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Leases (Tables) | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Schedule of Lease ROUs and Lease Liabilities | As of the dates indicated, lease right-of-use assets and lease liabilities consisted of the following (in millions):
|  | December 31,
|  | 2022 |  | 2021
Right-of-use assets: |  |  |  |
Operating lease (Other assets) |  | $ | 65.8 |  |  | $ | 69.6 |
Finance lease (Property, plant and equipment, net) |  | 2.1 |  |  | 0.2 |
Total right-of-use assets |  | $ | 67.9 |  |  | $ | 69.8 |
Lease liabilities: |  |  |  |
Current portion of operating lease (Other current liabilities) |  | $ | 17.1 |  |  | $ | 15.5 |
Non-current portion of operating lease (Other liabilities) |  | 53.8 |  |  | 58.5 |
Finance lease (Debt obligations) |  | 2.1 |  |  | 0.1 |
Total lease liabilities |  | $ | 73.0 |  |  | $ | 74.1 |
Schedule of Leases, Cost | The following table summarizes the components of lease expense for the periods indicated (in millions):
|  |  |  | Years Ended December 31,
|  |  |  |  |  | 2022 |  | 2021
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  |  |  |  | $ | 0.2 |  |  | $ | 0.8 |
Interest on lease liabilities |  |  |  |  |  | 0.1 |  |  | — |
Net finance lease cost |  |  |  |  |  | 0.3 |  |  | 0.8 |
Operating lease cost |  |  |  |  |  | 23.5 |  |  | 21.7 |
Variable lease cost |  |  |  |  |  | 0.6 |  |  | 0.5 |
Sublease income |  |  |  |  |  | (0.7) |  |  | (0.5) |
Total lease cost |  |  |  |  |  | $ | 23.7 |  |  | $ | 22.5 |
Cash flow information related to leases for the periods indicated is as follows (in millions):
|  |  |  | Years Ended December 31,
|  |  |  |  |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from finance leases |  |  |  |  |  | $ | 0.1 |  |  | $ | — |
Financing cash flows from finance leases |  |  |  |  |  | $ | 0.2 |  |  | $ | 0.7 |
Operating cash flows from operating leases |  |  |  |  |  | $ | 23.3 |  |  | $ | 21.9 |
Right-of-use assets obtained in exchange for new lease liabilities: |  |  |  |  |  |  |  |
Finance leases |  |  |  |  |  | $ | 2.2 |  |  | $ | 0.1 |
Operating leases |  |  |  |  |  | $ | 15.0 |  |  | $ | 48.3 |
The weighted-average remaining lease term and the weighted-average discount rate for finance leases and operating leases for the periods presented are as follows:
|  | Years Ended December 31,
|  | 2022 |  | 2021
Weighted-average remaining lease term (years) - operating leases |  | 7.5 |  | 7.5
Weighted-average remaining lease term (years) - finance leases |  | 1.4 |  | 2.3
Weighted-average discount rate - operating leases |  | 5.3 | % |  | 5.4 | %
Weighted-average discount rate - finance leases |  | 5.7 | % |  | 4.2 | %
Schedule of Finance Lease, Liability, Maturity | As of December 31, 2022, undiscounted cash flows for finance and operating leases are as follows (in millions):
| Operating Leases |  | Finance Leases
2023 | $ | 20.0 |  |  | $ | 1.8 |
2024 | 14.3 |  |  | 0.3 |
2025 | 10.8 |  |  | 0.1 |
2026 | 7.4 |  |  | — |
2027 | 5.2 |  |  | — |
Thereafter | 28.6 |  |  | — |
Total future lease payments | 86.3 |  |  | 2.2 |
Less: Present values | (15.4) |  |  | (0.1) |
Total lease liability balance | $ | 70.9 |  |  | $ | 2.1 |
Schedule of Operating Lease, Liability, Maturity | As of December 31, 2022, undiscounted cash flows for finance and operating leases are as follows (in millions):
| Operating Leases |  | Finance Leases
2023 | $ | 20.0 |  |  | $ | 1.8 |
2024 | 14.3 |  |  | 0.3 |
2025 | 10.8 |  |  | 0.1 |
2026 | 7.4 |  |  | — |
2027 | 5.2 |  |  | — |
Thereafter | 28.6 |  |  | — |
Total future lease payments | 86.3 |  |  | 2.2 |
Less: Present values | (15.4) |  |  | (0.1) |
Total lease liability balance | $ | 70.9 |  |  | $ | 2.1 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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