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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:

 

Year Ended December 31,

 

 

2021

 

 

2020

 

 

2019

 

 

Finance lease cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

$

.6

 

 

$

.9

 

 

$

.9

 

 

Interest on lease liabilities

 

 

 

 

 

 

 

.1

 

 

 

.1

 

 

Operating lease cost

 

 

 

16.3

 

 

 

16.6

 

 

 

16.9

 

 

Short-term lease cost

 

 

 

3.0

 

 

 

.8

 

 

 

.7

 

 

Variable lease cost

 

 

 

1.5

 

 

 

1.7

 

 

 

1.8

 

 

Total lease cost

 

 

$

21.4

 

 

$

20.1

 

 

$

20.4

 

 

Schedule of Balance Sheet Information Related to Leases

Balance sheet information related to leases was as follows:

 

 

2021

 

 

2020

 

At December 31,

OPERATING LEASES

 

 

FINANCE LEASES

 

 

OPERATING LEASES

 

 

FINANCE LEASES

 

TRUCK, PARTS AND OTHER:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other noncurrent assets

$

29.8

 

 

$

.9

 

 

$

30.9

 

 

$

1.0

 

FINANCIAL SERVICES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other assets

 

6.0

 

 

 

 

 

 

 

9.0

 

 

 

 

 

     Total right-of-use assets

$

35.8

 

 

$

.9

 

 

$

39.9

 

 

$

1.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TRUCK, PARTS AND OTHER:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable, accrued expenses and other

$

12.8

 

 

$

.4

 

 

$

11.4

 

 

$

.5

 

Other liabilities

 

17.6

 

 

 

.5

 

 

 

20.3

 

 

 

.5

 

FINANCIAL SERVICES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable, accrued expenses and other

 

1.5

 

 

 

 

 

 

 

2.0

 

 

 

 

 

Deferred taxes and other liabilities

 

4.2

 

 

 

 

 

 

 

6.6

 

 

 

 

 

     Total lease liabilities

$

36.1

 

 

$

.9

 

 

$

40.3

 

 

$

1.0

 

 

Schedule of Weighted-Average Remaining Lease Term and Discount Rate

The weighted-average remaining lease term and discount rate were as follows at December 31:

 

 

2021

 

 

2020

 

 

OPERATING LEASES

 

 

FINANCE LEASES

 

 

OPERATING LEASES

 

 

FINANCE LEASES

 

Weighted-average remaining lease term

4.6 years

 

 

2.2 years

 

 

5.7 years

 

 

2.3 years

 

Weighted-average discount rate

 

1.1

%

 

 

2.0

%

 

 

1.4

%

 

 

2.5

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities are as follows:

 

Beginning January 1,

OPERATING LEASES

 

 

FINANCE LEASES

 

2022

$

14.5

 

 

$

.5

 

2023

 

9.3

 

 

 

.3

 

2024

 

5.0

 

 

 

.1

 

2025

 

2.9

 

 

 

 

 

2026

 

1.6

 

 

 

 

 

Thereafter

 

3.4

 

 

 

 

 

Total lease payments

 

36.7

 

 

 

.9

 

Less: interest

 

(.6

)

 

 

 

 

     Total lease liabilities

$

36.1

 

 

$

.9

 

Schedule of Cash Flow Information Related to Leases

Cash flow information related to leases was as follows:

 

Year Ended December 31,

 

 

2021

 

 

2020

 

 

2019

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

$

16.7

 

 

$

17.2

 

 

$

17.0

 

 

Operating cash flows from finance leases

 

 

 

 

 

 

 

.1

 

 

 

.2

 

 

Financing cash flows from finance leases

 

 

 

.6

 

 

 

.9

 

 

 

1.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

 

8.1

 

 

 

19.9

 

 

 

8.9

 

 

Finance leases

 

 

 

.4

 

 

 

.5

 

 

 

.7