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Lease Obligations
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease Obligations Lease Obligations
Substantially all of our operating lease right-of-use assets and operating lease liabilities represent leases for certain operating facilities, warehouses, office space, trucking equipment, and various other assets. Finance lease balances consist of vehicle and certain equipment leases. Our leases have terms that expire at various dates through 2039, some of which include options to extend or terminate the leases at our discretion.
At December 31, 2023, we had $10.6 of additional operating leases that had not yet commenced. These leases will commence in 2024 with average lease terms of seven years.
Supplemental balance sheet information related to leases was as follows:
December 31
20232022
Operating leases:
Operating lease right-of-use assets$193.2 $195.0 
Current portion of operating lease liabilities$57.3 $49.5 
Operating lease liabilities150.5 153.6 
Total operating lease liabilities$207.8 $203.1 
Finance leases:
Sundry$4.0 $4.2 
Current maturities of long-term debt$1.2 $1.1 
Long-term debt2.8 3.1 
Total finance lease liabilities$4.0 $4.2 
The components of lease expense were as follows:
Year Ended December 31
202320222021
Operating lease costs:
Lease costs$65.4 $56.1 $50.1 
Variable lease costs18.6 15.1 15.4 
Total operating lease costs$84.0 $71.2 $65.5 
Short-term lease costs$6.6 $6.6 $7.0 
Finance lease costs:
Amortization of right-of-use assets$1.8 $1.7 $1.7 
Interest on lease liabilities.1 .1 .1 
Total finance lease costs$1.9 $1.8 $1.8 
Total lease costs$92.5 $79.6 $74.3 
Variable lease costs consist primarily of taxes, insurance, and common-area or other maintenance costs for our leased facilities and equipment, which are paid based on actual costs incurred by the lessor.
Supplemental cash flow information related to leases was as follows:
 Year Ended December 31
202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$60.4 $52.4 $48.6 
Operating cash flows from finance leases.1 .1 .1 
Financing cash flows from finance leases1.8 1.7 1.7 
Right-of-use assets obtained in exchange for new operating lease liabilities59.8 53.0 74.0 
Right-of-use assets obtained in exchange for new finance lease liabilities1.4 1.4 1.9 
The following table reconciles the undiscounted cash flows for the operating and finance leases at December 31, 2023 to the operating and finance lease liabilities recorded on the Consolidated Balance Sheets:
December 31, 2023
Operating LeasesFinance Leases
2024$62.2 $1.3 
202551.7 1.2 
202642.1 .9 
202728.3 .5 
202813.9 .2 
Thereafter22.4 .1 
Total220.6 4.2 
Less: interest12.8 .2 
Lease liability$207.8 $4.0 
Weighted average remaining lease term (years)4.63.6
Weighted average discount rate2.8 %2.7 %
Lease Obligations Lease Obligations
Substantially all of our operating lease right-of-use assets and operating lease liabilities represent leases for certain operating facilities, warehouses, office space, trucking equipment, and various other assets. Finance lease balances consist of vehicle and certain equipment leases. Our leases have terms that expire at various dates through 2039, some of which include options to extend or terminate the leases at our discretion.
At December 31, 2023, we had $10.6 of additional operating leases that had not yet commenced. These leases will commence in 2024 with average lease terms of seven years.
Supplemental balance sheet information related to leases was as follows:
December 31
20232022
Operating leases:
Operating lease right-of-use assets$193.2 $195.0 
Current portion of operating lease liabilities$57.3 $49.5 
Operating lease liabilities150.5 153.6 
Total operating lease liabilities$207.8 $203.1 
Finance leases:
Sundry$4.0 $4.2 
Current maturities of long-term debt$1.2 $1.1 
Long-term debt2.8 3.1 
Total finance lease liabilities$4.0 $4.2 
The components of lease expense were as follows:
Year Ended December 31
202320222021
Operating lease costs:
Lease costs$65.4 $56.1 $50.1 
Variable lease costs18.6 15.1 15.4 
Total operating lease costs$84.0 $71.2 $65.5 
Short-term lease costs$6.6 $6.6 $7.0 
Finance lease costs:
Amortization of right-of-use assets$1.8 $1.7 $1.7 
Interest on lease liabilities.1 .1 .1 
Total finance lease costs$1.9 $1.8 $1.8 
Total lease costs$92.5 $79.6 $74.3 
Variable lease costs consist primarily of taxes, insurance, and common-area or other maintenance costs for our leased facilities and equipment, which are paid based on actual costs incurred by the lessor.
Supplemental cash flow information related to leases was as follows:
 Year Ended December 31
202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$60.4 $52.4 $48.6 
Operating cash flows from finance leases.1 .1 .1 
Financing cash flows from finance leases1.8 1.7 1.7 
Right-of-use assets obtained in exchange for new operating lease liabilities59.8 53.0 74.0 
Right-of-use assets obtained in exchange for new finance lease liabilities1.4 1.4 1.9 
The following table reconciles the undiscounted cash flows for the operating and finance leases at December 31, 2023 to the operating and finance lease liabilities recorded on the Consolidated Balance Sheets:
December 31, 2023
Operating LeasesFinance Leases
2024$62.2 $1.3 
202551.7 1.2 
202642.1 .9 
202728.3 .5 
202813.9 .2 
Thereafter22.4 .1 
Total220.6 4.2 
Less: interest12.8 .2 
Lease liability$207.8 $4.0 
Weighted average remaining lease term (years)4.63.6
Weighted average discount rate2.8 %2.7 %