Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Lease Assets and Liabilities

Our Consolidated Balance Sheets include the following related to leases:

(in millions) December 31,	Classification	2024		2023
Assets
Operating right-of-use assets	Other assets	$	60.4	$	47.8
Liabilities
Current lease liabilities	Accrued liabilities	$	10.6	$	7.2
Long-term lease liabilities	Other liabilities	52.7		42.6
Total lease liabilities		$	63.3	$	49.8

Summary of Operating Leases

The components of lease cost were as follows:

(in millions) December 31,	2024		2023		2022
Operating lease cost	$	15.4	$	11.0	$	10.9
Variable lease cost	2.4		1.8		2.3
Total lease cost	$	17.8	$	12.8	$	13.2

The weighted average remaining lease terms and discount rates for our operating leases were as follows:

December 31,	2024		2023
Weighted-average remaining lease term (in years) - operating leases	13.5		16.3
Weighted-average discount rate - operating leases	5.6	%	5.0	%

Supplemental cash flow information related to our operating leases were as follows:

(in millions) December 31,	2024		2023		2022
Cash paid for amounts included in measurement of operating lease liabilities - operating cash flows	$	9.8	$	8.2	$	9.2
Right-of-use assets obtained in exchange for new operating lease liabilities	$	5.3	$	16.5	$	13.4

Future Minimum Operating Lease Payments

Future minimum operating lease payments are as follows:

(in millions)	December 31, 2024
2025	$	13.6
2026	10.8
2027	8.2
2028	6.9
2029	6.2
Thereafter	49.4
Total future minimum operating lease payments	$	95.1
Imputed interest	31.8
Present value of lease liabilities reported	$	63.3