Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

LEASES

LEASES 

The Company primarily has operating lease agreements for certain land, office space, warehouse space and equipment. The following table presents the Company’s ROU assets and lease liabilities:

		December 31,
(dollars in millions)	Balance sheet location	2021		2020
Asset Category
ROU assets	Other assets	$	60.2	$	56.0
Total		$	60.2	$	56.0
Liability Category
Current lease liabilities	Accrued expenses and other current liabilities	$	18.7	$	16.4
Non-current lease liabilities	Other liabilities	42.1		40.1
Total		$	60.8	$	56.5

Operating lease expense totaled $24.3 million, $20.9 million and $20.8 million for 2021, 2020 and 2019, respectively.

	Year Ended December 31,
(dollars in millions)	2021		2020		2019
Supplemental Information for Operating Leases
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash payments for operating leases	$	20.8	$	19.1	$	21.2
ROU assets obtained in exchange for operating lease obligations	$	22.5	$	12.3	$	9.5
Weighted average remaining lease term	6 years		6 years		7 years
Weighted average discount rate	3.5%		4.8%		4.9%

Maturities of operating lease liabilities at December 31, 2021 were as follows:

(dollars in millions)
2022	$	20.5
2023	15.3
2024	9.0
2025	6.8
2026	6.2
Thereafter	9.4
Total future minimum lease payments	67.2
Less: imputed interest	(6.4)
Present value of lease liabilities	$	60.8