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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:

Year Ended December 31,

 

 

2024

 

 

 

2023

 

 

 

2022

 

Finance lease cost

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets and interest

 

$

.6

 

 

$

1.1

 

 

$

.9

 

Operating lease cost

 

 

23.4

 

 

 

17.5

 

 

 

15.5

 

Short-term lease cost

 

 

2.7

 

 

 

3.7

 

 

 

2.4

 

Variable lease cost

 

 

2.9

 

 

 

2.4

 

 

 

1.2

 

Total lease cost

 

$

29.6

 

 

$

24.7

 

 

$

20.0

 

Schedule of Balance Sheet Information Related to Leases

Balance sheet information related to leases was as follows:

 

 

2024

 

 

2023

 

At December 31,

 

OPERATING LEASES

 

 

FINANCE LEASES

 

 

OPERATING LEASES

 

 

FINANCE LEASES

 

TRUCK, PARTS AND OTHER:

 

 

 

 

 

 

 

 

 

 

 

 

Other noncurrent assets

 

$

65.6

 

 

$

1.7

 

 

$

64.9

 

 

$

2.5

 

FINANCIAL SERVICES:

 

 

 

 

 

 

 

 

 

 

 

 

Other assets

 

 

4.8

 

 

 

 

 

 

6.0

 

 

 

 

Total right-of-use assets

 

$

70.4

 

 

$

1.7

 

 

$

70.9

 

 

$

2.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TRUCK, PARTS AND OTHER:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable, accrued expenses and other

 

$

16.3

 

 

$

.7

 

 

$

14.2

 

 

$

.8

 

Other liabilities

 

 

50.6

 

 

 

.9

 

 

 

51.6

 

 

 

1.6

 

FINANCIAL SERVICES:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable, accrued expenses and other

 

 

1.7

 

 

 

 

 

 

1.8

 

 

 

 

Deferred taxes and other liabilities

 

 

2.9

 

 

 

 

 

 

3.9

 

 

 

 

Total lease liabilities

 

$

71.5

 

 

$

1.6

 

 

$

71.5

 

 

$

2.4

 

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:

 

 

2024

 

 

2023

 

 

OPERATING LEASES

 

 

FINANCE LEASES

 

 

OPERATING LEASES

 

 

FINANCE LEASES

 

Weighted-average remaining lease term

 

5.1 years

 

 

2.5 years

 

 

5.7 years

 

 

3.1 years

 

Weighted-average discount rate

 

 

4.6

%

 

 

2.0

%

 

 

4.0

%

 

 

2.3

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities are as follows:

Beginning January 1,

OPERATING LEASES

 

 

FINANCE LEASES

 

2025

$

20.2

 

 

$

.8

 

2026

 

 

18.0

 

 

 

.7

 

2027

 

 

14.1

 

 

 

.1

 

2028

 

 

9.2

 

 

 

.1

 

2029

 

 

5.4

 

 

 

 

Thereafter

 

 

13.0

 

 

 

 

Total lease payments

 

 

79.9

 

 

 

1.7

 

Less: interest

 

 

(8.4

)

 

 

(.1

)

     Total lease liabilities

 

$

71.5

 

 

$

1.6

 

 

Schedule of Cash Flow Information Related to Leases

Cash flow information related to leases was as follows:

Year Ended December 31,

 

 

2024

 

 

 

2023

 

 

 

2022

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

27.0

 

 

$

17.0

 

 

$

15.9

 

Financing cash flows from finance leases

 

 

.6

 

 

 

1.1

 

 

 

1.0

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Operating leases

 

 

27.1

 

 

 

39.5

 

 

 

17.0

 

Finance leases

 

 

 

 

 

1.3

 

 

 

2.9