Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Summary of Lease Cost

The following tables provide information about the Company’s leases. Since finance leases are not material the finance lease cost components have not been disclosed in the tables below.

Lease cost
(in millions)	Year ended December 31
	2020			2019
Operating lease cost	$	45.9		$	48.5
Short-term lease cost		8.2			6.8
Variable lease cost		2.3			3.6
Sublease income		(1.6	)		(2.4	)
Total lease cost	$	54.8		$	56.5

Summary of Other Information

Other information
(in millions)	Year ended or as of December 31,
	2020			2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	46.3		$	47.6
Right-of-use assets obtained in exchange for new operating lease liabilities		48.0			55.9
Weighted-average remaining lease term - operating leases	6 years			7 years
Weighted-average discount rate - operating leases		1.9	%		2.3	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities (undiscounted cash flows) are as follows:
(in millions)
	Maturities
2021	$	37.8
2022		30.6
2023		22.6
2024		16.3
2025		12.7
Thereafter		30.0
Total operating lease payments		150.0
Less imputed interest		(9.4	)
Total operating lease liabilities	$	140.6