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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Lease Payments Captured in Lease Receivable
All lease payments are primarily fixed in nature and therefore captured in the lease receivable. Our sales-type lease receivable balances at December 31, 2024 and 2023 were as follows:
December 31,
(In millions)20242023
Short-Term (12 months or less)$9.3 $8.5 
Long-Term42.2 33.3 
Lease receivables$51.5 $41.8 
Schedule of Lease Obligations, Assets and Liabilities
The following table details our lease obligations included in our Consolidated Balance Sheets.
December 31,
(In millions)20242023
Other non-current assets:
Finance leases - ROU assets$39.2 $36.0 
Finance leases - Accumulated depreciation(19.0)(14.9)
Operating lease right-of-use-assets:
Operating leases - ROU assets222.4 203.1 
Operating leases - Accumulated depreciation(124.4)(116.6)
Total lease assets$118.2 $107.6 
Current portion of long-term debt:
Finance leases$(6.6)$(6.7)
Current portion of operating lease liabilities:
Operating leases (29.7)(29.2)
Long-term debt, less current portion:
Finance leases(12.9)(12.8)
Long-term operating lease liabilities, less current portion:
Operating leases(74.8)(66.7)
Total lease liabilities$(124.0)$(115.4)
Schedule of Operating Lease, Future Minimum Annual Rental Commitments
At December 31, 2024, estimated future minimum annual rental commitments under non-cancelable real and personal property leases were as follows:
(In millions)Finance leasesOperating leases
2025$7.9 $35.0 
20265.9 28.7 
20272.8 18.7 
20281.2 13.0 
20290.7 8.4 
Thereafter7.4 20.1 
Total lease payments25.9 123.9 
Less: Interest(6.4)(19.4)
Present value of lease liabilities$19.5 $104.5 
Schedule of Finance Lease, Future Minimum Annual Rental Commitments
At December 31, 2024, estimated future minimum annual rental commitments under non-cancelable real and personal property leases were as follows:
(In millions)Finance leasesOperating leases
2025$7.9 $35.0 
20265.9 28.7 
20272.8 18.7 
20281.2 13.0 
20290.7 8.4 
Thereafter7.4 20.1 
Total lease payments25.9 123.9 
Less: Interest(6.4)(19.4)
Present value of lease liabilities$19.5 $104.5 
Schedule of Lease Costs and Other Information
The following lease cost is included in our Consolidated Statements of Operations:
December 31,
(In millions)20242023
Lease cost(1)
Finance leases
Amortization of ROU assets$9.1 $10.0 
Interest on lease liabilities1.5 1.8 
Operating leases36.7 37.5 
Short-term lease cost3.3 3.5 
Variable lease cost7.0 6.6 
Total lease cost$57.6 $59.4 
(1)With the exception of Interest on lease liabilities, we record lease costs to Cost of sales or Selling, general and administrative expenses on the Consolidated Statements of Operations, depending on the use of the leased asset. Interest on lease liabilities is recorded to Interest expense, net on the Consolidated Statements of Operations.
Schedule of Operating and Finance Lease, other Information
The following table details cash paid related to operating and finance leases included in our Consolidated Statements of Cash Flows and new ROU assets included in our Consolidated Balance Sheets:
December 31,
(In millions)20242023
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - finance leases$4.9 $4.3 
Operating cash flows - operating leases$37.4 $37.7 
Financing cash flows - finance leases$8.2 $9.0 
ROU assets obtained in exchange for new finance lease liabilities$8.4 $16.7 
ROU assets obtained in exchange for new operating lease liabilities$41.6 $49.9 
December 31,
20242023
Weighted average information:
Finance leases
Remaining lease term (in years)5.66.4
Discount rate7.6 %7.4 %
Operating leases
Remaining lease term (in years)5.04.1
Discount rate6.2 %5.8 %