Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

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

The balances and classification of operating lease right-of-use assets and operating lease liabilities within the Consolidated Balance Sheets as of December 31, 2023 and 2022 is as follows:

(in millions)		December 31, 2023		December 31, 2022
Balance Sheet
Assets:
Operating lease right-of-use assets		$	198.8	$	214.9
Total assets	Operating lease assets		198.8		214.9
Liabilities:
Current operating lease liabilities	Accrued expenses and other liabilities		45.4		45.0
Non-current operating lease liabilities	Operating lease liabilities		178.6		195.9
Total liabilities		$	224.0	$	240.9

Schedule of Components of Lease Cost for Operating Leases

The components of lease cost for operating leases for the 12 months ended December 31, 2023 and 2022 were:

(in millions)	For the year ended December 31, 2023			For the year ended December 31, 2022
Operating leases:
Lease cost	$	57.8		$	55.5
Variable lease cost		4.7			4.3
Short-term lease cost		0.1			0.9
Operating lease cost		62.6			60.7
Sublease income		(1.4	)		(1.5	)
Total lease cost net	$	61.2		$	59.2

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 December 31, 2023 were:

Weighted average remaining lease term	5.9
Weighted average discount rate	3.44	%

Schedule of Maturities of Operating Lease Liabilities

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

(in millions)	Operating Leases
2024	$	51.5
2025		49.6
2026		38.7
2027		31.7
2028		23.8
Thereafter		51.1
Total undiscounted lease payments		246.4
Less: Imputed interest		22.4
Present value of future lease payments	$	224.0

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information for operating leases:

(in millions)	For the year ended December 31, 2023		For the year ended December 31, 2022
Cash paid for amounts included in measurement of liabilities
Operating cash flows from operating leases	$	61.3	$	58.2
Right-of-use assets obtained in exchange for new operating    liabilities	$	22.4	$	71.0