Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Right of Use Assets and Liabilities

Our right of use assets and liabilities related to operating leases as of December 31, 2021 and December 31, 2020 are as follows:

	Balance Sheet Classification	December 31, 2021		December 31, 2020
		(in millions)
Right-of-use assets	Other assets	$	52.6	$	44.1
Current liability	Accrued expenses	$	10.0	$	10.1
Long-term liability	Other liabilities	44.3		35.3
Total liability		$	54.3	$	45.4

Lease Cost and Cash Flows

Our lease costs and cash flows for the years ended December 31, 2021 and December 31, 2020 were as follows:

	December 31, 2021		December 31, 2020
	(in millions)
Lease costs:
Operating lease costs	$	8.7	$	11.5
Short-term and variable lease costs	$	0.5	$	0.7
Cash flows:
Operating cash flows from operating leases	$	8.5	$	11.5

Our weighted average remaining lease term and discount rates at December 31, 2021 and December 31, 2020 were as follows:

	December 31, 2021		December 31, 2020
Weighted average remaining lease term (in years)	6.9		5.9
Weighted average discount rate	3.3	%	3.4	%

Maturities of Operating Lease Liabilities

A maturity analysis of undiscounted operating lease liabilities is shown in the table below:

	Operating Lease Payments
	(in millions)
2022	$	11.6
2023	10.3
2024	8.8
2025	7.1
2026	6.2
Thereafter	17.1
Total lease payments	61.1
Less: interest	(6.8)
Present value of lease liabilities	$	54.3