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Leases (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021:

 

(Dollars in millions)

 

 

 

 

2022

 

$

28.0

 

2023

 

 

21.7

 

2024

 

 

17.7

 

2025

 

 

14.4

 

2026

 

 

10.4

 

Thereafter

 

 

25.0

 

Total lease payments

 

$

117.2

 

Less: Interest

 

 

(25.6

)

Present value of lease liabilities

 

$

91.6

 

Schedule of Supplemental Consolidated Balance Sheet Information Related to Leases

 


 

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

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

(Dollars in millions)

 

 

 

 

 

 

 

 

Operating leases:

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

91.2

 

 

$

102.5

 

Current operating lease liabilities

 

$

21.3

 

 

$

21.2

 

Operating lease liabilities

 

 

70.3

 

 

 

81.3

 

Total operating lease liabilities

 

$

91.6

 

 

$

102.5

 

Weighted average remaining lease term, in years

 

 

5.8

 

 

 

6.4

 

Weighted average discount rate

 

 

7.4

%

 

 

7.5

%