Leases (Tables)

6 Months Ended

Jun. 30, 2023

Supplemental balance sheet information related to leases as of June 30, 2023 and December 31, 2022 was as follows:


	Balance Sheet Caption	June 30, 2023		December 31, 2022
Right-of-Use (“ROU”) Assets:
Building ROU assets - net - operating	Other noncurrent assets	$	111.5	$	104.4
Equipment ROU assets - net - operating	Other noncurrent assets	5.0		5.6
Equipment ROU assets - net - financing	Property, plant and equipment	2.0		6.1
Total ROU assets - net		$	118.5	$	116.1
Lease Liabilities:
Current lease liabilities	Accrued expenses	$	21.6	$	21.6
Noncurrent lease liabilities	Other noncurrent liabilities	101.6		96.6
Total lease liabilities		$	123.2	$	118.2

The components of lease cost for the three and six months ended June 30, 2023 and 2022 were as follows:

(1) Includes short-term leases, which are immaterial.

Supplemental cash flow information related to leases for the six months ended June 30, 2023 and 2022 was as follows:


	Six Months Ended June 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities	$	15.7	$	16.9
Right-of-use assets obtained in exchange for new lease liabilities	17.1		9.3

Other supplemental information related to leases as of June 30, 2023 and December 31, 2022 was as follows:


Lease Term and Discount Rate	June 30, 2023		December 31, 2022
Weighted-average remaining lease term (years):
Operating leases - building and equipment	7.28		7.43
Operating leases - vehicles	2.13		2.14
Financing leases - equipment	4.10		2.05
Weighted-average discount rate:
Operating leases - building and equipment	3.66	%	3.41	%
Operating leases - vehicles	2.46	%	1.70	%
Financing leases - equipment	4.96	%	4.48	%

Total lease liabilities at June 30, 2023 have scheduled maturities as follows:


Maturity of Lease Liabilities
2023 (excluding the six months ended June 30, 2023)	$	12.8
2024	19.6
2025	22.3
2026	19.4
2027	15.7
Thereafter	52.1
Total lease payments	141.9
Less: Imputed interest	(18.7)
Present value of lease liabilities	$	123.2