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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Summary of Amount and Timing of Cash Flows From Operating Leases

The following table presents information about the amount and timing of cash flows arising from our operating leases as of December 31, 2020:

 

(Dollars in millions)

 

 

 

 

2021

 

$

28.4

 

2022

 

 

24.6

 

2023

 

 

19.2

 

2024

 

 

15.4

 

2025

 

 

12.3

 

Thereafter

 

 

33.5

 

Total lease payments

 

$

133.5

 

Less: Interest

 

 

(31.0

)

Present value of lease liabilities

 

$

102.5

 

Schedule of Supplemental Consolidated Balance Sheet Information Related to Leases

 

Supplemental consolidated balance sheet information related to leases is as follows:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

(Dollars in millions)

 

 

 

 

 

 

 

 

Operating leases:

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

102.5

 

 

$

112.3

 

Current operating lease liabilities

 

$

21.2

 

 

$

22.0

 

Operating lease liabilities

 

 

81.3

 

 

 

91.5

 

Total operating lease liabilities

 

$

102.5

 

 

$

113.5

 

Weighted average remaining lease term, in years

 

 

6.4

 

 

 

6.9

 

Weighted average discount rate

 

 

7.5

%

 

 

7.7

%