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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Balance Sheet Lease Location | The amounts for leases included in our consolidated balance sheets include:
|  | December 31,
|  | 2023 |  | 2022
| Balance Sheet Location: | ($ in millions)
Lease Assets |  |  |  |
Operating | Operating lease assets, net | $ | 344.7 |  |  | $ | 356.0 |
Finance | Property, plant and equipment, net(1) | — |  |  | 2.4 |
Total lease assets |  | $ | 344.7 |  |  | $ | 358.4 |
Lease Liabilities |  |  |  |
Current |  |  |  |
Operating | Current operating lease liabilities | $ | 69.3 |  |  | $ | 71.8 |
Finance | Current installments of long-term debt | — |  |  | 1.0 |
Long-term |  |  |  |
Operating | Operating lease liabilities | 283.1 |  |  | 292.5 |
Finance | Long-term debt | — |  |  | 0.9 |
Total lease liabilities |  | $ | 352.4 |  |  | $ | 366.2 |
(1) As of December 31, 2022, assets recorded under finance leases were $7.6 million and accumulated depreciation associated with finance leases was $5.2 million.
Lease Expense | The components of lease expense are recorded to cost of goods sold and selling and administrative expenses in the consolidated statement of operations, excluding interest on finance lease liabilities which is recorded to interest expense. The components of lease expense were as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Lease Expense | ($ in millions)
Operating lease expense | $ | 88.4 |  |  | $ | 93.4 |  |  | $ | 97.1 |
Variable and short-term lease expense | 24.6 |  |  | 32.5 |  |  | 28.7 |
Finance lease expense: |  |  |  |  |
Depreciation of leased assets | 0.5 |  |  | 1.0 |  |  | 1.1 |
Interest on lease liabilities | — |  |  | 0.1 |  |  | 0.1 |
Total lease expense | $ | 113.5 |  |  | $ | 127.0 |  |  | $ | 127.0 |
Operating Lease Liability Maturity Schedule | Future maturities of operating lease liabilities as of December 31, 2023, are summarized below:
| Operating Leases
Future Lease Maturities | ($ in millions)
2024 | $ | 80.9 |
2025 | 70.8 |
2026 | 55.0 |
2027 | 44.0 |
2028 | 37.1 |
Thereafter | 132.6 |
Total lease payments | 420.4 |
Less: Imputed interest(1) | (68.0) |
Present value of lease liabilities | $ | 352.4 |
(1) Calculated using the discount rate for each lease.
Finance Lease Liability Maturity Schedule | Future maturities of operating lease liabilities as of December 31, 2023, are summarized below:
| Operating Leases
Future Lease Maturities | ($ in millions)
2024 | $ | 80.9 |
2025 | 70.8 |
2026 | 55.0 |
2027 | 44.0 |
2028 | 37.1 |
Thereafter | 132.6 |
Total lease payments | 420.4 |
Less: Imputed interest(1) | (68.0) |
Present value of lease liabilities | $ | 352.4 |
(1) Calculated using the discount rate for each lease.
Supplemental Lease Information | Other information related to leases was as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Supplemental Cash Flows Information | ($ in millions)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 88.8 |  |  | $ | 93.1 |  |  | $ | 97.4 |
Operating cash flows from finance leases | — |  |  | 0.1 |  |  | 0.1 |
Financing cash flows from finance leases | 1.9 |  |  | 1.1 |  |  | 1.1 |
Non-cash increase in lease assets and lease liabilities: |  |  |  |  |
Operating leases | $ | 71.1 |  |  | $ | 71.8 |  |  | $ | 56.7 |
Finance leases | — |  |  | — |  |  | 0.1 |

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- Definition Other supplemental lease information including information for finance and operating leases related to supplemental cash flows information, non-cash information, weighted-average remaining lease term, and weighted-average discount rate. + References No definition available. + Details
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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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
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- 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
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- 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
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