Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information

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

		December 31,
		2021		2020
Assets	Classification
Operating lease assets, net	Other assets (1)	$	104.2	$	101.3
Finance lease assets, net	Property, plant and equipment, net (2)	60.5		63.7
Total leased assets		$	164.7	$	165.0
Liabilities
Current
Operating lease liabilities	Other accrued liabilities	$	27.2	$	28.8
Finance lease liabilities	Current portion of borrowings	4.1		3.2
Noncurrent
Operating lease liabilities	Other liabilities	79.3		75.6
Finance lease liabilities	Long-term borrowings	58.4		60.8
Total lease liabilities		$	169.0	$	168.4

(1)     Operating lease assets are recorded net of accumulated amortization of $50.3 million and $35.4 million for the years ended December 31, 2021 and 2020, respectively.

(2)     Finance lease assets are recorded net of accumulated amortization of $13.3 million and $8.9 million for the years ended December 31, 2021 and 2020, respectively.

Schedule of Lease Cost

Components of lease expense are summarized as follows:

	Year Ended December 31,
	2021		2020		2019
Finance lease cost
Amortization of right-of-use assets	$	4.4	$	4.2	$	4.1
Interest on lease liabilities	3.3		3.4		3.5
Operating lease cost	35.6		35.7		36.5
Variable lease cost	3.3		3.2		2.9
Short-term lease cost	0.5		0.4		1.2
Net lease cost	$	47.1	$	46.9	$	48.2

Supplemental cash flow information related to leases is summarized as follows:

	Year Ended December 31,
	2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	36.4	$	36.0	$	36.8
Operating cash flows for finance leases	$	3.3	$	3.4	$	3.5
Financing cash flows for finance leases	$	2.6	$	2.2	$	1.9
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	30.1	$	21.0	$	23.3
Finance leases	$	0.7	$	0.3	$	0.5

Schedule of Lease Terms

Lease term and discount rate information are summarized as follows:

	Year Ended December 31,
	2021		2020
Weighted-average remaining lease term (years)
Operating leases	6.2		5.2
Finance leases	15.5		15.8
Weighted-average discount rate
Operating leases	3.7	%	4.1	%
Finance leases	5.2	%	5.2	%

Schedule of Operating Lease Maturity

Maturities of lease liabilities as of December 31, 2021 are as follows:

	Operating Leases		Finance Leases
Year
2022	$	30.5	$	7.3
2023	24.4		4.9
2024	17.3		6.0
2025	12.8		6.0
2026	9.3		6.1
Thereafter	25.5		72.0
Total lease payments	119.8		102.3
Less: imputed interest	13.3		39.8
Present value of lease liabilities	$	106.5	$	62.5

Schedule of Finance Lease Maturity

Maturities of lease liabilities as of December 31, 2021 are as follows:

	Operating Leases		Finance Leases
Year
2022	$	30.5	$	7.3
2023	24.4		4.9
2024	17.3		6.0
2025	12.8		6.0
2026	9.3		6.1
Thereafter	25.5		72.0
Total lease payments	119.8		102.3
Less: imputed interest	13.3		39.8
Present value of lease liabilities	$	106.5	$	62.5