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Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Lease ROUs and Lease Liabilities

Right-of-use lease assets and lease liabilities consisted of the following (in millions):

						March 31, 2024						December 31, 2023
Right-of-use assets:
Operating lease (Other assets)						$	57.0					$	58.0
Finance lease (Property, plant and equipment, net)						0.9						2.3
Total right-of-use assets						$	57.9					$	60.3
Lease liabilities:
Current portion of operating lease (Other current liabilities)						$	13.5					$	13.5
Non-current portion of operating lease (Other liabilities)						46.8						48.6
Finance lease (Debt obligations)						0.9						2.4
Total lease liabilities						$	61.2					$	64.5

Schedule of Components of Lease Expense

The following table summarizes the components of lease expense (in millions):

												Three Months Ended March 31,
																		2024						2023
Finance lease cost:
Amortization of right-of-use assets																		$	0.1					$	0.1
Net finance lease cost																		0.1						0.1
Operating lease cost																		4.5						5.9
Variable lease cost																		0.1						0.1
Sublease income																		(0.2)						(0.2)
Total lease cost																		$	4.5					$	5.9

Cash flow information related to leases is as follows (in millions):

												Three Months Ended March 31,
																		2024						2023
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases																		$	0.1					$	0.1
Operating cash flows from operating leases																		$	5.0					$	6.3
Right-of-use assets obtained in exchange for new lease liabilities:
Finance leases																		$	—					$	0.6
Operating leases																		$	2.6					$	3.9

The weighted-average remaining lease term and the weighted-average discount rate for finance leases and operating leases are as follows:

						March 31, 2024						December 31, 2023
Weighted-average remaining lease term (years) - operating leases									7.4									7.5
Weighted-average remaining lease term (years) - finance leases						3.0						1.6
Weighted-average discount rate - operating leases						5.6		%				5.6		%
Weighted-average discount rate - finance leases						5.3		%				6.8		%

Schedule of Operating Lease, Liability, Maturity

Future minimum lease commitments (undiscounted) as of March 31, 2024, were as follows (in millions):

			Operating Leases						Finance Leases
2024			$	12.5					$	0.3
2025			13.6						0.3
2026			10.1						0.2
2027			7.5						0.2
2028			5.9						—
Thereafter			24.0						—
Total future minimum lease payments			73.6						1.0
Less: amounts representing interest			(13.3)						(0.1)
Total lease liability balance			$	60.3					$	0.9

Schedule of Finance Lease, Liability, Maturity

Future minimum lease commitments (undiscounted) as of March 31, 2024, were as follows (in millions):

			Operating Leases						Finance Leases
2024			$	12.5					$	0.3
2025			13.6						0.3
2026			10.1						0.2
2027			7.5						0.2
2028			5.9						—
Thereafter			24.0						—
Total future minimum lease payments			73.6						1.0
Less: amounts representing interest			(13.3)						(0.1)
Total lease liability balance			$	60.3					$	0.9

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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- 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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Lessee, Assets And Liabilities

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