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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease Cost
The following table presents additional information related to our operating leases in accordance ASC 842, Leases ("ASC 842"):
(in millions)Year Ended December 31,
20222021
Lease Cost
Operating lease costs (1)
$70.4 $67.7 
Short-term lease costs (2)
35.9 33.9 
Sublease income(0.2)(5.8)
Net lease costs$106.1 $95.8 
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (1)
$(70.4)$(67.7)
Leased assets obtained in exchange for new operating lease liabilities$28.5 $87.1 
Leased assets obtained in exchange for new financing lease liabilities$0.1 $15.7 
December 31, 2022December 31, 2021
Weighted-average remaining lease term (years) operating leases4.34.7
Weighted-average remaining lease term (years) financing leases6.46.6
Weighted-average discount rate operating leases (3)
6.1 %6.3 %
Weighted-average discount rate financing leases (3)
3.4 %3.2 %
(1) Includes an immaterial amount of financing lease cost.
(2) Includes an immaterial amount of variable lease cost.
(3) Our discount rate is primarily based on our incremental borrowing rate in accordance with ASC 842.
Schedule of Operating Lease Liability Maturity
The following is an estimate of the maturity of our lease liabilities for operating and financing leases having remaining noncancelable terms in excess of one year as of December 31, 2022 (in millions) under the lease guidance ASC 842:
Maturity of Lease LiabilitiesTotal
12 months or less$61.3 
13-24 months46.7 
25-36 months37.8 
37-48 months20.8 
49- 60 months18.6 
Thereafter29.5 
Total future lease payments214.7 
Less: Interest42.7 
Present Value of Lease Liabilities$172.0