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Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of ROU Assets and Operating Lease Liabilities

As of December 31, 2023, lease assets and lease liabilities were included in the following consolidated balance sheet accounts in the amounts shown:

			Years Ended December 31,
(in millions)			2023						2022
Operating leases
Operating lease asset:
Other assets			$	27.9					$	26.0
Operating lease liabilities:
Accrued expenses and other current liabilities			$	3.5					$	3.6
Other liabilities			29.5						27.4
Total operating lease liabilities			$	33.0					$	31.0
Finance leases
Finance lease assets:
Property, plant and equipment, net			$	37.8					$	—
Finance lease liabilities:
Current portion of long-term debt and finance leases			$	22.9					$	—

As of December 31, 2023, the weighted average remaining lease term and weighted-average discount rate for leases were as follows:

			Operating Leases						Finance Leases
Weighted average remaining lease term			12.4 years						9 months
Weighted-average discount rate used to determine the lease liability			7.1		%				6.0		%

Schedule of Lease Cost

The Company’s operating and financing lease cost was as follows:

			Year Ended December 31,
(in millions)			2023						2022						2021
Operating lease cost			$	8.8					$	8.8					$	6.0
Finance lease cost:
Amortization of leased assets			0.4						—						—
Interest on lease liabilities			0.6						—						—
Total finance lease cost			1.0						—						—
Total operating and financing lease cost			$	9.8					$	8.8					$	6.0

Schedule of Future Minimum Undiscounted Lease Payments

Maturities of lease liabilities as of December 31, 2023 are as follows:

(in millions)
Years Ending December 31,			Operating Leases						Finance Lease(1)
2024			$	5.7					$	23.2
2025			4.7						—
2026			2.8						—
2027			2.8						—
2028			3.0						—
Thereafter			33.8						—
Total future minimum lease payments			52.8						23.2
Less: imputed interest			(19.8)						(0.3)
Present value of future minimum lease payments			$	33.0					$	22.9

(1) Excludes optional variable lease payments.

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- Definition

Assets And Liabilities, Lessee [Table Text Block]

+ References

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- 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

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- 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

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