Leases (Tables)

12 Months Ended

Sep. 30, 2023

The components of lease expense were (in millions):


	2023		2022		2021
Operating lease expense (1)	$	100.2	$	103.6	$	109.8
Variable lease expense (2)	18.8		16.6		15.8
Finance lease expense
Amortization of right-of-use assets	5.2		6.9		1.7
Interest on lease liabilities	0.3		0.6		0.4
Total lease expense	$	124.5	$	127.7	$	127.7

(1) Operating lease expense includes short-term lease expense, which was not material.

(2) Variable lease expense includes sublease income, which was not material.

Supplemental cash flow information related to leases consists of (in millions):


	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	101.7	$	102.9	$	108.5
Operating cash flows from finance leases	0.3		0.6		0.4
Financing cash flows from finance leases	5.5		8.8		1.8
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	93.3	$	63.4	$	90.6
Financing leases	—		11.8		0.9

Supplemental balance sheet information related to leases consists of:


	2023		2022
Weighted average remaining lease term
Operating leases	5.8 years		6.3 years
Finance leases	1.6 years		3.0 years
Weighted average discount rate
Operating leases	3.03	%	2.07	%
Finance leases	3.27	%	2.04	%

Undiscounted maturities of lease liabilities as of September 30, 2023, were (in millions):


	Finance Leases		Operating Leases
2024	$	7.0	$	93.5
2025	3.4		82.9
2026	—		64.4
2027	—		49.1
2028	—		35.4
Thereafter	—		73.9
Total undiscounted lease payments	$	10.4	$	399.2
Less: Imputed interest	(0.3)		(30.5)
Total lease liabilities	$	10.1	$	368.7