XML 42 R27.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Leases | Leases The Company’s operating leases are primarily for real property in support of our business operations. Although many of our leases contain renewal options, we generally are not reasonably certain to exercise these options at the commencement date. Accordingly, renewal options are generally not included in the lease term for determining the right-of-use (“ROU”) asset and lease liability at commencement. Variable lease payments generally depend on an inflation-based index and such payments are not included in the original estimate of the lease liability. These variable lease payments are not material. For the years ended December 31, 2024, 2023, and 2022, the Company recognized $53.9, $50.6, and $48.7 of operating lease expense, respectively. The following table presents the supplemental cash flow information related to the Company’s operating leases for the years ended December 31:
| 2024 |  | 2023 |  | 2022
Operating cash flows used for operating leases | $ | 53.6 |  |  | $ | 50.6 |  |  | $ | 48.3 |
Right-of-use assets obtained in exchange for operating lease obligations | $ | 52.4 |  |  | $ | 29.6 |  |  | $ | 53.9 |
The following table presents the lease balances within the Consolidated Balance Sheets related to the Company’s operating leases as of December 31:
Lease assets and liabilities |  | Balance sheet account |  | 2024 |  | 2023
ASSETS: |  |  |  |  |  |
Operating lease ROU assets |  | Other assets |  | $ | 189.4 |  |  | $ | 189.8 |
LIABILITIES: |  |  |  |  |  |
Current operating lease liabilities |  | Other accrued liabilities |  | 46.2 |  |  | 43.3 |
Operating lease liabilities |  | Other liabilities |  | 154.8 |  |  | 158.7 |
Total operating lease liabilities |  |  |  | $ | 201.0 |  |  | $ | 202.0 |
Future minimum lease payments under non-cancellable leases were as follows:
2025 | $ | 51.7 |
2026 | 43.6 |
2027 | 36.5 |
2028 | 28.7 |
2029 | 20.3 |
Thereafter | 41.1 |
Total operating lease payments | 221.9 |
Less: Imputed interest | (20.9) |
Total operating lease liabilities | $ | 201.0 |
Weighted average remaining lease term – operating leases (years) | 5.8
Weighted average discount rate (%) | 3.6 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration