Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Assets And Liabilities, Lessee

The following table summarizes the balance sheet information related to our operating and finance leases (in millions):

	December 31,
	2021		2020
Operating leases
Operating lease right-of-use assets, net	$	27.4	$	36.8
Accrued expenses and other liabilities	$	13.2	$	14.7
Other long-term liabilities	19.4		28.5
Total operating lease liabilities	$	32.6	$	43.2
Finance leases
Property, plant and equipment	$	12.3	$	13.3
Less: accumulated depreciation	9.2		7.9
Property, plant and equipment, net	$	3.1	$	5.4
Accrued expenses and other liabilities	$	1.7	$	2.9
Other long-term liabilities	1.2		1.9
Total finance lease liabilities	$	2.9	$	4.8

Lease, Cost

The following table presents the weighted-average remaining lease term and the weighted-average discount rate associated with our operating and finance leases:

	December 31,
	2021		2020
Weighted-average remaining lease term (in years)
Operating leases(1)	3.9		4.3
Finance leases(2)	2.6		1.7
Weighted-average discount rate
Operating leases(3)	5.9	%	6.2	%
Finance leases(3)	5.5	%	7.3	%

(1)    Remaining terms vary from one year to 18 years as of December 31, 2021.

(2)    Remaining terms vary from one year to five years as of December 31, 2021.

(3)    As of December 31, 2021 and 2020, we utilized discount rates ranging from 1.5% to 8.3% and 2.6% to 12.8%, respectively, to estimate the discounted cash flows used in estimating our right-of-use assets and lease liabilities, which were primarily based on our credit-adjusted collateralized incremental borrowing rate.

The following table presents the costs and sublease income associated with our operating and finance leases (in millions):

	Year Ended December 31,
	2021		2020		2019
Operating leases
Operating lease expense(1)(2)	$	20.0	$	27.2	$	28.3
Lease income(3)	(3.7)		(1.7)		(1.0)
Total operating lease expense, net	$	16.3	$	25.5	$	27.3
Finance leases
Amortization of right-of-use assets(4)	$	3.0	$	3.5	$	3.6
Interest on lease liabilities(5)	0.3		0.5		0.7
Total finance lease expense	$	3.3	$	4.0	$	4.3

(1)Approximately $13.4 million, $17.6 million and $17.5 million is included in costs of product/services sold, $3.9 million, $6.7 million and $8.0 million is included in operations and maintenance expense and $2.7 million, $2.9 million and $2.8 million is included in general and administrative expense on our consolidated statements of operations for the years ended December 31, 2021, 2020 and 2019, respectively.

(2)Includes short-term and variable lease costs of approximately $2.2 million, $5.5 million and $3.7 million for the years ended December 31, 2021, 2020 and 2019.

(3)Included in service revenues on our consolidated statements of operations.

(4)Included in depreciation, amortization and accretion expense on our consolidated statements of operations.

(5)Included in interest and debt expense, net on our consolidated statements of operations.

The following table presents supplemental cash flow information for our operating and finance leases (in millions):

	Year Ended December 31,
	2021		2020		2019
Cash paid for lease liabilities
Operating cash flows from operating leases	$	19.0	$	21.3	$	22.9
Operating cash flows from finance leases	$	0.3	$	0.5	$	0.7
Financing cash flows from finance leases	$	2.8	$	3.1	$	3.5
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	—	$	2.1	$	4.2
Finance leases	$	1.5	$	0.4	$	1.8

Lessee, Operating Lease, Liability, Maturity

The following table presents the future minimum lease liabilities for our leases as of December 31, 2021 for the next five years and in total thereafter (in millions):

Year Ending December 31,	Operating Leases		Finance Leases		Total
2022	$	14.6	$	1.8	$	16.4
2023	7.5		0.5		8.0
2024	6.6		0.3		6.9
2025	3.2		0.3		3.5
2026	3.0		0.2		3.2
Thereafter	2.0		—		2.0
Total lease payments	36.9		3.1		40.0
Less: interest	4.3		0.2		4.5
Present value of lease liabilities	$	32.6	$	2.9	$	35.5

Finance Lease, Liability, Fiscal Year Maturity

The following table presents the future minimum lease liabilities for our leases as of December 31, 2021 for the next five years and in total thereafter (in millions):

Year Ending December 31,	Operating Leases		Finance Leases		Total
2022	$	14.6	$	1.8	$	16.4
2023	7.5		0.5		8.0
2024	6.6		0.3		6.9
2025	3.2		0.3		3.5
2026	3.0		0.2		3.2
Thereafter	2.0		—		2.0
Total lease payments	36.9		3.1		40.0
Less: interest	4.3		0.2		4.5
Present value of lease liabilities	$	32.6	$	2.9	$	35.5