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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Lease Cost | Supplemental balance sheet information related to leases as of December 31, 2024 and 2023 was as follows:
| Balance Sheet Caption |  | December 31, 2024 |  | December 31, 2023
Right-of-Use (“ROU”) Assets: |  |  |  |  |
Building ROU assets - net | Other noncurrent assets |  | $ | 114.4 |  |  | $ | 110.7 |
Equipment ROU assets - net | Other noncurrent assets |  | 10.8 |  |  | 7.6 |
Total ROU assets - net |  |  | $ | 125.2 |  |  | $ | 118.3 |
Lease Liabilities: |  |  |  |  |
Current lease liabilities | Accrued expenses |  | $ | 26.1 |  |  | $ | 22.0 |
Noncurrent lease liabilities | Other noncurrent liabilities |  | 101.6 |  |  | 98.1 |
Total lease liabilities |  |  | $ | 127.7 |  |  | $ | 120.1 |
The components of lease cost for the years ended December 31, 2024, 2023 and 2022 were as follows:
| 2024 |  | 2023 |  | 2022
Fixed lease cost(1) | $ | 34.7 |  |  | $ | 33.0 |  |  | $ | 30.8 |
Variable lease cost | 3.1 |  |  | 2.7 |  |  | 2.3 |
Total lease expense | $ | 37.8 |  |  | $ | 35.7 |  |  | $ | 33.1 |
(1) Includes short-term leases, which are immaterial.
Schedule of Cash Flow Supplemental Disclosures | Supplemental cash flow information related to leases for the years ended December 31, 2024, 2023 and 2022 was as follows:
| 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities | $ | 34.6 |  |  | $ | 33.6 |  |  | $ | 31.7 |
Right-of-use assets obtained in exchange for new lease liabilities | 19.1 |  |  | 29.0 |  |  | 19.0 |
Other supplemental information related to leases as of December 31, 2024 and 2023 was as follows:
Lease Term and Discount Rate | December 31, 2024 |  | December 31, 2023 |  |
Weighted-average remaining lease term (years): |  |  |  |  |
Building and equipment | 6.40 |  | 7.00 |  |
Vehicles | 2.69 |  | 2.63 |  |
Weighted-average discount rate: |  |  |  |  |
Building and equipment | 4.07 | % |  | 3.71 | % |  |
Vehicles | 4.35 | % |  | 3.43 | % |  |
Schedule of Maturity of Operating Lease Liability | Total lease liabilities at December 31, 2024 have scheduled maturities as follows:
Maturity of Lease Liabilities |  |
2025 |  | $ | 27.6 |
2026 |  | 27.9 |
2027 |  | 22.6 |
2028 |  | 18.5 |
2029 |  | 14.9 |
Thereafter |  | 35.8 |
Total lease payments |  | 147.3 |
Less: Imputed interest |  | (19.6) |
Present value of lease liabilities |  | $ | 127.7 |

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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 + Details
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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 + Details
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- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
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