LEASES

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

LEASES

LEASES 

The Company primarily has operating lease agreements for certain land, office space, warehouse space and equipment. The following table presents the Company’s ROU assets and lease liabilities:

		December 31,
(dollars in millions)	Balance sheet location	2024		2023
Asset Category
ROU assets	Other assets	$	79.7	$	90.3
Total		$	79.7	$	90.3
Liability Category
Current lease liabilities	Accrued expenses and other current liabilities	$	15.2	$	15.0
Non-current lease liabilities	Other liabilities	66.4		78.1
Total		$	81.6	$	93.1

Operating lease expense totaled $27.9 million, $27.3 million and $26.2 million for 2024, 2023 and 2022, respectively.

	Year Ended December 31,
(dollars in millions)	2024		2023		2022
Supplemental Information for Operating Leases
Operating cash payments	$	20.3	$	21.5	$	19.8
ROU assets obtained in exchange for lease obligations	$	12.1	$	20.2	$	40.3
Weighted average remaining lease term	10 years		10 years		10 years
Weighted average discount rate	4.3%		4.2%		3.5%

Maturities of operating lease liabilities, including those classified as held for sale, at December 31, 2024 were as follows:

(dollars in millions)
2025	$	19.7
2026	16.9
2027	12.1
2028	9.5
2029	8.0
Thereafter	48.9
Total future minimum lease payments	115.1
Less: imputed interest	(21.2)
Present value of lease liabilities	$	93.9