XML 46 R34.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Lease, Cost
The components of lease expense were as follows (in millions):
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Operating lease cost$17.3 $15.7 $52.2 $47.2 
Finance lease cost:
  Amortization of right-of-use assets$0.1 $0.1 $0.3 $0.3 
  Interest on lease liabilities0.2 0.2 0.5 0.6 
        Total finance lease cost$0.3 $0.3 $0.8 $0.9 
Lessee Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows (in millions):
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Cash paid for amounts included in the measurement of lease liabilities:
  Operating cash flows from operating leases$10.8 $10.6 $32.2 $30.4 
  Operating cash flows from finance leases$0.2 $0.2 $0.5 $0.6 
  Financing cash flows from finance leases$0.1 $0.1 $0.3 $0.3 
Right-of-use assets obtained in exchange for new lease obligations:
  Operating leases$0.1 $36.7 $11.3 $49.0 
Lessee Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows (in millions):
September 30, 2024December 31, 2023
Operating Leases
  Operating lease right-of-use assets$173.9 $194.7 
  Current operating lease liabilities$42.8 $40.4 
  Operating lease liabilities143.9 165.5 
     Total operating lease liabilities$186.7 $205.9 

Finance leases are included in Property, plant and equipment, net, Current maturities of long-term debt and notes payable, and Long-term debt and notes payable, net of current maturities (in millions):
September 30, 2024December 31, 2023
Finance Leases
  Property, plant and equipment, gross$11.9 $11.9 
  Less: accumulated depreciation and amortization(6.2)(5.9)
      Property, plant and equipment, net$5.7 $6.0 
  Current maturities of long-term debt and notes payable$0.5 $0.5 
  Long-term debt, net of current maturities9.3 9.6 
      Total finance lease liabilities$9.8 $10.1 

September 30, 2024December 31, 2023
Weighted Average Remaining Lease Term
  Operating leases - in years67
  Finance leases - in years1314
Weighted Average Discount Rate
  Operating leases4.0 %3.9 %
  Finance leases6.5 %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 nine months ended September 30, 2024)
$10.8 $0.3 
2025
49.0 1.1 
2026
37.3 1.1 
2027
28.8 1.1 
2028
22.2 1.1 
Thereafter64.1 10.8 
   Total lease payments212.2 15.5 
Less imputed interest(25.5)(5.7)
    Total$186.7 $9.8