Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Assets and Liabilities, Lessee

Our Consolidated Balance Sheet includes the following related to leases:

(in millions) December 31,	Classification	2021		2020
Assets
Operating right-of-use assets	Other assets	$	96.5	$	103.7
Liabilities
Current lease liabilities	Accrued liabilities	$	22.5	$	23.0
Long-term lease liabilities	Other liabilities	79.3		86.4
Total lease liabilities		$	101.8	$	109.4

The weighted average remaining lease terms and discount rates for our operating leases were as follows:

December 31,	2021		2020
Weighted-average remaining lease term - operating leases	9.4		9.8
Weighted-average discount rate - operating leases	3.6	%	3.8	%

Lease, Cost

The components of lease cost were as follows:

(in millions) December 31,	2021		2020		2019
Operating lease cost	$	31.2	$	32.4	$	27.9
Variable lease cost	$	6.2	$	7.1	$	6.1

Supplemental cash flow information related to our operating leases was as follows for periods ended December 31, 2021 and 2020:

(in millions) December 31,	2021		2020		2019
Cash paid for amounts included in measurement of operating lease liabilities - operating cash flows	$	26.8	$	26.5	$	24.3
Right-of-use assets obtained in exchange for new operating lease liabilities	$	17.0	$	10.0	$	21.0

Contractual Obligation, Fiscal Year Maturity

Future minimum operating lease payments are as follows:

(in millions)	December 31, 2021
2022	$	25.5
2023	22.7
2024	17.5
2025	13.8
2026	9.4
Thereafter	48.2
Total future minimum operating lease payments	$	137.1
Imputed interest	35.3
Present value of lease liabilities reported	$	101.8