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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Schedule of Lease Assets and Liabilities | The lease assets and liabilities as of December 31 are as follows:
Leases | Classification | 2023 |  | 2022
Assets |  |  |  |
Operating lease assets | Operating lease assets | $ | 41.7 |  |  | $ | 31.8 |
Finance lease assets | Property, plant and equipment(a) | 0.6 |  |  | 0.2 |
Total leased assets |  | $ | 42.3 |  |  | $ | 32.0 |
Liabilities |  |  |  |
Current: |  |  |  |
Operating | Other current liabilities | $ | 14.4 |  |  | $ | 15.0 |
Finance | Current portion of long-term debt | 0.1 |  |  | — |
Noncurrent: |  |  |  |
Operating | Long-term operating lease liabilities | 27.4 |  |  | 17.1 |
Finance | Long-term debt | 0.5 |  |  | 0.1 |
Total lease liabilities |  | $ | 42.4 |  |  | $ | 32.2 |
(a) | Finance lease assets are recorded net of accumulated amortization of $0.1 million and less than $0.1 million as of December 31, 2023 and December 31, 2022, respectively.
The lease term and discount rate as of December 31 were as follows:
Lease Term and Discount Rate | 2023 |  | 2022
Weighted-average remaining lease term (years): |  |  |
Operating leases | 3.8 |  | 2.9
Finance leases | 4.7 |  | 4.1
Weighted-average discount rate: |  |  |
Operating leases | 6.0% |  | 3.9%
Finance leases | 6.0% |  | 2.5%
Other information related to cash paid related to lease liabilities and lease assets obtained for the years ended December 31 was as follows:
Other Information | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 18.9 |  |  | $ | 18.2 |
Financing cash flows from finance leases | 0.1 |  |  | 0.1 |
Lease assets obtained in exchange for new finance lease liabilities | 0.7 |  |  | 0.3 |
Lease assets obtained in exchange for new operating lease liabilities | 18.8 |  |  | 11.4 |
Schedule of Lease Cost | The lease cost for the three years ended December 31 was as follows:
Lease Cost | 2023 |  | 2022 |  | 2021
Operating lease cost(a) | $ | 28.9 |  |  | $ | 26.2 |  |  | $ | 26.6 |
Finance lease cost(b) | 0.1 |  |  | 0.1 |  |  | 0.1 |
Total lease cost | $ | 29.0 |  |  | $ | 26.3 |  |  | $ | 26.7 |
(a) | Includes short-term lease costs of $5.9 million and $4.8 million and variable lease costs of $4.2 million and $3.3 million for the years ended December 31, 2023 and December 31, 2022, respectively.
(b) | Includes amortization of leased assets and interest on lease liabilities.
Schedule of Maturities of Operating Lease Liability | The maturity of lease liabilities as of December 31, 2023 was as follows:
Maturity of Lease Liabilities | Operating Leases |  | Finance Leases |  | Total
2024 | $ | 16.0 |  |  | $ | 0.2 |  |  | $ | 16.2 |
2025 | 11.6 |  |  | 0.2 |  |  | 11.8 |
2026 | 8.2 |  |  | 0.1 |  |  | 8.3 |
2027 | 4.6 |  |  | 0.1 |  |  | 4.7 |
2028 | 3.3 |  |  | 0.1 |  |  | 3.4 |
Thereafter | 3.0 |  |  | — |  |  | 3.0 |
Total lease payments | $ | 46.7 |  |  | $ | 0.7 |  |  | $ | 47.4 |
Less: Interest | (4.9) |  |  | (0.1) |  |  | (5.0) |
Present value of lease liabilities | $ | 41.8 |  |  | $ | 0.6 |  |  | $ | 42.4 |
Schedule of Maturities of Finance Lease Liability | The maturity of lease liabilities as of December 31, 2023 was as follows:
Maturity of Lease Liabilities | Operating Leases |  | Finance Leases |  | Total
2024 | $ | 16.0 |  |  | $ | 0.2 |  |  | $ | 16.2 |
2025 | 11.6 |  |  | 0.2 |  |  | 11.8 |
2026 | 8.2 |  |  | 0.1 |  |  | 8.3 |
2027 | 4.6 |  |  | 0.1 |  |  | 4.7 |
2028 | 3.3 |  |  | 0.1 |  |  | 3.4 |
Thereafter | 3.0 |  |  | — |  |  | 3.0 |
Total lease payments | $ | 46.7 |  |  | $ | 0.7 |  |  | $ | 47.4 |
Less: Interest | (4.9) |  |  | (0.1) |  |  | (5.0) |
Present value of lease liabilities | $ | 41.8 |  |  | $ | 0.6 |  |  | $ | 42.4 |

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