XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.2

Leases

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Leases

Leases

For additional detail on the Company's leases and related policies, see Note 16 to our consolidated financial statements included within our 2024 Form 10-K.

The ROU asset and lease liability balances as of June 30, 2025 and December 31, 2024 were as follows:

(in Millions)			Classification			June 30, 2025						December 31, 2024
Assets
Operating lease ROU assets			Other assets including long-term receivables, net			$	101.5					$	110.4
Liabilities
Operating lease current liabilities			Accrued and other liabilities			$	24.6					$	24.5
Operating lease noncurrent liabilities			Other long-term liabilities			98.8						106.1

The components of lease expense for the six months ended June 30, 2025 and 2024 were as follows:

						Three Months Ended June 30,												Six Months Ended June 30,
(in Millions)			Lease Cost Classification			2025						2024						2025						2024
Lease Cost
Operating lease cost			Costs of sales and services / Selling, general and administrative expenses			$	8.5					$	8.5					$	17.5					$	17.8
Variable lease cost			Costs of sales and services / Selling, general and administrative expenses			2.9						3.0						6.3						5.8
Total lease cost						$	11.4					$	11.5					$	23.8					$	23.6

			June 30, 2025
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)			6.1
Weighted-average discount rate			4.9		%

			Three Months Ended June 30,												Six Months Ended June 30,
(in Millions)			2025						2024						2025						2024
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	(9.6)					$	(8.2)					$	(19.7)					$	(23.5)
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			$	6.0					$	2.8					$	18.2					$	19.4

The following table represents our future minimum operating lease payments as of, and subsequent to, June 30, 2025 under ASC 842:

(in Millions)															Operating Leases Total
Maturity of Lease Liabilities
2025 (excluding the six months ending June 30, 2025)															$	15.2
2026															28.0
2027															24.1
2028															19.9
2029															17.5
Thereafter															38.5
Total undiscounted lease payments															$	143.2
Less: Present value adjustment															(19.8)
Present value of lease liabilities															$	123.4

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/842-20/tableOfContent

+ Details

Name:	us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration