XML 28 R19.htm IDEA: XBRL DOCUMENT v3.22.2
Leases
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases 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 June 30,Six Months Ended June 30,
 2022202120222021
Operating lease costs$27.3 $26.4 $54.7 $53.2 
Finance lease costs:
Amortization of right-of-use assets3.1 1.4 5.8 2.6 
Interest on lease obligations0.5 0.1 1.0 0.2 
Variable lease costs2.2 2.2 4.4 4.6 
Total lease costs$33.2 $30.1 $65.9 $60.6 
The following table presents supplemental cash flow information related to the Company’s leases (in millions):
 Six Months Ended June 30,
 20222021
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases$51.7 $49.7 
Operating cash flows from finance leases$0.9 $0.2 
Financing cash flows from finance leases$4.9 $1.7 
Right-of-use assets obtained in exchange for new finance lease liabilities$30.5 $13.7 
Right-of-use assets obtained in exchange for new operating lease liabilities$14.4 $45.9 
As of June 30, 2022, the Company’s operating leases had a weighted-average remaining lease term of 6.0 years and a weighted-average discount rate of 3.80%, and the Company’s finance leases had a weighted-average remaining lease term of 5.0 years and a weighted-average discount rate of 4.12%.
The following table summarizes future lease payments as of June 30, 2022 (in millions):
Year Ending December 31,Operating Leases Finance Leases
2022 (July - December)$52.5 $6.5 
202399.5 12.8 
202484.7 12.7 
202565.3 12.4 
202652.1 10.9 
Thereafter121.5 6.9 
Total future lease payments475.6 62.2 
Imputed interest(51.5)(6.0)
Total lease liabilities$424.1 $56.2 
Leases 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 June 30,Six Months Ended June 30,
 2022202120222021
Operating lease costs$27.3 $26.4 $54.7 $53.2 
Finance lease costs:
Amortization of right-of-use assets3.1 1.4 5.8 2.6 
Interest on lease obligations0.5 0.1 1.0 0.2 
Variable lease costs2.2 2.2 4.4 4.6 
Total lease costs$33.2 $30.1 $65.9 $60.6 
The following table presents supplemental cash flow information related to the Company’s leases (in millions):
 Six Months Ended June 30,
 20222021
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases$51.7 $49.7 
Operating cash flows from finance leases$0.9 $0.2 
Financing cash flows from finance leases$4.9 $1.7 
Right-of-use assets obtained in exchange for new finance lease liabilities$30.5 $13.7 
Right-of-use assets obtained in exchange for new operating lease liabilities$14.4 $45.9 
As of June 30, 2022, the Company’s operating leases had a weighted-average remaining lease term of 6.0 years and a weighted-average discount rate of 3.80%, and the Company’s finance leases had a weighted-average remaining lease term of 5.0 years and a weighted-average discount rate of 4.12%.
The following table summarizes future lease payments as of June 30, 2022 (in millions):
Year Ending December 31,Operating Leases Finance Leases
2022 (July - December)$52.5 $6.5 
202399.5 12.8 
202484.7 12.7 
202565.3 12.4 
202652.1 10.9 
Thereafter121.5 6.9 
Total future lease payments475.6 62.2 
Imputed interest(51.5)(6.0)
Total lease liabilities$424.1 $56.2