XML 55 R37.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Lessee Disclosure [Abstract]  
Supplemental Balance Sheet Disclosures
Supplemental balance sheet information related to leases as of December 31, 2021 and 2020 was as follows:

Balance Sheet CaptionDecember 31, 2021December 31, 2020
(In millions)
Operating leases:
Building right-of-use assets - netOther noncurrent assets$101.0 $100.8 
Equipment right-of-use assets - netOther noncurrent assets6.2 5.8 
Total right-of-use assets - net$107.2 $106.6 
Operating leases:
Current lease liabilitiesAccrued expenses$17.6 $16.7 
Noncurrent lease liabilitiesOther noncurrent liabilities93.4 94.3 
Total lease liabilities$111.0 $111.0 
Schedule of Lease, Cost
The components of lease cost for the years ended December 31, 2021, 2020 and 2019 were as follows:

202120202019
(In millions)
Operating lease cost (1)
$31.5 $29.5 $23.0 
Variable lease cost2.3 1.9 2.3 
Total lease expense$33.8 $31.4 $25.3 

(1) Includes short-term leases, which are immaterial.
Schedule of Cash Flow, Supplemental Disclosures
Supplemental cash flow information related to leases for the years ended December 31, 2021, 2020 and 2019 was as follows:

202120202019
(In millions)
Cash paid for amounts included in the measurement of operating lease liabilities$31.2 $28.7 $22.9 
Right-of-use assets obtained in exchange for new operating lease liabilities16.0 40.4 25.9 

Other supplemental information related to leases as of December 31, 2021 and 2020 was as follows:

Lease Term and Discount RateDecember 31, 2021December 31, 2020
Weighted-average remaining lease term (years):
Operating leases - building and equipment8.509.43
Operating leases - vehicles2.342.01
Weighted-average discount rate:
Operating leases - building and equipment3.27 %3.51 %
Operating leases - vehicles1.08 %2.05 %
Schedule of Operating Lease, Liability, Maturity
Total lease liabilities at December 31, 2021 have scheduled maturities as follows:

Maturity of Lease LiabilitiesOperating Leases
(In millions)
2022$20.1 
202318.3 
202415.6 
202513.3 
202612.0 
Thereafter48.3 
Total lease payments127.6 
Less: Imputed interest(16.6)
Present value of lease liabilities$111.0 

Total lease liabilities at December 31, 2020 had scheduled maturities as follows:

Maturity of Lease LiabilitiesOperating Leases
(In millions)
2021$19.7 
202217.0 
202313.7 
202411.7 
202511.1 
Thereafter57.6 
Total lease payments$130.8 
Less: Imputed interest$(19.8)
Present value of lease liabilities$111.0