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Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Summary of Operating Lease Expense, Cash Flow Information, And Weighted Average Remaining Lease Terms and Discount Rates
Operating lease expenses are recorded in "Cost of sales" and "Selling, general and administrative expenses" on the Unaudited Condensed Consolidated Statements of Earnings (Loss). Refer to the below table for a summary of these lease expenses:
Three months ended September 30, 2021Three months ended September 30, 2020Nine months ended September 30, 2021Nine months ended September 30, 2020
Operating lease cost$14.0 $12.8 $42.6 $38.3 
Short-term and variable lease cost5.6 6.7 16.1 19.5 
Total lease cost$19.6 $19.5 $58.7 $57.8 
Supplemental cash flow information related to operating leases is as follows:
Nine months ended September 30, 2021Nine months ended September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows - Payments on operating leases$42.1 $38.3 
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases$52.5 $42.0 
Weighted average remaining lease terms and discount rates for operating leases are as follows:
September 30, 2021December 31, 2020
Weighted Average Remaining Lease Term5.6 years4.5 years
Weighted Average Discount Rate5.4 %5.8 %
Supplemental Balance Sheet Information Related to Operating Leases Supplemental balance sheet information related to operating leases is as follows:
Financial statement line itemSeptember 30, 2021December 31, 2020
Operating lease right-of-use assetsOther assets$158.0 $145.8 
Operating lease liabilitiesAccrued expenses and other liabilities45.9 42.3 
Operating lease liabilitiesOther long-term liabilities115.9 107.3 
Total lease liabilities$161.8 $149.6 
Summary of Maturities of Lease Liabilities
Maturities of lease liabilities are as follows:
September 30, 2021December 31, 2020
Operating Leases
2021$13.7 $51.0 
202249.9 41.4 
202341.4 33.4 
202428.7 20.9 
202517.4 10.4 
Thereafter42.9 17.2 
Total Lease Payments194.0 174.3 
Less: Imputed Interest(32.2)(24.7)
Present value of lease liabilities$161.8 $149.6