XML 47 R36.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Lease, Cost
The components of lease expense were as follows (in millions):
Three Months Ended
March 31,
20242023
Operating lease cost$18.1 $15.8 
Finance lease cost:
  Amortization of right-of-use assets$0.1 $0.1 
  Interest on lease liabilities0.2 0.2 
        Total finance lease cost$0.3 $0.3 
Lessee Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows (in millions):
Three Months Ended
March 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
  Operating cash flows from operating leases$10.9 $9.9 
  Operating cash flows from finance leases$0.2 $0.2 
  Financing cash flows from finance leases$0.1 $0.1 
Right-of-use assets obtained in exchange for new lease obligations:
  Operating leases$7.6 $2.2 
Lessee Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows (in millions):
March 31, 2024December 31, 2023
Operating Leases
  Operating lease right-of-use assets$188.9 $194.7 
  Current operating lease liabilities$40.0 $40.4 
  Operating lease liabilities159.8 165.5 
     Total operating lease liabilities$199.8 $205.9 

Finance leases are included in Property, plant and equipment, Current maturities of long-term debt, and Long-term debt and notes payable, net of current maturities (in millions):
March 31, 2024December 31, 2023
Finance Leases
  Property, plant and equipment, gross$11.8 $11.9 
  Less: accumulated depreciation and amortization(5.9)(5.9)
      Property, plant and equipment, net$5.9 $6.0 
  Current maturities of long-term debt and notes payable$0.5 $0.5 
  Long-term debt, net of current maturities9.5 9.6 
      Total finance lease liabilities$10.0 $10.1 
March 31, 2024December 31, 2023
Weighted Average Remaining Lease Term
  Operating leases - in years77
  Finance leases - in years1414
Weighted Average Discount Rate
  Operating leases4.0 %3.9 %
  Finance leases6.4 %6.4 %
Maturities Of Lease Liabilities For Operating and Finance Leases
Maturities of lease liabilities were as follows (in millions):
Year Ending December 31,Operating LeasesFinance Leases
2024 (excluding the three months ended March 31, 2024)
$34.1 $1.2 
2025
46.2 1.1 
2026
34.7 1.1 
2027
27.1 1.1 
2028
21.5 1.1 
Thereafter65.4 10.5 
   Total lease payments229.0 16.1 
Less imputed interest(29.2)(6.1)
    Total$199.8 $10.0