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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Inventory, Current
The following table summarizes the changes in the Company’s reserve for inventory obsolescence for the periods presented (in millions):
Year Ended December 31,
202420232022
Beginning balance$20.2 $24.4 $20.4 
Provision (benefit) for inventory write-downs0.9 (3.4)7.0 
Deduction for inventory write-offs(0.6)(0.8)(3.0)
Ending balance$20.5 $20.2 $24.4 
Summary of Property and Equipment Estimated Useful Life All other additions are recorded at cost, and depreciation is computed using the straight-line method. The Company reviews the estimated useful lives of its fixed assets on an ongoing basis and the following table summarizes the estimates currently used:
Asset ClassEstimated Useful Life
Buildings40 years
Equipment
3 to 7 years
Furniture and fixtures7 years
Software
3 to 5 years
Finance lease assets and leasehold improvementsShorter of the estimated useful life or the term of the lease, considering renewal options expected to be exercised.