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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Lease Assets and Liabilities
The lease assets and liabilities as of December 31 are as follows:
LeasesClassification20232022
Assets
Operating lease assetsOperating 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:
OperatingOther current liabilities$14.4 $15.0 
FinanceCurrent portion of long-term debt0.1 — 
Noncurrent:
OperatingLong-term operating lease liabilities27.4 17.1 
FinanceLong-term debt0.5 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 Rate20232022
Weighted-average remaining lease term (years):
Operating leases3.82.9
Finance leases4.74.1
Weighted-average discount rate:
Operating leases6.0%3.9%
Finance leases6.0%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 Information20232022
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 leases0.1 0.1 
Lease assets obtained in exchange for new finance lease liabilities0.7 0.3 
Lease assets obtained in exchange for new operating lease liabilities18.8 11.4 
Schedule of Lease Cost
The lease cost for the three years ended December 31 was as follows:
Lease Cost202320222021
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 LiabilitiesOperating LeasesFinance LeasesTotal
2024$16.0 $0.2 $16.2 
202511.6 0.2 11.8 
20268.2 0.1 8.3 
20274.6 0.1 4.7 
20283.3 0.1 3.4 
Thereafter3.0 — 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 LiabilitiesOperating LeasesFinance LeasesTotal
2024$16.0 $0.2 $16.2 
202511.6 0.2 11.8 
20268.2 0.1 8.3 
20274.6 0.1 4.7 
20283.3 0.1 3.4 
Thereafter3.0 — 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