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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Additional Lease Information
Additional lease information is summarized below:
202220212020
Operating lease cost
$498.0 $478.0 $464.5 
Short-term lease cost 47.1 43.8 41.1 
Variable lease cost89.9 84.4 80.7 
Operating cash outflows from operating leases$480.1 $461.4 $446.1 
Leased assets obtained in exchange for new operating lease liabilities $463.1 $505.2 $469.9 
Weighted average remaining lease term 5.6 years5.8 years6.0 years
Weighted average discount rate
3.3 %3.0 %3.4 %
Maturities of Operating Lease Liabilities
The following table reconciles the undiscounted cash flows for each of the next five years and thereafter to the operating lease liabilities recognized on the balance sheet as of December 31, 2022. The reconciliation excludes short-term leases that are not recorded on the balance sheet.
Year Ending December 31,
2023$479.7 
2024429.1 
2025362.6 
2026286.2 
2027201.5 
Thereafter372.4 
Total lease payments2,131.5 
Amount representing interest(193.3)
Present value of operating lease liabilities$1,938.2