Other Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets are summarized as follows:

	December 31, 2024		December 31, 2023
Intangible assets
Favorable leasehold interests	$	2.8	$	2.8
Developed technology asset	62.0		103.1
Customer relationships intangible assets	137.2		139.6
Total intangible assets	$	202.0	$	245.5
Accumulated amortization - favorable leasehold interest	(2.2)		(2.1)
Accumulated amortization - developed technology asset	(17.2)		(21.9)
Accumulated amortization - customer relationships	(33.1)		(25.3)
Intangible assets, net	$	149.5	$	196.2

Amortization expense was $15.2 and $15.2 for the twelve months ended December 31, 2024 and 2023, respectively.

The Company’s policy is to use straight-line amortization on the amortizing intangible assets. The amortization for each of the five succeeding years relating to intangible assets currently recorded in the Consolidated Balance sheet and the weighted average amortization is estimated to be the following as of December 31, 2024:

Year	Favorable leasehold interest		Developed Technology		Customer Relationships		Total
2025	$	0.1	$	4.1	$	8.1	$	12.3
2026	$	0.1	$	4.1	$	8.1	$	12.3
2027	$	0.1	$	4.1	$	8.1	$	12.3
2028	$	0.1	$	4.1	$	8.1	$	12.3
2029	$	0.1	$	4.1	$	7.7	$	11.9
Weighted average amortization period	4.5		10.8		13.5		12.7

Other Assets

Other current assets are summarized as follows:

	December 31, 2024		December 31, 2023
Prepaid expenses	$	41.4	$	34.8
Income tax receivable	6.6		5.3
Other assets- short term	10.0		12.4
Total other current assets	$	58.0	$	52.5

Other assets are summarized as follows:

	December 31, 2024		December 31, 2023
Supply agreements (1)	$	0.7	$	3.5
Equity in net assets of affiliates	0.9		0.8
Restricted cash - collateral requirements	29.5		22.3
Rotables	43.0		44.0
Bond collateral	11.2		—
Other	19.9		29.3
Total	$	105.2	$	99.9