Leases (Tables)

9 Months Ended

Sep. 30, 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)		September 30, 2022		December 31, 2021
Assets:
Operating lease right-of-use assets	Operating lease assets	$	214.5	$	197.0
Total assets			214.5		197.0
Liabilities:
Current operating lease liabilities	Accrued expenses and other liabilities		46.7		43.4
Non-current operating lease liabilities	Operating lease liabilities		191.4		180.0
Total liabilities		$	238.1	$	223.4

Schedule of Components of Lease Cost for Operating Leases

The components of lease cost for operating leases for the three and nine months ended September 30, 2022 and 2021 were:

	Three months ended September 30,						Nine months ended September 30,
(in millions)	2022			2021			2022			2021
Operating leases:
Lease cost	$	14.5		$	13.0		$	40.8		$	39.6
Variable lease cost		1.0			1.1			3.2			3.1
Short-term lease cost		0.4			0.3			0.9			0.9
Operating lease cost	$	15.9		$	14.4		$	44.9		$	43.6
Sublease income		(0.4	)		(0.6	)		(1.2	)		(1.3	)
Total lease cost net	$	15.5		$	13.8		$	43.7		$	42.3

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 September 30, 2022 were:

Weighted average remaining lease term	6.21
Weighted average discount rate	2.84	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of the operating lease liabilities by fiscal year at September 30, 2022 for the Company's operating leases are as follows:

(in millions)	Operating leases
2022 (Remainder)	$	14.9
2023		55.5
2024		48.1
2025		40.1
2026		29.7
Thereafter		74.3
Total undiscounted lease payments		262.6
Less: Imputed interest		24.5
Present value of lease payments	$	238.1

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information for operating leases for the three and nine months ended September 30, 2022 and 2021:

	Three months ended September 30,				Nine months ended September 30,
(in millions)	2022		2021		2022		2021
Cash paid for amounts included in measurement of liabilities
Operating cash flows from operating leases	$	16.1	$	13.9	$	43.9	$	41.7
Right-of-use assets obtained in exchange for new operating liabilities	$	8.4	$	14.1	$	35.9	$	34.1