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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | 11. Leases In our consolidated financial statements, we have recognized the right-of-use assets and lease liabilities and related expense of leases that were transferred to ZimVie at the closing of the distribution. For leases that we shared with Zimmer Biomet prior to the distribution and remained the responsibility of Zimmer Biomet following the distribution, no assets nor liabilities have been recognized on our consolidated balance sheets and any lease expense has been included in allocated costs from Zimmer Biomet. Information on our leases is as follows ($ in thousands):
|  | For the Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Lease cost |  | $ | 4,407 |  |  | $ | 4,517 |  |  | $ | 4,345 |
Cash paid for leases recognized in operating cash flows |  |  | 4,496 |  |  |  | 4,632 |  |  |  | 4,322 |
Right-of-use assets obtained in exchange for new lease liabilities |  |  | 3,654 |  |  |  | 7,800 |  |  |  | 2,105 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Right-of-use assets recognized in Other assets |  | $ | 10,620 |  |  | $ | 11,076 |
Lease liabilities recognized in Other current liabilities |  |  | 3,902 |  |  |  | 4,053 |
Long-term lease liabilities |  |  | 8,218 |  |  |  | 9,080 |
Weighted-average remaining lease term |  | 4.9 years |  |  | 3.6 years |
Weighted-average discount rate |  |  | 4.1 | % |  |  | 3.5 | %
Our future minimum lease payments as of December 31, 2024 were (in millions):
For the Years Ending December 31, |  |  |
2025 |  | $ | 4.2 |
2026 |  |  | 3.3 |
2027 |  |  | 2.3 |
2028 |  |  | 1.5 |
2029 |  |  | 1.1 |
Thereafter |  |  | 1.0 |
Total |  |  | 13.5 |
Less imputed interest |  |  | (1.3 | )
Total |  | $ | 12.1 |

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- 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
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