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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to the Company's leases is as follows:

 

(dollars in millions)

 

Balance Sheet Location

 

June 30, 2024

 

 

December 31, 2023

 

Operating lease assets, net of amortization

 

Operating lease right-of-use assets

 

$

69.0

 

 

$

63.9

 

Finance lease assets, net of amortization

 

Property, plant and equipment, net

 

 

14.2

 

 

 

9.2

 

Operating lease liabilities:

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

Other current liabilities

 

 

9.8

 

 

 

9.5

 

Noncurrent operating lease liabilities

 

Operating lease liabilities

 

 

64.7

 

 

 

60.2

 

Total operating lease liabilities

 

 

 

 

74.5

 

 

 

69.7

 

Finance lease liabilities:

 

 

 

 

 

 

 

 

Current finance lease liabilities

 

Current portion of long-term debt

 

 

8.3

 

 

 

6.4

 

Noncurrent finance lease liabilities

 

Long-term debt, less current portion

 

 

35.8

 

 

 

36.4

 

Total finance lease liabilities

 

 

 

$

44.1

 

 

$

42.8

 

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

 

 

 

Six Months Ended June 30,

 

(dollars in millions)

 

2024

 

 

2023

 

Supplemental Cash Flows Information *

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from finance leases

 

$

2.1

 

 

$

2.0

 

Operating cash flows from operating leases

 

$

5.7

 

 

$

6.9

 

Financing cash flows from finance leases

 

$

7.6

 

 

$

5.7

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

New operating leases

 

$

12.1

 

 

$

7.6

 

New finance leases

 

$

7.2

 

 

$

7.1

 

 

 

*Supplemental cash flows information includes cash flows from discontinued operations.