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Lease Receivable (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Sale-Type Lease Receivable
Lease receivable from sales-type leases consists of the following:
(in millions)September 30,
2023
December 31,
2022
Lease receivable$112.2 $101.8 
Allowance for credit loss(0.2)(0.2)
     Lease receivable, net112.0 101.6 
Less: current portion of lease receivable(32.1)(28.5)
     Lease receivable, non-current$79.9 $73.1 
Schedule of Sales-type Lease, Lease Receivable, Maturity
As of September 30, 2023, estimated future maturities of customer sales-type lease receivables and operating lease payments for each of the following fiscal years are as follows:
Future Lease Receivables/Payments
(in millions)
Fiscal yearSales-Type LeasesOperating Leases
2023 (balance of year)$9.7 $2.9 
202431.1 8.8 
202525.9 7.6 
202619.5 6.8 
202713.4 5.3 
Thereafter12.4 7.0 
     Total$112.0 $38.4 
Less: imputed interest(1)
— 
     Present value of total lease payments$112.0 
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(1)     The calculation of the rates implicit in the leases resulted in negative discount rates. Therefore, the Company as a lessor used a 0% discount rate to measure the net investment in the lease.