XML 34 R23.htm IDEA: XBRL DOCUMENT v3.22.2
Leases
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases

(15) Leases

The components of lease expense were as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease expense

 

$

31.1

 

 

$

34.9

 

 

$

64.0

 

 

$

70.4

 

Short-term lease expense

 

 

1.4

 

 

 

1.6

 

 

 

2.6

 

 

 

3.1

 

Other lease expense(1)

 

 

4.3

 

 

 

4.1

 

 

 

9.0

 

 

 

9.0

 

Total lease expense

 

$

36.8

 

 

$

40.6

 

 

$

75.6

 

 

$

82.5

 

(1)
Other lease expense includes variable lease expense and sublease income.

Other information related to leases was as follows:

 

 

 

Six Months Ended June 30,

 

Supplemental Cash Flow Information

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

63.7

 

 

$

69.6

 

Operating ROU assets obtained in exchange for lease obligations

 

 

13.5

 

 

 

15.2

 

 

 

 

June 30,

 

 

December 31,

 

Supplemental Balance Sheet Information

 

2022

 

 

2021

 

Operating Leases

 

 

 

 

 

 

Operating lease ROU assets

 

$

314.0

 

 

$

373.4

 

 

 

 

 

 

 

 

Operating lease liabilities - current(1)

 

$

101.8

 

 

$

110.0

 

Operating lease liabilities - long-term

 

 

222.2

 

 

 

275.8

 

Total operating lease liabilities

 

$

324.0

 

 

$

385.8

 

(1) Operating lease liabilities - current are included in accrued expenses on our Consolidated Balance Sheets.

 

 

 

June 30,

 

 

 

2022

 

 

2021

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

Operating leases

 

4.9 years

 

 

5.0 years

 

Weighted Average Discount Rate

 

 

 

 

 

 

Operating leases

 

 

2.3

%

 

 

2.9

%

 

Maturities of operating lease liabilities as of June 30, 2022 were as follows:

 

Period Ending June 30, 2022

 

Operating Leases

 

 Remainder of 2022

 

$

58.0

 

 2023

 

 

91.2

 

 2024

 

 

62.6

 

 2025

 

 

40.5

 

 2026

 

 

29.5

 

 2027

 

 

22.2

 

Thereafter

 

 

41.7

 

Total future undiscounted lease payments

 

 

345.7

 

   Less imputed interest

 

 

(21.7

)

Total operating lease liabilities

 

$

324.0