Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease Cost Components

The components of lease costs for the years ended December 31, 2022 and 2021 were as follows.

TABLE 80: LEASE COST COMPONENTS

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2022		2021
Operating Lease Cost	$	104.5	$	96.2
Variable Lease Cost (1)	82.2		76.9
Sublease Income	(2.9)		(4.5)
Total Lease Cost	$	183.8	$	168.6

(1) Variable Lease Cost includes rental payments based on usage, common-area maintenance costs and property taxes.

The following table provides supplemental cash flow information related to leases for the years ended December 31, 2022 and 2021.

TABLE 84: SUPPLEMENTAL CASH FLOW INFORMATION

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2022		2021
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows	$	70.3	$	69.5
Supplemental non-cash information
Right-of-use assets obtained in exchange for new operating lease liabilities	$	61.0	$	58.5

Maturity of Lease Liability

The following table presents a maturity analysis of lease liabilities as of December 31, 2022.

TABLE 81: MATURITY OF LEASE LIABILITIES

(In Millions)	MATURITY OF LEASE LIABILITIES
2023	$	88.3
2024	86.3
2025	88.5
2026	71.9
2027	71.4
Later Years	319.2
Total Lease Payments	725.6
Less: Imputed Interest	(99.4)
Present Value of Lease Liabilities	$	626.2

Leases

The location and amount of ROU assets and lease liabilities recorded on the consolidated balance sheets as of December 31, 2022 and 2021 are presented in the following table.

TABLE 82: LOCATION AND AMOUNT OF LEASE ASSETS AND LIABILITIES

(In Millions)	LOCATION OF LEASE ASSETS AND LEASE LIABILITIES ON THE BALANCE SHEET	DECEMBER 31, 2022		DECEMBER 31, 2021
Assets
Operating Lease Right-of-Use Asset	Other Assets	$	484.8	$	531.2
Liabilities
Operating Lease Liability	Other Liabilities	$	626.2	$	663.1

The weighted-average remaining lease term and weighted-average discount rate applied to leases as of December 31, 2022 and 2021 were as follows:

TABLE 83: WEIGHTED-AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE

	DECEMBER 31, 2022		DECEMBER 31, 2021
Operating Leases
Weighted-Average Remaining Lease Term	9.3 years		9.6 years
Weighted-Average Discount Rate	3.0	%	2.4	%