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Leases
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases Leases
The right of use assets and lease liabilities related to operating leases included in our balance sheet are as follows:
December 31, 2023December 31, 2022
Right of use assets included in other non-current assets$43.1 $53.1 
Short-term operating lease liabilities included in other accrued and current liabilities$15.0 $17.7 
Long-term operating lease liabilities included in other non-current liabilities33.8 43.9 
Total operating lease liabilities$48.8 $61.6 
We recognized $4.5 million and $5.9 million for both right of use assets and lease liabilities related to new operating leases for the years ended December 31, 2023 and 2022, respectively.
The operating lease cost, supplemental cash flow and other information, and maturity analysis for leases is as follows:
Year Ended December 31,
202320222021
Operating lease costs$16.1 $21.4 $28.1 
Variable lease costs8.0 5.8 5.1 
Short-term lease costs1.0 1.3 1.6 
Sublease income(3.1)(3.4)(2.4)
Total lease costs$22.0 $25.1 $32.4 
We recorded an impairment charge of $2.6 million and $1.9 million for the years ended December 31, 2022 and 2021, respectively, primarily as a result of our decision to consolidate office facilities in the United States and certain international markets.
Cash paid for operating leases is included in operating cash flows and was $21.5 million, $30.2 million and $36.8 million for the years ended December 31, 2023, 2022 and 2021, respectively.
We entered into three-year equipment finance lease agreements and recognized $16.3 million and $4.1 million right of use assets during the years ended December 31, 2023 and 2022, respectively, which were reported within "Property, plant and equipment" and depreciated on a straight-line basis over the lease term. We recognized short-term lease liabilities of $1.9 million and $4.1 million within "Other accrued and current liabilities" for the years ended December 31, 2023 and 2022, respectively, and long-term lease liabilities of $3.6 million within "Other Non-Current Liabilities" for the year ended December 31, 2023. Total payments of $14.9 million were made in 2023 for these equipment finance leases and included in financing cash flows. Remaining finance leases related to leased vehicles as of December 2023 and 2022 were immaterial.
The maturity analysis for operating lease liabilities is as follows:
 December 31, 2023
2024$17.3 
202515.2 
202611.6 
20276.1 
2028
2.7 
Thereafter1.1 
Undiscounted cash flows54.0 
Less imputed interest5.2 
Total operating lease liabilities$48.8 

Other supplemental information on remaining lease term and discount rate is as follows:
December 31,
 20232022
Weighted average remaining lease term (in years)3.64.1
Weighted average discount rate5.5 %5.1 %
Leases Leases
The right of use assets and lease liabilities related to operating leases included in our balance sheet are as follows:
December 31, 2023December 31, 2022
Right of use assets included in other non-current assets$43.1 $53.1 
Short-term operating lease liabilities included in other accrued and current liabilities$15.0 $17.7 
Long-term operating lease liabilities included in other non-current liabilities33.8 43.9 
Total operating lease liabilities$48.8 $61.6 
We recognized $4.5 million and $5.9 million for both right of use assets and lease liabilities related to new operating leases for the years ended December 31, 2023 and 2022, respectively.
The operating lease cost, supplemental cash flow and other information, and maturity analysis for leases is as follows:
Year Ended December 31,
202320222021
Operating lease costs$16.1 $21.4 $28.1 
Variable lease costs8.0 5.8 5.1 
Short-term lease costs1.0 1.3 1.6 
Sublease income(3.1)(3.4)(2.4)
Total lease costs$22.0 $25.1 $32.4 
We recorded an impairment charge of $2.6 million and $1.9 million for the years ended December 31, 2022 and 2021, respectively, primarily as a result of our decision to consolidate office facilities in the United States and certain international markets.
Cash paid for operating leases is included in operating cash flows and was $21.5 million, $30.2 million and $36.8 million for the years ended December 31, 2023, 2022 and 2021, respectively.
We entered into three-year equipment finance lease agreements and recognized $16.3 million and $4.1 million right of use assets during the years ended December 31, 2023 and 2022, respectively, which were reported within "Property, plant and equipment" and depreciated on a straight-line basis over the lease term. We recognized short-term lease liabilities of $1.9 million and $4.1 million within "Other accrued and current liabilities" for the years ended December 31, 2023 and 2022, respectively, and long-term lease liabilities of $3.6 million within "Other Non-Current Liabilities" for the year ended December 31, 2023. Total payments of $14.9 million were made in 2023 for these equipment finance leases and included in financing cash flows. Remaining finance leases related to leased vehicles as of December 2023 and 2022 were immaterial.
The maturity analysis for operating lease liabilities is as follows:
 December 31, 2023
2024$17.3 
202515.2 
202611.6 
20276.1 
2028
2.7 
Thereafter1.1 
Undiscounted cash flows54.0 
Less imputed interest5.2 
Total operating lease liabilities$48.8 

Other supplemental information on remaining lease term and discount rate is as follows:
December 31,
 20232022
Weighted average remaining lease term (in years)3.64.1
Weighted average discount rate5.5 %5.1 %