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Leases
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
The components of lease expense for the years ended December 31, 2024 and 2023 are as follows.
20242023
Operating lease cost$64.5 $53.7 
Finance lease cost
Amortization of right-of-use assets$1.5 $1.5 
Interest on lease liabilities0.9 0.9 
Total finance lease cost$2.4 $2.4 
Short-term lease cost$2.2 $1.9 
Supplemental cash flow information related to leases for the years ended December 31, 2024 and 2023 is as follows.
20242023
Supplemental Cash Flows Information
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating cash flows from operating leases$63.8 $53.7 
Operating cash flows from finance leases0.9 1.0 
Financing cash flows from finance leases1.3 1.2 
Leased Assets Obtained in Exchange for New Operating Lease Liabilities96.2 62.5 
Supplemental balance sheet information related to leases is as follows.
December 31, 2024December 31, 2023
Operating leases
Other assets$226.6 $164.4 
Accrued liabilities$56.3 $41.6 
Other liabilities165.5 116.9 
Total operating lease liabilities$221.8 $158.5 
Finance Leases
Property, plant and equipment$11.1 $12.3 
Short-term borrowings and current maturities of long-term debt$1.3 $1.3 
Long-term debt, less current maturities12.6 13.6 
Total finance lease liabilities$13.9 $14.9 
Weighted Average Remaining Lease Term (in years)
Operating leases5.25.1
Finance leases9.410.3
Weighted Average Discount Rate
Operating leases4.1 %3.6 %
Finance leases6.5 %6.4 %
Maturities of lease liabilities as of December 31, 2024 are as follows.
Operating LeasesFinance Leases
2025$63.6 $2.2 
202655.1 2.1 
202741.3 2.1 
202829.4 2.1 
202917.7 2.1 
Thereafter39.2 8.5 
Total lease payments$246.3 $19.1 
Less imputed interest(24.5)(5.2)
Total$221.8 $13.9 
Leases Leases
The components of lease expense for the years ended December 31, 2024 and 2023 are as follows.
20242023
Operating lease cost$64.5 $53.7 
Finance lease cost
Amortization of right-of-use assets$1.5 $1.5 
Interest on lease liabilities0.9 0.9 
Total finance lease cost$2.4 $2.4 
Short-term lease cost$2.2 $1.9 
Supplemental cash flow information related to leases for the years ended December 31, 2024 and 2023 is as follows.
20242023
Supplemental Cash Flows Information
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating cash flows from operating leases$63.8 $53.7 
Operating cash flows from finance leases0.9 1.0 
Financing cash flows from finance leases1.3 1.2 
Leased Assets Obtained in Exchange for New Operating Lease Liabilities96.2 62.5 
Supplemental balance sheet information related to leases is as follows.
December 31, 2024December 31, 2023
Operating leases
Other assets$226.6 $164.4 
Accrued liabilities$56.3 $41.6 
Other liabilities165.5 116.9 
Total operating lease liabilities$221.8 $158.5 
Finance Leases
Property, plant and equipment$11.1 $12.3 
Short-term borrowings and current maturities of long-term debt$1.3 $1.3 
Long-term debt, less current maturities12.6 13.6 
Total finance lease liabilities$13.9 $14.9 
Weighted Average Remaining Lease Term (in years)
Operating leases5.25.1
Finance leases9.410.3
Weighted Average Discount Rate
Operating leases4.1 %3.6 %
Finance leases6.5 %6.4 %
Maturities of lease liabilities as of December 31, 2024 are as follows.
Operating LeasesFinance Leases
2025$63.6 $2.2 
202655.1 2.1 
202741.3 2.1 
202829.4 2.1 
202917.7 2.1 
Thereafter39.2 8.5 
Total lease payments$246.3 $19.1 
Less imputed interest(24.5)(5.2)
Total$221.8 $13.9