Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Reconciliation of Future Minimum Undiscounted Payments to Operating Lease Liabilities

The following table reconciles future minimum undiscounted payments of the operating lease liabilities recorded on the Consolidated Balance Sheets as of December 31, 2023:

(in millions)
2024	$	20.0
2025	17.8
2026	16.4
2027	15.7
2028	15.6
2029 and Thereafter	44.0
Total Undiscounted Lease Payments	$	129.5
Present Value Adjustment1	(19.4)
Net Operating Lease Liabilities	$	110.1

1    Calculated using the IBR for each lease.

Schedule of Information Related to Operating Leases

The following information relates to the operating leases recorded on the Consolidated Balance Sheets as of December 31, 2023:

Weighted-average remaining lease term (in years)	7.7
Weighted-average discount rate (IBR)	3.9		%
Cash paid in 2023 for the amounts included in the measurement of lease liabilities (in millions)	$	20.4