XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.3

Leases

9 Months Ended

Sep. 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 September 30, 2025 and December 31, 2024 were as follows:

(in Millions)			Classification			September 30, 2025						December 31, 2024
Assets
Operating lease ROU assets			Other assets including long-term receivables, net			$	95.8					$	110.4
Liabilities
Operating lease current liabilities			Accrued and other liabilities			$	24.3					$	24.5
Operating lease noncurrent liabilities			Other long-term liabilities			95.0						106.1

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

						Three Months Ended September 30,												Nine Months Ended September 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			$	7.4					$	8.5					$	24.9					$	26.3
Variable lease cost			Costs of sales and services / Selling, general and administrative expenses			2.0						3.0						8.3						8.8
Total lease cost						$	9.4					$	11.5					$	33.2					$	35.1

			September 30, 2025
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)			5.9
Weighted-average discount rate			5.0		%

			Three Months Ended September 30,												Nine Months Ended September 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			$	(7.9)					$	(10.1)					$	(27.6)					$	(33.6)
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			$	3.4					$	3.3					$	21.6					$	22.7

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

(in Millions)															Operating Leases Total
Maturity of Lease Liabilities
2025 (excluding the nine months ending September 30, 2025)															$	7.5
2026															28.4
2027															24.7
2028															20.5
2029															18.0
Thereafter															38.7
Total undiscounted lease payments															$	137.8
Less: Present value adjustment															(18.5)
Present value of lease liabilities															$	119.3

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