Leases

3 Months Ended

Mar. 31, 2025

5. Leases

Lessee Disclosures

The Company primarily leases real estate for offices, retail stores and central offices, as well as equipment, cell towers, designated space on third party towers and fleet vehicles. Upon adoption of ASC 842, the Company elected not to recognize leases with terms of one-year or less on the balance sheet.

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


(dollars in millions)	Balance Sheet Location	March 31, 2025		December 31, 2024
Operating lease assets, net of amortization	Operating lease right-of-use assets	$	76.6	$	77.4
Finance lease assets, net of amortization	Property, plant and equipment, net		23.0		19.8
Operating lease liabilities:
Current operating lease liabilities	Other current liabilities		6.3		6.4
Noncurrent operating lease liabilities	Operating lease liabilities		76.8		77.5
Total operating lease liabilities			83.1		83.9
Finance lease liabilities:
Current finance lease liabilities	Current portion of long-term debt		9.3		9.9
Noncurrent finance lease liabilities	Long-term debt, less current portion		38.4		37.7
Total finance lease liabilities		$	47.7	$	47.6

Supplemental cash flow information related to leases is as follows:


	Three Months Ended March 31,
(dollars in millions)	2025		2024
Supplemental Cash Flows Information *
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	0.8	$	1.1
Operating cash flows from operating leases	$	1.7	$	2.8
Financing cash flows from finance leases	$	3.7	$	5.0
Right-of-use assets obtained in exchange for lease obligations:
New operating leases	$	0.9	$	5.6
New finance leases	$	3.9	$	6.1

*Supplemental cash flows information includes cash flows from discontinued operations for the quarter ended March 31, 2024.