Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Schedule of Lease ROUs and Lease Liabilities

As of September 30, 2021 and December 31, 2020, lease right-of-use assets and lease liabilities consist of the following (in millions):

	September 30, 2021		December 31, 2020
Right-of-use assets:
Operating lease (Other non-current assets)	$	68.1	$	39.8
Finance lease (Property, plant and equipment, net)	0.1		0.9
Total right-of-use assets	$	68.2	$	40.7
Lease liabilities:
Current portion of operating lease (Other current liabilities)	$	15.6	$	11.2
Non-current portion of operating lease (Other non-current liabilities)	56.7		31.6
Finance lease (Debt obligations)	0.1		0.8
Total lease liabilities	$	72.4	$	43.6

Schedule of Leases, Cost

The following table summarizes the components of lease expense for the three and nine months ended September 30, 2021 and 2020 (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Finance lease cost:
Amortization of right-of-use assets	$	0.2	$	0.3	$	0.8	$	0.9
Interest on lease liabilities	—		—		—		0.1
Net finance lease cost	0.2		0.3		0.8		1.0
Operating lease cost	7.9		6.8		15.7		14.0
Variable lease cost	0.1		—		0.3		0.2
Total lease cost	$	8.2	$	7.1	$	16.8	$	15.2

Cash flow information related to leases for the three and nine months ended September 30, 2021and 2020 is as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	—	$	—	$	—	$	0.1
Financing cash flows from finance leases	$	0.1	$	0.2	$	0.6	$	0.7
Operating cash flows from operating leases	$	8.1	$	6.8	$	16.0	$	13.9
Right-of-use assets obtained in exchange for new lease liabilities
Finance leases	$	—	$	—	$	—	$	0.1
Operating leases	$	1.7	$	3.5	$	42.9	$	15.6

As of September 30, 2021 and December 31, 2020, the weighted-average remaining lease term and the weighted-average discount rate for finance leases and operating leases are as follows:

	September 30, 2021		December 31, 2020
Weighted-average remaining lease term (years) - operating lease	7.5		4.0
Weighted-average remaining lease term (years) - finance lease	1.3		1.1
Weighted-average discount rate - operating lease	5.3	%	6.3	%
Weighted-average discount rate - finance lease	5.2	%	9.0	%

Schedule of Finance Lease, Liability, Maturity

As of September 30, 2021, undiscounted cash flows for finance and operating leases are as follows (in millions):

	Operating Leases		Finance Leases
2021	$	4.8	$	0.1
2022	18.0		—
2023	15.1		—
2024	10.3		—
2025	7.2		—
Thereafter	33.1		—
Total future lease payments	88.5		0.1
Less: Present values	(16.2)		—
Total lease liability balance	$	72.3	$	0.1

Schedule of Operating Lease, Liability, Maturity

As of September 30, 2021, undiscounted cash flows for finance and operating leases are as follows (in millions):

	Operating Leases		Finance Leases
2021	$	4.8	$	0.1
2022	18.0		—
2023	15.1		—
2024	10.3		—
2025	7.2		—
Thereafter	33.1		—
Total future lease payments	88.5		0.1
Less: Present values	(16.2)		—
Total lease liability balance	$	72.3	$	0.1