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LEASES | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
LEASES | LEASES The Company leases certain office space, manufacturing facilities, land, apartments, warehouses, vehicles, and equipment with remaining lease terms ranging from less than 1 year to 17 years, some of which include options to extend or terminate the leases. Operating lease costs for the years ended December 31, 2023, 2022, and 2021 were $30.1 million, $28.8 million, and $29.7 million, respectively. Short-term and variable lease costs were not material for the years ended December 31, 2023, 2022, and 2021. Supplemental balance sheet information related to operating leases was as follows (in millions, except lease term and discount rate):
| As of December 31,
| 2023 |  | 2022
Operating lease right-of-use assets | $ | 94.0 |  |  | $ | 92.3 |
Operating lease liabilities, current portion | $ | 24.9 |  |  | $ | 25.5 |
Operating lease liabilities, long-term portion | 73.0 |  |  | 69.5 |
Total operating lease liabilities | $ | 97.9 |  |  | $ | 95.0 |
Maturities of operating lease liabilities at December 31, 2023 were as follows (in millions):
2024 | $ | 26.8 |
2025 | 19.6 |
2026 | 16.3 |
2027 | 12.9 |
2028 | 9.5 |
Thereafter | 20.7 |
Total lease payments | 105.8 |
Less: imputed interest | (7.9) |
Total lease liabilities | $ | 97.9 |
The following table provides information on the lease terms and discount rates:
| Years Ended December 31,
| 2023 |  | 2022
Weighted-average remaining lease term (in years) | 5.9 |  | 6.4
Weighted-average discount rate | 2.3 | % |  | 1.8 | %
As of December 31, 2023, the Company had additional operating lease commitments of $16.0 million for office spaces that have not yet commenced.

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- 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
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