Leases (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Components of ROU Assets and Lease Liabilities

The components of ROU assets and lease liabilities and the classification within the Condensed Consolidated Balance Sheets as of June 30, 2022 (unaudited) and December 31, 2021 were as follows:

(millions)	Classification	June 30, 2022		December 31, 2021
Assets
Operating	Right-of-use assets	$	182.2	$	201.2
Finance	Leasehold improvements, equipment and construction in progress, net		24.3		22.4
Total leased assets		$	206.5	$	223.6
Liabilities
Current
Operating	Short-term lease liabilities	$	61.5	$	65.4
Finance	Current portion of long-term borrowings		6.8		6.7
Noncurrent
Operating	Long-term lease liabilities		176.8		200.3
Finance	Long-term borrowings, excluding current portion		15.2		14.0
Total lease liabilities		$	260.3	$	286.4

Schedule of Components of Lease Cost

The components of lease cost and classification within the Condensed Consolidated Statements of Income during the three and six months ended June 30, 2022 and 2021 (unaudited) were as follows:

		Three Months Ended				Six Months Ended
(millions)	Classification	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Operating lease cost^(a)(b)	Cost of services - lease type contracts	$	14.6	$	13.3	$	29.7	$	27.3
Short-term lease^(a)	Cost of services - lease type contracts		5.3		4.2		10.4		8.9
Variable lease	Cost of services - lease type contracts		18.8		8.4		33.3		12.0
Operating lease cost			38.7		25.9		73.4		48.2
Finance lease cost
Amortization of leased assets	Depreciation and amortization		1.4		1.5		2.7		3.0
Interest on lease liabilities	Interest expense		0.3		0.3		0.5		0.6
Lease impairment	Lease impairment		—		—		—		0.1
Net lease cost		$	40.4	$	27.7	$	76.6	$	51.9

^(a)

Operating lease cost included General and administrative expenses related to leases for office space amounting to $0.9 million and $1.9 million during the three and six months ended June 30, 2022, respectively, compared to $1.0 million and $2.0 million during the three and six months ended June 30, 2021, respectively.

^(b)	Included rent concessions amounting to $1.5 and $3.7 million during the three and six months ended June 30, 2022, respectively, compared to $6.1 and $11.1 million during the three and six months ended June 30, 2021, respectively.

Schedule of Maturities of Lease Liabilities

Maturities, lease term and discount rate information of lease liabilities as of June 30, 2022 (unaudited) were as follows:

(millions)	Operating Leases Liabilities			Finance Leases Liabilities			Total
2022	$	37.7		$	4.2		$	41.9
2023		64.2			6.6			70.8
2024		47.9			4.6			52.5
2025		37.0			2.7			39.7
2026		29.6			2.1			31.7
After 2026		59.8			4.2			64.0
Total lease payments		276.2			24.4			300.6
Less: Imputed interest		37.9			2.4			40.3
Present value of lease liabilities	$	238.3		$	22.0		$	260.3
Weighted-average remaining lease term (years)		5.5			4.6
Weighted-average discount rate		5.2	%		4.2	%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases during the six months ended June 30, 2022 and 2021 (unaudited) was as follows:

	Six Months Ended
(millions)	June 30, 2022		June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows related to operating leases	$	46.7	$	47.1
Operating cash outflows related to interest on finance leases		0.5		0.5
Financing cash outflows related to finance leases		5.4		4.2
Leased assets obtained in exchange for new operating liabilities		5.8		5.7
Leased assets obtained in exchange for new finance lease liabilities		4.9		—