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Leases (Tables)
3 Months Ended
Mar. 31, 2025
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

 

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

 

Schedule of Supplemental Cash Flow Information Related to Leases

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.