XML 56 R44.htm IDEA: XBRL DOCUMENT
v3.25.3

Leases (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Leases [Abstract] |
Lease, Cost | The following table presents operating lease right-of-use assets and lease liabilities.
(Dollars in Millions) |  | Sep 30, 2025 |  | Dec 31, 2024
Operating Lease Right-of-Use Assets |  | $ | 48.0 |  |  | $ | 33.9 |
Operating Lease Liabilities |  | 63.9 |  |  | 51.6 |
Lease expenses are included in Insurance and Other Expenses in the Condensed Consolidated Statements of (Loss) Income. Additional information regarding the Company’s operating leases is presented below.
|  | Three Months Ended |  | Nine Months Ended
(Dollars in Millions) |  | Sep 30, 2025 |  | Sep 30, 2024 |  | Sep 30, 2025 |  | Sep 30, 2024
Lease Cost: |  |  |  |  |  |  |  |
Operating Lease Cost |  | $ | 4.4 |  |  | $ | 3.9 |  |  | $ | 12.4 |  |  | $ | 11.6 |
Variable Lease Cost |  | 0.9 |  |  | 1.2 |  |  | 3.1 |  |  | 3.5 |
Short-Term Lease Cost 1 |  | 0.2 |  |  | 0.1 |  |  | 0.4 |  |  | 0.3 |
Total Lease Cost |  | $ | 5.5 |  |  | $ | 5.2 |  |  | $ | 15.9 |  |  | $ | 15.4 |
1 Leases with an initial term of twelve months or less are not recorded on the Condensed Consolidated Balance Sheets.
Significant judgments and assumptions for determining lease asset and liability at September 30, 2025 and 2024 are presented below.
|  | Nine Months Ended
|  | Sep 30, 2025 |  | Sep 30, 2024
Weighted-average Remaining Lease Term - Operating Leases |  | 5.2 years |  | 5.4 years
Weighted-average Discount Rate - Operating Leases |  | 4.8 | % |  | 4.5 | %
Lessee, Operating Lease, Liability, to be Paid, Maturity | Future minimum lease payments under operating leases at September 30, 2025 are presented below.
(Dollars in Millions) |  | September 30, 2025
Remainder of 2025 |  | $ | 4.8 |
2026 |  | 16.7 |
2027 |  | 13.5 |
2028 |  | 11.3 |
2029 |  | 9.1 |
2030 and Thereafter |  | 16.9 |
Total Future Payments |  | $ | 72.3 |
Less: Discount |  | 8.4 |
Present Value of Minimum Lease Payments |  | $ | 63.9 |

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration