Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease Assets and Lease Liabilities [Table Text Block]
A summary of the Company's lease assets and lease liabilities as of December 31, 2021 and December 31, 2020 is as follows:
(in millions) Classification Dec 31, 2021 Dec 31, 2020
Lease Assets
Operating lease assets Operating lease assets $ 92.8  $ 83.0 
Lease Liabilities
Current operating lease liabilities Accrued expenses 25.8  19.2 
Non-current operating lease liabilities Operating lease liabilities 75.5  69.8 
Total lease liabilities $ 101.3  $ 89.0 
Lease, Cost [Table Text Block]
A summary of the Company's total lease cost for the years ended December 31, 2021, December 31, 2020 and December 31, 2019 is as follows:
(in millions) Classification Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating lease cost Selling, general, and administrative expense $ 13.4  $ 13.2  $ 13.9 
Cost of sales 28.6  24.9  25.6 
Variable lease cost Selling, general, and administrative expense 1.1  1.1  0.5 
Cost of sales 5.2  4.8  4.4 
Total lease cost (A)
$ 48.3  $ 44.0  $ 44.4 

(A) Includes total short-term lease cost which is immaterial.
Operating Lease Liability, Maturity Analysis [Table Text Block]
The Company's maturity analysis of its operating lease liabilities as of December 31, 2021 is as follows:
(in millions)
2022 $ 26.1 
2023 26.0 
2024 21.9 
2025 13.1 
2026 8.0 
Thereafter 16.9 
Total lease payments 112.0 
Less: Interest (10.7)
Present value of lease liabilities $ 101.3