XML 52 R29.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases and Other Commitments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Schedule of Maturity of Operating Lease Liabilities | As of December 31, 2024, the maturities of our operating and finance lease liabilities were as shown in the table below:
(In millions) | Operating Leases |  | Finance Leases
2025 | $ | 26.8 |  |  | $ | 9.7 |
2026 | 26.1 |  |  | 8.8 |
2027 | 20.9 |  |  | 6.9 |
2028 | 15.9 |  |  | 5.4 |
2029 | 2.9 |  |  | 5.5 |
Thereafter | 6.9 |  |  | 54.6 |
Total future lease cost | 99.5 |  |  | 90.9 |
Less: Imputed interest | (12.0) |  |  | (26.0) |
Present value of future payments | 87.5 |  |  | 64.9 |
Less: Current portion | (22.5) |  |  | (6.4) |
Long-term portion | $ | 65.0 |  |  | $ | 58.5 |
Schedule of Maturity of Finance Lease Liabilities | As of December 31, 2024, the maturities of our operating and finance lease liabilities were as shown in the table below:
(In millions) | Operating Leases |  | Finance Leases
2025 | $ | 26.8 |  |  | $ | 9.7 |
2026 | 26.1 |  |  | 8.8 |
2027 | 20.9 |  |  | 6.9 |
2028 | 15.9 |  |  | 5.4 |
2029 | 2.9 |  |  | 5.5 |
Thereafter | 6.9 |  |  | 54.6 |
Total future lease cost | 99.5 |  |  | 90.9 |
Less: Imputed interest | (12.0) |  |  | (26.0) |
Present value of future payments | 87.5 |  |  | 64.9 |
Less: Current portion | (22.5) |  |  | (6.4) |
Long-term portion | $ | 65.0 |  |  | $ | 58.5 |
Schedule of Components of Lease Expense and Other Information | The components of lease expense for the twelve months ended December 31, 2024, 2023 and 2022 were as follows:
| Twelve Months Ended December 31,
(In millions) | 2024 |  | 2023 |  | 2022
Finance lease cost: |  |  |  |  |
Amortization of right-of-use assets | $ | 7.2 |  |  | $ | 6.5 |  |  | $ | 5.6 |
Interest on lease liabilities | 3.4 |  |  | 3.2 |  |  | 3.3 |
Operating lease cost | 22.4 |  |  | 22.9 |  |  | 22.6 |
Right-of-use asset impairment | — |  |  | — |  |  | 6.3 |
Short-term lease cost | 3.8 |  |  | 2.4 |  |  | 3.5 |
Variable lease cost | 9.0 |  |  | 8.3 |  |  | 8.0 |
Total lease cost | $ | 45.8 |  |  | $ | 43.3 |  |  | $ | 49.3 |
Other information related to our leases is as follows:
| Twelve Months Ended December 31,
(Dollars in millions) | 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 27.5 |  |  | $ | 28.1 |  |  | $ | 26.0 |
Operating cash flows from finance leases | 3.4 |  |  | 3.2 |  |  | 3.1 |
Financing cash flows from finance leases | 13.0 |  |  | 4.7 |  |  | 15.5 |
Right-of-use assets obtained in exchange for lease liabilities: |  |  |  |  |
Operating leases | 8.8 |  |  | 7.5 |  |  | 15.6 |
Finance leases | $ | 14.6 |  |  | $ | 4.2 |  |  | $ | 16.1 |
Weighted average remaining lease term: |  |  |  |  |
Operating leases | 4.2 years |  | 5.0 years |  | 5.5 years
Finance leases | 12.6 years |  | 14.1 years |  | 15.2 years
Weighted average discount rate: |  |  |  |  |
Operating leases | 6.1 | % |  | 6.1 | % |  | 6.0 | %
Finance leases | 5.4 | % |  | 5.3 | % |  | 5.1 | %

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration