Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of Balance Sheet Location of Lease Assets and Liabilities

The balance sheet locations of our lease assets and liabilities were as follows (in millions):

Assets	Balance Sheet Location	September 30, 2023		December 31, 2022
Operating	Operating lease assets	$	199.9	$	217.1
Finance	Other non-current assets	19.4		22.0
Total		$	219.3	$	239.1

Liabilities	Balance Sheet Location	September 30, 2023		December 31, 2022
Current
Operating	Other accrued liabilities	$	27.9	$	28.4
Finance	Current indebtedness	2.1		3.3
Non-Current
Operating	Other non-current liabilities	173.0		189.5
Finance	Long-term debt, less current portion	16.3		17.4
Total		$	219.3	$	238.6

The below tables show our lease assets and liabilities by reporting segment (in millions):

	Assets
	Operating				Financing
	September 30, 2023		December 31, 2022		September 30, 2023		December 31, 2022
CSCA	$	93.9	$	100.5	$	13.2	$	13.8
CSCI	44.2		49.5		6.0		6.6
Unallocated	61.8		67.1		0.2		1.6
Total	$	199.9	$	217.1	$	19.4	$	22.0

	Liabilities
	Operating				Financing
	September 30, 2023		December 31, 2022		September 30, 2023		December 31, 2022
CSCA	$	95.9	$	102.2	$	14.5	$	14.9
CSCI	46.9		51.7		3.7		4.1
Unallocated	58.1		64.0		0.2		1.7
Total	$	200.9	$	217.9	$	18.4	$	20.7

Schedule of Lease Expense

Lease expense was as follows (in millions):

	Three Months Ended				Nine Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Operating leases(1)	$	11.8	$	11.1	$	34.4	$	31.7
Finance leases
Amortization	$	0.9	$	1.3	$	3.1	$	4.2
Interest	0.1		0.2		0.4		0.5
Total finance leases	$	1.0	$	1.5	$	3.5	$	4.7

(1) Includes short-term leases and variable lease costs, which are immaterial.

Schedule of Finance Lease Maturity

The annual future maturities of our leases as of September 30, 2023 are as follows (in millions):

	Operating Leases		Finance Leases		Total
2023	$	8.4	$	0.7	$	9.1
2024	31.2		2.5		33.7
2025	28.4		2.3		30.7
2026	22.6		2.2		24.8
2027	21.6		2.1		23.7
After 2027	117.3		11.6		128.9
Total lease payments	229.5		21.4		250.9
Less: Interest	28.6		3.0		31.6
Present value of lease liabilities	$	200.9	$	18.4	$	219.3

Schedule of Operating Lease Liability Maturity

The annual future maturities of our leases as of September 30, 2023 are as follows (in millions):

	Operating Leases		Finance Leases		Total
2023	$	8.4	$	0.7	$	9.1
2024	31.2		2.5		33.7
2025	28.4		2.3		30.7
2026	22.6		2.2		24.8
2027	21.6		2.1		23.7
After 2027	117.3		11.6		128.9
Total lease payments	229.5		21.4		250.9
Less: Interest	28.6		3.0		31.6
Present value of lease liabilities	$	200.9	$	18.4	$	219.3

Schedule of Weighted Average Lease Terms and Discount Rates

Our weighted average lease terms and discount rates are as follows:

	September 30, 2023		October 1, 2022
Weighted-average remaining lease term (in years)
Operating leases	10.65		11.35
Finance leases	9.41		9.45
Weighted-average discount rate
Operating leases	2.7	%	2.5	%
Finance leases	3.1	%	2.9	%

Schedule of Lease Cash Flow Classifications

Our lease cash flow classifications are as follows (in millions):

	Nine Months Ended
	September 30, 2023		October 1, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	27.0	$	30.6
Operating cash flows for finance leases	$	0.4	$	0.5
Financing cash flows for finance leases	$	2.8	$	3.8
Leased assets obtained in exchange for new finance lease liabilities	$	0.5	$	—
Leased assets obtained in exchange for new operating lease liabilities	$	5.9	$	62.3