Leases (Notes)

12 Months Ended

Dec. 31, 2023

The Company has operating leases for corporate offices, branch offices, and data centers. The following table includes certain information about these leases (dollars in millions).


	Year Ended December 31,
	2023			2022			2021
Components of lease expense —
Operating lease expense	$	26.1		$	25.4		$	26.9
Short-term lease expense	7.5			6.9			5.4
Variable lease expense	5.7			4.8			5.1
	$	39.3		$	37.1		$	37.4

Weighted-average remaining lease term of operating leases	3.9 years			3.1 years			3.2 years
Weighted-average discount rate of operating leases	5.03		%	3.67		%	3.47		%

Supplemental cash flow information —
Cash paid for operating lease liabilities	$	26.3		$	28.3		$	29.1
Right-of-use assets obtained with lease liabilities	$	36.3		$	15.6		$	10.8

Future maturities of operating lease liabilities are as follows (in millions):


2024	$	22.8
2025	19.3
2026	15.1
2027	10.5
2028	5.8
Thereafter	2.5
Total future minimum lease payments	76.0
Less: imputed interest	7.4
	$	68.6