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Supplemental Cash Flow Information
9 Months Ended
Sep. 30, 2022
Supplemental Cash Flow Elements [Abstract]  
Supplemental Cash Flow Information

13. Supplemental Cash Flow Information

Noncash investing and financing activities are as follows:

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

 

(Dollars in Millions)

 

Right-of-use assets obtained in exchange for
   new finance lease liabilities

 

$

10.2

 

 

$

177.8

 

Right-of-use assets obtained in exchange for new
   operating lease liabilities

 

$

23.4

 

 

$

17.3

 

Accrued liabilities for purchases of property, plant and equipment

 

$

51.8

 

 

$

28.6

 

Remeasurement of operating lease right-of-use assets

 

$

(4.9

)

 

$

(12.4

)

Remeasurement of finance lease right-of-use assets

 

$

(11.4

)

 

$

 

For the nine months ended September 30, 2021, the right-of-use assets obtained in exchange for new finance lease liabilities balance were primarily attributable to the lease of the new corporate headquarters, production equipment, and leases assumed as part of the Tiller acquisition.

Supplemental disclosures of cash flow information are as follows:

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

 

(Dollars in Millions)

 

Cash paid for interest, net of capitalized amount

 

$

126.3

 

 

$

68.7

 

Cash paid for income taxes, net of refunds

 

$

160.0

 

 

$

101.1

 

During the nine months ended September 30, 2021, the Company received proceeds of $13.9 million, related to its company-owned life insurance policies. The proceeds are included in the Investments in life insurance contracts, net, in the investing activities of the consolidated statements of cash flows.