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Leases
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases

(13) Leases

 

The components of lease expense were as follows:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Operating lease expense

 

$

132.4

 

 

$

140.8

 

 

$

143.1

 

Short-term lease expense

 

 

5.2

 

 

 

6.0

 

 

 

11.3

 

Other lease expense(1)

 

 

11.8

 

 

 

20.4

 

 

 

16.7

 

Total lease expense

 

$

149.4

 

 

$

167.2

 

 

$

171.1

 

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

 

Other information related to leases was as follows:

 

 

 

Year Ended December 31,

 

Supplemental Cash Flow Information

 

2022

 

 

2021

 

 

2020

 

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

 

$

127.7

 

 

$

139.6

 

 

$

142.0

 

Operating ROU assets obtained in exchange for lease obligations

 

 

92.5

 

 

 

70.2

 

 

 

63.6

 

 

 

 

December 31,

 

 

December 31,

 

Supplemental Balance Sheet Information

 

2022

 

 

2021

 

Operating Leases

 

 

 

 

 

 

Operating lease ROU assets

 

$

365.7

 

 

$

373.4

 

 

 

 

 

 

 

 

Operating lease liabilities - current(1)

 

$

105.5

 

 

$

110.0

 

Operating lease liabilities - long-term

 

 

266.6

 

 

 

275.8

 

Total operating lease liabilities

 

$

372.1

 

 

$

385.8

 

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

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

 

 

 

Operating leases

 

5.3 years

 

 

5.1 years

 

 

5.2 years

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

Operating leases

 

 

2.9

%

 

 

2.6

%

 

 

2.9

%

 

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

 

Period Ending December 31, 2022

 

Operating Leases

 

2023

 

 

113.5

 

2024

 

 

81.1

 

2025

 

 

55.9

 

2026

 

 

41.8

 

2027

 

 

35.8

 

Thereafter

 

 

94.9

 

Total future undiscounted lease payments

 

 

423.0

 

Less imputed interest

 

 

(50.9

)

Total operating lease liabilities

 

$

372.1