Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Balances and Classification of Operating Lease Right-of-Use Assets and Operating Lease Liabilities within Condensed Consolidated Balance Sheet

The balances and classification of operating lease right-of-use assets and operating lease liabilities within the Condensed Consolidated Balance Sheet is as follows:

(in millions)		March 31, 2023		December 31, 2022
Assets:
Operating lease right-of-use assets	Operating lease assets	$	210.0	$	214.9
Total assets			210.0		214.9
Liabilities:
Current operating lease liabilities	Accrued expenses and other liabilities		46.2		45.0
Non-current operating lease liabilities	Operating lease liabilities		191.0		195.9
Total liabilities		$	237.2	$	240.9

Schedule of Components of Lease Cost for Operating Leases

The components of lease cost for operating leases for the three months ended March 31, 2023 and 2022 were:

	Three months ended March 31,
(in millions)	2023			2022
Operating leases:
Lease cost	$	14.3		$	13.1
Variable lease cost		1.1			1.1
Short-term lease cost		0.1			0.3
Operating lease cost	$	15.5		$	14.5
Sublease income		(0.3	)		(0.4	)
Total lease cost net	$	15.2		$	14.1

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Operating Leases

The weighted average remaining lease term and the weighted average discount rate for operating leases as of March 31, 2023 were:

Weighted average remaining lease term	6.21
Weighted average discount rate	3.14	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of the operating lease liabilities by fiscal year at March 31, 2023 for the Company's operating leases are as follows:

(in millions)	Operating leases
2023 (Remainder)	$	38.8
2024		51.9
2025		44.7
2026		33.8
2027		27.0
Thereafter		64.5
Total undiscounted lease payments		260.7
Less: imputed interest		23.5
Present value of lease payments	$	237.2

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information for operating leases for the three months ended March 31, 2023 and 2022:

	Three months ended March 31,
(in millions)	2023		2022
Cash paid for amounts included in measurement of liabilities
Operating cash flows from operating leases	$	14.7	$	14.1
Right-of-use assets obtained in exchange for new operating liabilities	$	4.1	$	13.8