v3.24.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Summary of Operating Leases
The components of lease costs for operating leases for the years ended December 31, 2023, 2022 and 2021 was as follows (in millions):
Year Ended December 31,
202320222021
Operating lease costs$109.8 $113.7 $102.3 
Short-term lease costs3.5 7.3 7.2 
Sublease income(5.1)(3.7)(3.2)
Variable lease costs37.6 35.4 29.0 
Total$145.8 $152.7 $135.3 
Supplemental cash flow information related to leases was as follows (in millions):
Year Ended December 31,
202320222021
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows used in operating leases$126.9 $118.8 $106.3 
Supplemental disclosure of non-cash leasing activities:
ROU assets obtained in exchange for new operating lease liabilities$25.3 $94.7 $137.1 
Summary of Weighted-average Remaining Lease Term and Discount Rate
The following table represents the weighted-average remaining lease term and discount rate for the Company’s operating leases:
December 31,
20232022
Weighted average remaining lease term (years)5.96.5
Weighted average discount rate4.9 %4.6 %
Summary of Operating Lease Liability Maturity
Future undiscounted lease payments for the Company’s operating lease liabilities are as follows as of December 31, 2023 (in millions):
2024$121.2 
2025106.7 
202693.3 
202778.6 
202869.4 
Thereafter120.0 
Total future lease payments589.2 
Less: imputed interest(80.1)
Present value of lease liabilities$509.1