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Leases
3 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases

10. Leases

The following table summarizes components of lease costs recognized in the condensed consolidated statements of operations (in millions; amounts include both continuing and discontinued operations):

 

 

Three Months Ended December 31,

 

 

 

2021

 

 

2020

 

Operating lease costs

 

$

27.3

 

 

$

25.7

 

Finance lease costs:

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

2.0

 

 

 

1.0

 

Interest on lease obligations

 

 

0.3

 

 

 

0.1

 

Variable lease costs

 

 

2.1

 

 

 

2.3

 

Total lease costs

 

$

31.7

 

 

$

29.1

 

The following table presents supplemental cash flow information related to the Company's leases (in millions):

 

 

Three Months Ended December 31,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in measurement of lease obligations:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

26.2

 

 

$

24.4

 

Operating cash flows from finance leases

 

$

0.2

 

 

$

0.1

 

Financing cash flows from finance leases

 

$

1.5

 

 

$

0.6

 

Right-of-use assets obtained in exchange for new finance lease liabilities

 

$

6.3

 

 

$

1.7

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

10.8

 

 

$

4.5

 

 

As of December 31, 2021, the Company’s operating leases had a weighted-average remaining lease term of 5.9 years and a weighted-average discount rate of 3.61%, and the Company’s finance leases had a weighted-average remaining lease term of 5.0 years and a weighted-average discount rate of 3.52%. The following table summarizes future lease payments as of December 31, 2021 (in millions):

Year Ending December 31,

 

Operating Leases

 

 

Finance Leases

 

2022

 

$

102.1

 

 

$

7.4

 

2023

 

 

91.9

 

 

 

7.2

 

2024

 

 

76.4

 

 

 

7.0

 

2025

 

 

55.8

 

 

 

6.7

 

2026

 

 

42.7

 

 

 

5.2

 

Thereafter

 

 

91.8

 

 

 

1.6

 

Total future lease payments

 

 

460.7

 

 

 

35.1

 

Imputed interest

 

 

(45.4

)

 

 

(2.7

)

Total lease liabilities

 

$

415.3

 

 

$

32.4