XML 77 R54.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Asset and Lease Liability
The ROU asset and lease liability balances as of December 31, 2024 and 2023 were as follows:
(in Millions)ClassificationDecember 31, 2024December 31, 2023
Assets
Operating lease ROU assetsOther assets including long-term receivables, net$110.4 $121.8 
Liabilities
Operating lease current liabilitiesAccrued and other liabilities$24.5 $24.4 
Operating lease noncurrent liabilitiesOther long-term liabilities106.1 123.2 
Schedule of Components of Lease Expense, Lease Term and Discount Rate
The components of lease expense for the year ended December 31, 2024, 2023, and 2022 were as follows:
(in Millions)Lease Cost Classification202420232022
Lease Cost
Operating lease costCosts of sales and services / Selling, general and administrative expenses$36.1 $33.2 $32.9 
Variable lease costCosts of sales and services / Selling, general and administrative expenses12.6 13.3 6.3 
Total lease cost$48.7 $46.5 $39.2 
December 31, 2024
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)6.5
Weighted-average discount rate4.8 %
(in Millions)Year ended December 31, 2024Year ended December 31, 2023
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(41.2)$(35.9)
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Right-of-use assets obtained in exchange for new operating lease liabilities$14.2 $21.4 
Schedule of Future Minimum Lease Payments
The following table represents our future minimum operating lease payments as of, and subsequent to, December 31, 2024 under ASC 842:
(in Millions) Operating Leases Total
Maturity of Lease Liabilities
2025$29.8 
202625.3 
202722.3 
202818.6 
202917.0 
Thereafter39.7 
Total undiscounted lease payments$152.7 
Less: Present value adjustment(22.1)
Present value of lease liabilities$130.6