Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Schedule of Balances and Classification of Operating Lease Right-of-Use Assets and Operating Lease Liabilities within Condensed Consolidated Balance Sheet

The balances and classification of operating lease right-of-use assets and operating lease liabilities within the Condensed Consolidated Balance Sheet is as follows:

(in millions)		March 31, 2022		December 31, 2021
Balance Sheet
Assets:
Operating lease right-of-use assets	Operating lease assets	$	204.2	$	197.0
Total assets			204.2		197.0
Liabilities:
Current operating lease liabilities	Accrued expenses and other liabilities		44.4		43.4
Non-current operating lease liabilities	Operating lease liabilities		185.7		180.0
Total liabilities		$	230.1	$	223.4

Schedule of Components of Lease Cost for Operating Leases

The components of lease cost for operating leases for the three months ended March 31, 2022 and 2021 were:

	Three months ended March 31,
(in millions)	2022			2021
Operating leases:
Lease cost	$	13.1		$	13.3
Variable lease cost		1.1			1.0
Short-term lease cost		0.3			0.2
Operating lease cost	$	14.5		$	14.5
Sublease income		(0.4	)		(0.4	)
Total lease cost net	$	14.1		$	14.1

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Operating Leases

The weighted average remaining lease term and the weighted average discount rate for operating leases as of March 31, 2022 were:

Weighted-average remaining lease term	6.44
Weighted-average discount rate	2.62	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of the operating lease liabilities by fiscal year at March 31, 2022 for the Company's operating leases are as follows:

(in millions)	Operating leases
2022 (Remainder)	$	37.0
2023		47.5
2024		40.6
2025		33.7
2026		24.7
Thereafter		63.1
Total undiscounted lease payments		246.6
Less: Imputed interest		16.5
Present value of lease payments	$	230.1

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information for operating leases for the three months ended March 31, 2022 and 2021:

	Three months ended March 31,
(in millions)	2022		2021
Cash paid for amounts included in measurement of liabilities
Operating cash flows from operating leases	$	14.1	$	13.8
Right-of-use assets obtained in exchange for new operating    liabilities	$	13.8	$	5.2