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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Lease Information
Additional information related to our leases is as follows:
Nine Months Ended
September 30,
(in millions)20242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$29.4 $27.0 
Operating cash flows for finance leases0.4 0.3 
Financing cash flows for finance leases3.4 2.8 
Right-of-use assets obtained in exchange for new lease liabilities
Operating leases$19.2 $38.6 
Finance leases0.1 5.7 
Schedule of Investment In Lease Receivables
As of September 30, 2024 and December 31, 2023, investments in lease receivables were as follows:
(in millions)September 30, 2024December 31, 2023
Future minimum payments to be received on leases$177.6 $161.8 
Guaranteed residual lease values101.1 103.9 
Total minimum lease payments to be received278.7 265.7 
Unearned income(47.9)(42.2)
Net investment in leases$230.8 $223.5 
Schedule of Sales-type Lease Income
The table below provides additional information on our sales-type leases. Revenue and cost of goods sold are recorded in operating revenues and operating supplies and expenses—net in the consolidated statements of comprehensive income, respectively.
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions)2024202320242023
Revenue$70.2 $50.7 $188.2 $161.3 
Cost of goods sold(63.5)(43.0)(168.5)(136.4)
Operating profit$6.7 $7.7 $19.7 $24.9 
Interest income on lease receivable$8.1 $9.0 $23.7 $27.7