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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Future minimum lease payments
Future minimum lease payments for operating and finance lease obligations as of December 31, 2024 consisted of the following:
Operating LeasesFinance Leases
(in millions)
2025$13.0 $5.4 
202611.1 1.5 
20277.9 0.4 
20286.1 0.1 
20295.7  
Thereafter55.3  
Total undiscounted future minimum obligations99.1 7.4 
Less imputed interest(35.8)(0.3)
Present value of net minimum lease obligations$63.3 $7.1 
Balance sheet classification
The following table summarizes our operating and finance leases and their classification within the Consolidated Balance Sheet.
December 31,
2024
December 31,
2023
(in millions)
Assets
Operating - Other assets
$63.1 $36.7 
Finance - Property, plant, and equipment, net
12.3 16.5 
Total lease assets75.4 53.2 
Liabilities
Current
Operating - Accrued liabilities
8.6 8.4 
Finance - Current portion of long-term debt
5.2 6.8 
Non-current
Operating - Other liabilities
54.7 29.7 
Finance - Debt
1.9 6.3 
Total lease liabilities$70.4 $51.2 
Cash flow information
The following table includes supplemental cash flow and non-cash information related to leases:
December 31,
2024
December 31,
2023
Cash paid for amounts included in the measurement of lease liabilities
Cash paid for operating leases$10.8 $9.3 
Cash paid for finance leases$7.0 $7.0 
Right-of-use assets obtained in exchange for lease obligations
Operating leases$36.7 $7.7 
Finance leases$1.0 $1.0 
Other information
Other information about lease amounts recognized in our Consolidated Financial Statements is as follows:
December 31,
2024
December 31,
2023
Weighted average remaining lease term - operating leases12.0 years6.2 years
Weighted average remaining lease term - finance leases1.5 years2.0 years
Weighted average discount rate - operating leases6.8 %5.3 %
Weighted average discount rate - finance leases4.4 %3.8 %