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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Least Cost | The components of total lease cost were as follows:
| Years Ended December 31,
(in millions) | 2024 |  | 2023
Short-term lease cost (a) (b) | $ | 21.0 |  |  | $ | 16.4 |
Operating lease cost (b) | 9.5 |  |  | 7.4 |
Finance lease interest expense | 2.3 |  |  | 1.6 |
Finance lease amortization expense (b) | 4.2 |  |  | 3.5 |
Total lease cost | $ | 37.0 |  |  | $ | 28.9 |
(a)Includes leases with terms of one year or less. (b)Includes variable lease costs, which were not material. Supplemental cash flow information related to leases are as follows:
| Years Ended December 31,
(in millions) | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from operating leases | $ | 6.5 |  |  | $ | 6.3 |
Operating cash flows from finance leases | 2.1 |  |  | 1.4 |
Financing cash flows from finance leases | 2.6 |  |  | 1.7 |
ROUAs obtained in exchange for lease obligations |  |  |
Operating leases | $ | 6.0 |  |  | $ | 1.9 |
Finance leases | 3.6 |  |  | 33.4 |
Other information related to operating leases was as follows:
| December 31,
Weighted Average Remaining Lease Term | 2024 |  | 2023
Operating leases | 5.7 years |  | 5.7 years
Finance leases | 10.4 years |  | 11.8 years
Weighted Average Discount Rate |  |  |
Operating leases | 4.6 | % |  | 4.3 | %
Finance leases | 4.9 | % |  | 4.8 | %
Schedule of Future Minimum Operating Leases | As of December 31, 2024, the future undiscounted cash flows associated with the Company's operating and financing lease liabilities were as follows:
(in millions) |  |  |
Years Ended December 31, | Operating Leases |  | Finance Leases
2025 | $ | 6.4 |  |  | $ | 4.6 |
2026 | 5.7 |  |  | 4.7 |
2027 | 4.2 |  |  | 4.8 |
2028 | 2.9 |  |  | 4.8 |
2029 | 1.9 |  |  | 4.9 |
Thereafter | 6.0 |  |  | 24.2 |
Total future minimum lease payments | 27.1 |  |  | 48.0 |
Less: Imputed interest | 3.6 |  |  | 5.3 |
Present value of lease liabilities | $ | 23.5 |  |  | $ | 42.7 |
Reported lease liabilities as of December 31, 2024 |  |  |
Accrued expense and other current liabilities (current maturities of leases) | $ | 5.6 |  |  | $ | 3.1 |
Other liabilities (non-current maturities of leases) | 17.9 |  |  | 39.6 |
Present value of lease liabilities | $ | 23.5 |  |  | $ | 42.7 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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