Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

LEASES

We have operating leases primarily for certain of our major facilities, including corporate offices, research and development facilities, and manufacturing facilities. Lease terms range from 1 to 13 years, and certain leases include options to extend the lease for up to 9 years. We consider options to extend the lease in determining the lease term.

Operating lease expense consisted of:

At the End of Year	2021		2020
(In millions)
Operating lease expense	$	35.5	$	38.1
Short-term lease expense and other	17.8		15.7
Total lease expense	$	53.3	$	53.8

Supplemental cash flow information related to leases was as follows:

At the End of Year	2021		2020
(In millions)
Cash paid for liabilities included in the measurement of lease liabilities:
Operating cash flows from operating leases (1)	$	35.9	$	37.0
Right-of-use assets obtained in exchange for Operating lease liabilities:	$	49.5	$	29.4

(1)Excludes cash payments for short-term leases, which are not capitalized.

Supplemental balance sheet information related to leases was as follows:

At the End of Year	2021			2020
(In millions)
Operating lease right-of-use assets	$	141.0		$	128.9
Other current liabilities	$	35.0		$	33.8
Operating lease liabilities	121.4			109.2
Total operating lease liabilities	$	156.4		$	143.0
Weighted-average discount rate	3.31		%	3.86		%
Weighted-average remaining lease term	7 years			6 years

At the end of 2021, the maturities of lease liabilities were as follows:

(In million)
2022	$	37.4
2023	30.3
2024	23.6
2025	18.3
2026	14.7
Thereafter	49.3
Total lease payments	$	173.6
Less: imputed interest	17.2
Total	$	156.4