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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease Cost and Other Information
The following table summarizes the Company’s total lease costs and supplemental cash flow information arising from operating lease transactions:
(in millions of dollars)For the Years Ended December 31,
202320222021
Total operating lease costs (a)
$12.7 $11.7 $14.9 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases8.4 7.7 10.7 
(a)     Includes short-term leases and variable lease costs.
Lease Assets And Liabilities
The following table summarizes the components of lease right-of-use assets and liabilities:
(in millions of dollars)20232022Affected Line Item in Consolidated Balance Sheets
Assets
Operating lease right-of-use assets$21.0 $24.7 Operating lease right-of-use assets
Finance lease right-of-use assets1.6 1.9 Properties and equipment, net
Total lease right-of-use assets$22.6 $26.6 
Liabilities
Current:
Operating leases$6.8 $6.9 Current operating lease liabilities
Finance leases0.8 0.7 Current portion of long-term borrowings and finance lease obligations
Noncurrent:
Operating leases14.9 18.5 Long-term operating lease liabilities
Finance leases0.8 1.3 Long-term borrowings and finance lease obligations
Total lease liabilities$23.3 $27.4 
Weighted-Average Remaining Lease Terms and Discount Rates of Operating Leases
The weighted-average remaining lease terms and discount rates of the Company’s operating leases were as follows:
20232022
Weighted-average remaining lease term of operating leases4.3 years4.9 years
Weighted-average discount rate of operating leases3.0 %2.5 %
Maturities of Operating Lease Liabilities
Maturities of operating lease liabilities as of December 31, 2023 were as follows:
(in millions of dollars)
2024$7.3 
20255.4 
20264.1 
20272.3 
20281.3 
Thereafter2.5 
Total lease payments22.9 
Less: Imputed interest1.2 
Present value of operating lease liabilities$21.7