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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Changes in Asset Retirement Obligations

The following shows the changes in asset retirement obligations:

 

years ended December 31
(in millions)

 

2023

 

 

2022

 

 

2021

 

Balance at beginning of year

 

$

380.0

 

 

$

306.8

 

 

$

153.8

 

Accretion expense

 

 

10.9

 

 

 

10.6

 

 

 

7.2

 

Liabilities incurred and liabilities assumed in business combinations

 

 

33.8

 

 

 

78.6

 

 

 

179.0

 

Liabilities settled

 

 

(27.7

)

 

 

(14.1

)

 

 

(5.2

)

Revisions in estimated cash flows

 

 

(12.5

)

 

 

(3.1

)

 

 

3.5

 

Liabilities reclassified from/(to) assets held for sale

 

 

15.8

 

 

 

1.2

 

 

 

(31.5

)

Balance at end of year

 

$

400.3

 

 

$

380.0

 

 

$

306.8

 

Schedule of Contractual Purchase Commitments The Company’s contractual purchase commitments as of December 31, 2023 are as follows:

 

(in millions)

 

 

 

2024

 

$

247.2

 

2025

 

 

39.1

 

2026

 

 

28.7

 

2027

 

 

14.1

 

2028

 

 

14.4

 

Thereafter

 

 

51.7

 

Total

 

$

395.2

 

Schedule of Future Minimum Contracts of Affreightment and Royalty Commitments for All Noncancelable Agreements Future minimum contracts of affreightment and royalty commitments for all noncancelable agreements that are not accounted for as leases on the Company’s consolidated balance sheet as of December 31, 2023 are as follows:

 

(in millions)

 

Contracts of Affreightment

 

 

Royalty
Commitments

 

2024

 

$

16.9

 

 

$

26.4

 

2025

 

 

17.1

 

 

 

14.1

 

2026

 

 

17.4

 

 

 

11.7

 

2027

 

 

17.7

 

 

 

11.2

 

2028

 

 

 

 

 

8.0

 

Thereafter

 

 

 

 

 

77.4

 

Total

 

$

69.1

 

 

$

148.8