XML 39 R19.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
We have operating leases for various types of properties, consisting of manufacturing plants, engineering and research centers, distribution warehouses, offices and other facilities, and equipment used in operations. Some leases provide us with an option, exercisable at our sole discretion, to terminate the lease or extend the lease term for one or more years. When measuring assets and liabilities arising from a lease that provides us with an option to extend the lease term, we take into account payments to be made in the optional extension period when it is reasonably certain that we will exercise the option. Total lease cost (all of which related to operating leases) was $29.3 million, $31.1 million and $30.8 million for the years ended December 31, 2024, 2023 and 2022, respectively.
Maturities of lease liabilities
December 31, 2024
2025$21,965 
202623,254 
202721,860 
202820,327 
202916,745 
2030 and thereafter32,764 
Total lease payments136,915 
Less: interest(20,403)
Present value of lease liabilities$116,512 

Supplemental information
December 31, 2024December 31, 2023
Total lease liabilities (1)
$116,512$130,801
Cash paid for amounts included in the measurement of lease liabilities within operating cash flows$24,483$26,938
Right of use assets obtained in exchange for operating lease obligations$4,349$12,145
Weighted average remaining lease term
6.5 years
7.0 years
Weighted average discount rate4.6 %4.4 %
(1) The current portion of the operating lease liability is included in other current liabilities.