Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.22.4
Leases
3 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases Leases
For the three months ended December 31, 2022 and 2021, the Company recognized $7.1 and $6.1, 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 December 31, 2022 and September 30, 2022.

The following table presents supplemental Consolidated Balance Sheet information related to the Company’s operating leases:
December 31, 2022 September 30, 2022
Operating lease right-of-use assets, net $ 106.0 $ 87.9
Other current liabilities 18.3 15.7
Operating lease liabilities 82.3 70.5
Total operating lease liabilities $ 100.6 $ 86.2
Weighted-average remaining lease term (in years) 7.6 7.9
Weighted-average discount rate 2.9  % 2.7  %

As of December 31, 2022, the maturities of the Company’s operating lease liabilities were as follows:
2023 (excluding the three months ended December 31, 2022)
$ 16.2 
2024 17.4 
2025 14.9 
2026 12.5 
2027 10.8 
Thereafter 39.4 
Total lease payments 111.2 
Less: imputed interest (10.6)
Total present value of lease payments $ 100.6 

Supplemental Consolidated Statements of Cash Flow information related to the Company’s operating leases is as follows:
Three Months Ended December 31,
2022 2021
Cash paid for amounts included in the measurement of operating lease liabilities $ 5.6  $ 5.2 
Operating lease right-of-use assets, net obtained in exchange for new operating lease liabilities 1.8  0.4 
Operating leases acquired in acquisitions 15.0  —