Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.22.2
Leases
9 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases LeasesFor the three and nine months ended June 30, 2022 and 2021, the Company recognized $9.2 and $28.4, and $9.0 and $26.6 of operating lease expense, respectively, including short-term lease expense and variable lease costs, which were immaterial in each period. The Company’s finance leases were insignificant as of June 30, 2022 and September 30, 2021.
The following table presents supplemental Consolidated Balance Sheet information related to the Company’s operating leases:
June 30, 2022 September 30, 2021
Operating lease right-of-use assets, net $ 128.3 $ 138.1
Other current liabilities 29.9 30.7
Operating lease liabilities 96.7 105.6
Total operating lease liabilities $ 126.6 $ 136.3
Weighted-average remaining lease term (in years) 7.0 7.2
Weighted-average discount rate 2.9  % 2.1  %

As of June 30, 2022, the maturities of the Company’s operating lease liabilities were as follows:
2022 (excluding the nine months ended June 30, 2022)
$ 8.6 
2023 30.4 
2024 21.3 
2025 14.7 
2026 11.9 
Thereafter 46.9 
Total lease payments 133.8 
Less: imputed interest (7.2)
Total present value of lease payments $ 126.6 

Supplemental Consolidated Statements of Cash Flow information related to the Company’s operating leases is as follows:
Nine Months Ended June 30,
2022 2021
Cash paid for amounts included in the measurement of operating lease liabilities $ 21.2  $ 28.9 
Operating lease right-of-use assets, net obtained in exchange for new operating lease liabilities 23.2  16.2