Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information

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

		December 31,
		2022		2021
Assets	Classification
Operating lease assets, net	Other assets (1)	$	102.6	$	104.2
Finance lease assets, net	Property, plant and equipment, net (2)	57.1		60.5
Total leased assets		$	159.7	$	164.7
Liabilities
Current
Operating lease liabilities	Other accrued liabilities	$	28.4	$	27.2
Finance lease liabilities	Current portion of borrowings	2.5		4.1
Noncurrent
Operating lease liabilities	Other liabilities	75.9		79.3
Finance lease liabilities	Long-term borrowings	58.5		58.4
Total lease liabilities		$	165.3	$	169.0

(1)     Operating lease assets are recorded net of accumulated amortization of $57.4 million and $50.3 million for the years ended December 31, 2022 and 2021, respectively.

(2)     Finance lease assets are recorded net of accumulated amortization of $17.5 million and $13.3 million for the years ended December 31, 2022 and 2021, respectively.

Schedule of Lease Cost

Components of lease expense are summarized as follows:

	Year Ended December 31,
	2022		2021		2020
Finance lease cost
Amortization of right-of-use assets	$	4.5	$	4.4	$	4.2
Interest on lease liabilities	3.2		3.3		3.4
Operating lease cost	33.4		35.6		35.7
Variable lease cost	2.7		3.3		3.2
Short-term lease cost	0.3		0.5		0.4
Net lease cost	$	44.1	$	47.1	$	46.9

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

	Year Ended December 31,
	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	34.0	$	36.4	$	36.0
Operating cash flows for finance leases	$	3.2	$	3.3	$	3.4
Financing cash flows for finance leases	$	3.0	$	2.6	$	2.2
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	27.7	$	30.1	$	21.0
Finance leases	$	2.7	$	0.7	$	0.3

Schedule of Lease Terms

Lease term and discount rate information are summarized as follows:

	Year Ended December 31,
	2022		2021
Weighted average remaining lease term (years)
Operating leases	5.6		6.2
Finance leases	14.5		15.5
Weighted average discount rate
Operating leases	4.9	%	3.7	%
Finance leases	5.2	%	5.2	%

Schedule of Operating Lease Maturity

Maturities of lease liabilities as of December 31, 2022 are as follows:

	Operating Leases		Finance Leases
Year
2023	$	32.7	$	5.8
2024	25.7		6.4
2025	17.4		6.2
2026	12.2		6.2
2027	9.1		6.3
Thereafter	20.8		65.1
Total lease payments	117.9		96.0
Less: imputed interest	13.6		35.0
Present value of lease liabilities	$	104.3	$	61.0

Schedule of Finance Lease Maturity

Maturities of lease liabilities as of December 31, 2022 are as follows:

	Operating Leases		Finance Leases
Year
2023	$	32.7	$	5.8
2024	25.7		6.4
2025	17.4		6.2
2026	12.2		6.2
2027	9.1		6.3
Thereafter	20.8		65.1
Total lease payments	117.9		96.0
Less: imputed interest	13.6		35.0
Present value of lease liabilities	$	104.3	$	61.0