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Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Lease, Cost

The following table presents the lease balances within our condensed consolidated balance sheets, weighted average remaining lease term and weighted average discount rates related to our leases:

Lease Assets and Liabilities			September 30, 2024						December 31, 2023
Assets
Operating lease, net			$	81.2					$	69.1
Finance lease, net			16.0						16.1
Total lease assets			$	97.2					$	85.2
Liabilities
Current:
Operating lease liabilities			$	20.4					$	18.5
Finance lease liabilities			2.3						3.0
Non-current:
Operating lease liabilities			61.7						50.7
Finance lease liabilities			14.2						14.2
Total lease liabilities			$	98.6					$	86.4
Weighted-average remaining lease terms
Operating leases			6.3 years						5.1 years
Finance leases			7.7 years						7.9 years
Weighted-average discount rate
Operating leases			7.1%						6.6%
Finance leases			6.9%						6.7%

Schedule of Operating Lease Future Minimum Payments

The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of September 30, 2024:

			Finance						Operating
2024			$	0.9					$	6.2
2025			3.0						23.5
2026			2.7						18.1
2027			2.6						13.2
2028			2.4						11.1
Thereafter (1)			10.3						30.8
Total future minimum lease payments			$	21.9					$	102.9
Less: Present value discount			(5.4)						(20.8)
Lease liability			$	16.5					$	82.1

_______________

(1)     As of September 30, 2024, future minimum lease payments for non-cancelable operating leases for the period subsequent to 2028 relate to forty-two leased facilities.

Schedule of Finance Lease Future Minimum Payments

The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of September 30, 2024:

			Finance						Operating
2024			$	0.9					$	6.2
2025			3.0						23.5
2026			2.7						18.1
2027			2.6						13.2
2028			2.4						11.1
Thereafter (1)			10.3						30.8
Total future minimum lease payments			$	21.9					$	102.9
Less: Present value discount			(5.4)						(20.8)
Lease liability			$	16.5					$	82.1

_______________

(1)     As of September 30, 2024, future minimum lease payments for non-cancelable operating leases for the period subsequent to 2028 relate to forty-two leased facilities.

Schedule of Sales from Sales-type and Operating Leases

The following table represents sales from sales-type and operating leases:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Sales-type leases			$	11.5					$	6.0					$	36.9					$	25.2
Operating leases			1.7						1.9						4.8						4.2
Total sales from leases			$	13.2					$	7.9					$	41.7					$	29.4

Schedule of Operating Lease, Lease Income

The following table represents sales from sales-type and operating leases:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Sales-type leases			$	11.5					$	6.0					$	36.9					$	25.2
Operating leases			1.7						1.9						4.8						4.2
Total sales from leases			$	13.2					$	7.9					$	41.7					$	29.4

Scheduled Payments for Sales-type Leases

The following table represents scheduled payments for sales-type leases as of September 30, 2024:

2024			$	6.9
2025			28.6
2026			26.5
2027			20.3
2028			17.3
Thereafter			56.0
Total			155.6
Less: unearned income			46.8
Total			$	108.8

Schedule of Cost of Equipment Leased

The following table represents the cost of equipment leased to others:

			September 30, 2024						December 31, 2023
Equipment leased to others, cost			$	4.7					$	20.6
Less: accumulated depreciation			1.3						4.4
Equipment leased to others, net			$	3.4					$	16.2

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