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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Lease Information | Supplemental information related to leases as of December 31 was as follows ($ in millions):
Leases |  | Balance Sheet Classification |  | 2024 |  | 2023
Assets: |  |  |  |  |  |
Operating lease assets |  | ROU assets |  | $ | 157.1 |  |  | $ | 163.9 |
Finance lease assets |  | Property and equipment, net |  | 43.8 |  |  | 45.6 |
Total |  |  |  | $ | 200.9 |  |  | $ | 209.5 |
Liabilities: |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | Accounts payable and other current liabilities |  | 24.3 |  |  | $ | 23.9 |
Non-Current |  |  |  |  |  |
Operating |  | Long-term portion of operating lease liabilities |  | 129.8 |  |  | 134.1 |
Finance |  | Other long-term liabilities |  | 50.6 |  |  | 49.8 |
Total lease liabilities |  |  |  | $ | 204.7 |  |  | $ | 207.8 |
The weighted-average remaining lease terms and discount rates for our operating and financing leases as of December 31 for the corresponding year were as follows:
| 2024 |  | 2023
Weighted average remaining lease term (years): |  |  |
Operating leases | 13.6 |  | 13.9
Finance leases | 38.7 |  | 39.7
Weighted average discount rate: |  |  |
Operating leases | 14.3 | % |  | 14.1 | %
Finance leases | 9.0 | % |  | 9.0 | %
The following table provides information related to the lease costs of finance and operating leases ($ in millions):
Lease Expense |  | Income Statement Classification |  | 2024 |  | 2023
Operating |  | SG&A expenses |  | $ | 33.3 |  |  | $ | 32.6 |
Finance: |  |  |  |  |  |
Depreciation on assets |  | Depreciation and amortization expense |  | 3.1 |  |  | 0.9 |
Interest on lease liabilities |  | Interest expense |  | 4.6 |  |  | 1.4 |
Total lease costs |  |  |  | $ | 41.0 |  |  | $ | 34.9 |
The following table provides information related to the portion of operating lease assets and liabilities which are attributable to related-party operating leases (described in Note 15) at December 31 ($ in millions):
Leases |  | 2024 |  | 2023
Assets: |  |  |  |
ROU assets – related party |  | $ | 106.3 |  |  | $ | 108.5 |
All other ROU assets |  | 50.8 |  |  | 55.4 |
Total |  | $ | 157.1 |  |  | $ | 163.9 |
Liabilities: |  |  |  |
Current: |  |  |  |
Current portion of lease liabilities – related party |  | $ | 14.6 |  |  | $ | 14.2 |
Current portion of lease liabilities – all other leases |  | 9.7 |  |  | 9.7 |
Total current liabilities |  | 24.3 |  |  | 23.9 |
Non-Current: |  |  |  |
Long-term portion of lease liabilities – related party |  | 101.5 |  |  | 96.2 |
Long-term portion of lease liabilities – all other leases |  | 28.3 |  |  | 37.9 |
Total non-current liabilities |  | 129.8 |  |  | 134.1 |
Total operating lease liabilities |  | $ | 154.1 |  |  | $ | 158.0 |
Supplemental cash flow information related to leases was as follows:
($ in millions) | 2024 |  | 2023
Cash payments for operating leases | $ | 30.5 |  |  | $ | 29.3 |
New assets obtained in exchange for operating lease liabilities | 5.9 |  |  | 14.9 |
Cash payments for finance leases | 3.8 |  |  | 1.2 |
Schedule of Future Minimum Payments | The following table summarizes the future minimum payments for leases as of December 31, 2024:
($ in millions) |  | Operating Leases |  | Finance Lease
2025 |  | $ | 30.2 |  |  | $ | 3.8 |
2026 |  | 29.1 |  |  | 3.9 |
2027 |  | 27.8 |  |  | 4.0 |
2028 |  | 22.7 |  |  | 4.1 |
2029 |  | 20.9 |  |  | 4.2 |
Thereafter |  | 247.9 |  |  | 201.6 |
Total lease payments |  | 378.6 |  |  | 221.6 |
Less imputed interest |  | (224.5) |  |  | (171.0) |
Present value of lease liabilities |  | $ | 154.1 |  |  | $ | 50.6 |
Schedule of Finance Lease, Liability, to be Paid, Maturity | The following table summarizes the future minimum payments for leases as of December 31, 2024:
($ in millions) |  | Operating Leases |  | Finance Lease
2025 |  | $ | 30.2 |  |  | $ | 3.8 |
2026 |  | 29.1 |  |  | 3.9 |
2027 |  | 27.8 |  |  | 4.0 |
2028 |  | 22.7 |  |  | 4.1 |
2029 |  | 20.9 |  |  | 4.2 |
Thereafter |  | 247.9 |  |  | 201.6 |
Total lease payments |  | 378.6 |  |  | 221.6 |
Less imputed interest |  | (224.5) |  |  | (171.0) |
Present value of lease liabilities |  | $ | 154.1 |  |  | $ | 50.6 |

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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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