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Leases
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases

(14) Leases

The components of lease expense were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Operating lease expense

 

$

32.9

 

 

$

35.5

 

Short-term lease expense

 

 

1.2

 

 

 

1.5

 

Other lease expense(1)

 

$

4.7

 

 

$

4.9

 

Total lease expense

 

$

38.8

 

 

$

41.9

 

(1)
Other lease expense includes variable lease expense and sublease income.

Other information related to leases was as follows:

 

 

 

Three Months Ended March 31,

 

Supplemental Cash Flow Information

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

33.3

 

 

$

34.7

 

Operating ROU assets obtained in exchange for lease obligations

 

 

9.5

 

 

 

11.0

 

 

 

 

March 31,

 

 

December 31,

 

Supplemental Balance Sheet Information

 

2022

 

 

2021

 

Operating Leases

 

 

 

 

 

 

Operating lease ROU assets

 

$

351.5

 

 

$

373.4

 

 

 

 

 

 

 

 

Operating lease liabilities - current(1)

 

$

106.0

 

 

$

110.0

 

Operating lease liabilities - long-term

 

 

256.3

 

 

 

275.8

 

Total operating lease liabilities

 

$

362.3

 

 

$

385.8

 

(1) Operating lease liabilities - current are included in accrued expenses on our Consolidated Balance Sheets.

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

Operating leases

 

5.1 years

 

 

5.1 years

 

Weighted Average Discount Rate

 

 

 

 

 

 

Operating leases

 

 

2.4

%

 

 

2.9

%

 

Maturities of operating lease liabilities as of March 31, 2022 were as follows:

 

(In millions)

 

 

 

Period Ending March 31, 2022

 

Operating Leases

 

 Remainder of 2022

 

$

88.4

 

 2023

 

 

94.3

 

 2024

 

 

66.9

 

 2025

 

 

42.3

 

 2026

 

 

31.7

 

 2027

 

 

24.1

 

Thereafter

 

 

44.2

 

Total future undiscounted lease payments

 

 

391.9

 

   Less imputed interest

 

 

(29.6

)

Total operating lease liabilities

 

$

362.3