounted)	197.9		23.5
Less: imputed interest	33.0		2.2
Present value of lease liabilities	$	164.9	$	21.2

Supplemental balance sheet information related to leases (in millions):


		December 31,
	Classification	2021		2020
Assets:
Operating lease assets	Identifiable intangible and other non-current assets	$	150.6	$	140.8
Finance lease assets	Property and equipment, net	$	20.2	$	17.4

Liabilities:
Operating lease liability - current	Accrued expenses and other current liabilities	$	31.1	$	33.2
Operating lease liability - long-term	Other long-term liabilities	$	133.8	$	124.3
Finance lease liability - current	Current maturities of long-term debt	$	4.6	$	3.8
Finance lease liability - long-term	Long-term debt	$	16.6	$	14.4