Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Lease Assets and Liabilities

Total lease assets and liabilities at December 31, 2024 and 2023 were as follows (in millions):

Lease Assets	Classification	As of December 31, 2024		As of December 31, 2023
Operating ROU assets	Right-of-use lease assets	$	168.9	$	176.2
Finance lease assets	Property, plant and equipment, net(1)	6.1		6.5
Total lease assets		$	175.0	$	182.7
Lease Liabilities	Classification	As of December 31, 2024		As of December 31, 2023
Current:
Operating	Accrued expenses	$	45.0	$	45.4
Finance	Other current liabilities	0.5		0.5
Noncurrent:
Operating	Operating lease liabilities	127.5		134.4
Finance	Other noncurrent liabilities	5.1		5.4
Total lease liabilities		$	178.1	$	185.7

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(1)    Finance lease assets are recorded net of accumulated depreciation of $2.8 million and $3.1 million as of December 31, 2024 and 2023, respectively.

Schedule of Lease Cost and Supplemental Information

Total lease costs for 2024 and 2023 are set forth below (in millions):

	Classification	Year Ended December 31, 2024		Year Ended December 31, 2023
Operating lease cost	Selling, general and administrative expenses	$	59.6	$	57.2
Variable lease cost	Selling, general and administrative expenses	4.8		2.3
Short-term lease cost	Selling, general and administrative expenses	23.4		24.1
Finance lease cost:
Amortization of lease assets	Depreciation expense(1)	0.5		0.7
Interest on lease liabilities	Interest expense, net	0.2		0.2
Total lease cost		$	88.5	$	84.5

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(1)    Depreciation expense was included in both “Cost of goods sold” and “Selling, general and administrative expenses” within the Company's Consolidated Statements of Operations.

The following table summarizes the weighted-average remaining lease term and weighted-average discount rate:

	As of December 31, 2024		As of December 31, 2023
Weighted-average remaining lease term:
Operating leases	6 years		6 years
Finance leases	16 years		17 years
Weighted-average discount rate:
Operating leases	6.4	%	5.5	%
Finance leases	2.8	%	2.7	%

The following table summarizes the supplemental cash flow information for 2024 and 2023 (in millions):

	Year Ended December 31, 2024		Year Ended December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	59.5	$	57.0
Operating cash flows from finance leases	0.1		0.1
Financing cash flows from finance leases	1.0		0.9
Leased assets obtained in exchange for lease obligations:
Operating leases	$	61.9	$	54.8
Finance leases	0.2		1.1

Schedule of Lease Payment Amounts for Operating Leases

Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2024 were as follows (in millions):

	December 31, 2024
	Operating Leases(1)		Finance Leases
2025	$	53.3	$	0.7
2026	43.9		0.5
2027	29.7		0.4
2028	22.6		0.3
2029	15.2		0.2
Thereafter	42.2		5.5
Total lease payments	206.9		7.6
Less: imputed interest(2)	(34.4)		(2.0)
Present value of lease liabilities	$	172.5	$	5.6

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(1)    Operating lease payments include options to extend or terminate at the Company's sole discretion, which are included in the determination of lease term when they are reasonably certain to be exercised.

(2)    Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

    Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2023 were as follows (in millions):

	December 31, 2023
	Operating Leases(1)		Finance Leases
2024	$	52.8	$	0.7
2025	43.0		0.6
2026	32.6		0.4
2027	19.7		0.3
2028	14.7		0.1
Thereafter	46.5		5.8
Total lease payments	209.3		7.9
Less: imputed interest(2)	(29.5)		(2.0)
Present value of lease liabilities	$	179.8	$	5.9

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(1)    Operating lease payments include options to extend or terminate at the Company's sole discretion, which are included in the determination of lease term when they are reasonably certain to be exercised.

(2)    Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

Schedule of Lease Payment Amounts for Finance Leases

Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2024 were as follows (in millions):

	December 31, 2024
	Operating Leases(1)		Finance Leases
2025	$	53.3	$	0.7
2026	43.9		0.5
2027	29.7		0.4
2028	22.6		0.3
2029	15.2		0.2
Thereafter	42.2		5.5
Total lease payments	206.9		7.6
Less: imputed interest(2)	(34.4)		(2.0)
Present value of lease liabilities	$	172.5	$	5.6

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(1)    Operating lease payments include options to extend or terminate at the Company's sole discretion, which are included in the determination of lease term when they are reasonably certain to be exercised.

(2)    Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

    Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2023 were as follows (in millions):

	December 31, 2023
	Operating Leases(1)		Finance Leases
2024	$	52.8	$	0.7
2025	43.0		0.6
2026	32.6		0.4
2027	19.7		0.3
2028	14.7		0.1
Thereafter	46.5		5.8
Total lease payments	209.3		7.9
Less: imputed interest(2)	(29.5)		(2.0)
Present value of lease liabilities	$	179.8	$	5.9

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(1)    Operating lease payments include options to extend or terminate at the Company's sole discretion, which are included in the determination of lease term when they are reasonably certain to be exercised.

(2)    Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.