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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

Finance lease cost

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets and interest

 

 

$

1.1

 

 

$

.9

 

 

$

.6

 

 

Operating lease cost

 

 

 

17.5

 

 

 

15.5

 

 

 

16.3

 

 

Short-term lease cost

 

 

 

3.7

 

 

 

2.4

 

 

 

3.0

 

 

Variable lease cost

 

 

 

2.4

 

 

 

1.2

 

 

 

1.5

 

 

Total lease cost

 

 

$

24.7

 

 

$

20.0

 

 

$

21.4

 

 

Schedule of Balance Sheet Information Related to Leases

Balance sheet information related to leases was as follows:

 

 

2023

 

 

2022

 

At December 31,

OPERATING LEASES

 

 

FINANCE LEASES

 

 

OPERATING LEASES

 

 

FINANCE LEASES

 

TRUCK, PARTS AND OTHER:

 

 

 

 

 

 

 

 

 

 

 

Other noncurrent assets

$

64.9

 

 

$

2.5

 

 

$

36.9

 

 

$

2.7

 

FINANCIAL SERVICES:

 

 

 

 

 

 

 

 

 

 

 

Other assets

 

6.0

 

 

 

 

 

 

6.0

 

 

 

 

Total right-of-use assets

$

70.9

 

 

$

2.5

 

 

$

42.9

 

 

$

2.7

 

 

 

 

 

 

 

 

 

 

 

 

 

TRUCK, PARTS AND OTHER:

 

 

 

 

 

 

 

 

 

 

 

Accounts payable, accrued expenses and other

$

14.2

 

 

$

.8

 

 

$

11.3

 

 

$

.8

 

Other liabilities

 

51.6

 

 

 

1.6

 

 

 

25.8

 

 

 

1.8

 

FINANCIAL SERVICES:

 

 

 

 

 

 

 

 

 

 

 

Accounts payable, accrued expenses and other

 

1.8

 

 

 

 

 

 

1.4

 

 

 

 

Deferred taxes and other liabilities

 

3.9

 

 

 

 

 

 

4.4

 

 

 

 

Total lease liabilities

$

71.5

 

 

$

2.4

 

 

$

42.9

 

 

$

2.6

 

 

Schedule of Weighted-Average Remaining Lease Term and Discount Rate

The weighted-average remaining lease term and discount rate were as follows at December 31:

 

 

2023

 

 

2022

 

 

OPERATING LEASES

 

 

FINANCE LEASES

 

 

OPERATING LEASES

 

 

FINANCE LEASES

 

Weighted-average remaining lease term

5.7 years

 

 

3.1 years

 

 

4.8 years

 

 

3.8 years

 

Weighted-average discount rate

 

4.0

%

 

 

2.3

%

 

 

1.6

%

 

 

1.7

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities are as follows:

 

Beginning January 1,

OPERATING LEASES

 

 

FINANCE LEASES

 

2024

$

17.8

 

 

$

1.0

 

2025

 

16.1

 

 

 

.7

 

2026

 

13.7

 

 

 

.6

 

2027

 

10.4

 

 

 

.1

 

2028

 

7.8

 

 

 

.1

 

Thereafter

 

14.6

 

 

 

 

Total lease payments

 

80.4

 

 

 

2.5

 

Less: interest

 

(8.9

)

 

 

(.1

)

     Total lease liabilities

$

71.5

 

 

$

2.4

 

Schedule of Cash Flow Information Related to Leases

Cash flow information related to leases was as follows:

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

$

17.0

 

 

$

15.9

 

 

$

16.7

 

 

Financing cash flows from finance leases

 

 

 

1.1

 

 

 

1.0

 

 

 

.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease liabilities

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

 

39.5

 

 

 

17.0

 

 

 

8.1

 

 

Finance leases

 

 

 

1.3

 

 

 

2.9

 

 

 

.4