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LEASES (Tables)

12 Months Ended

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

X

- 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

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X

- 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

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- References

No definition available.

+ Details

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X

- 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

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