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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases  
Schedule of ROU Assets and Lease Liabilities

December 31, 

2023

2022

Location on Balance Sheet

Operating lease ROU assets, net

$

65.3

$

76.1

Right-of-use assets - operating, net

Finance lease ROU assets, net

6.2

7.7

Property, plant, and equipment, net of accumulated depreciation

Operating lease liabilities - current portion

16.3

17.1

Current lease liabilities - operating

Operating lease liabilities - noncurrent portion

51.7

60.2

Noncurrent lease liabilities - operating

Finance lease liabilities - current portion

1.6

1.5

Short-term borrowings and current portion of long-term debt

Finance lease liabilities - noncurrent portion

4.8

6.2

Long-term debt, net of unamortized deferred financing fees

Schedule of Lease Costs

Year Ended

December 31, 

2023

2022

2021

Finance lease cost:

Amortization of lease ROU assets

$

1.6

$

2.4

$

2.7

Interest on lease liabilities

0.4

0.1

0.1

Operating lease cost:

19.1

21.3

20.7

Variable lease cost

0.4

0.3

0.1

Total lease cost

$

21.5

$

24.1

$

23.6

Schedule of Cash and Non-cash Activity Related To Lease Liabilities

Year Ended

December 31, 

2023

2022

2021

Cash paid related to lease liabilities:

Operating cash flows from operating leases

$

19.5

$

22.3

$

21.4

Operating cash flows from finance leases

0.4

0.1

0.1

Financing cash flows from finance leases

1.4

2.4

2.7

Non-cash lease liability activity:

ROU assets obtained in exchange for new operating lease liabilities

$

5.1

$

12.2

$

29.0

ROU assets obtained in exchange for new finance lease liabilities

0.2

6.3

0.2

Schedule of Maturity of Operating Lease Liabilities ASC842

Maturity of lease liabilities by year

2024

2025

2026

2027

2028

Thereafter

Total Lease Payments

Less Imputed Interest

Lease Liability

Operating leases

$

17.2

$

12.8

$

8.9

$

7.8

$

6.9

$

23.2

$

76.8

$

(8.8)

$

68.0

Finance leases

2.1

1.7

1.7

1.6

0.1

7.2

(0.8)

6.4

Total

$

19.3

$

14.5

$

10.6

$

9.4

$

6.9

$

23.3

$

84.0

$

(9.6)

$

74.4

Schedule of Maturity of Finance Lease Liabilities

Maturity of lease liabilities by year

2024

2025

2026

2027

2028

Thereafter

Total Lease Payments

Less Imputed Interest

Lease Liability

Operating leases

$

17.2

$

12.8

$

8.9

$

7.8

$

6.9

$

23.2

$

76.8

$

(8.8)

$

68.0

Finance leases

2.1

1.7

1.7

1.6

0.1

7.2

(0.8)

6.4

Total

$

19.3

$

14.5

$

10.6

$

9.4

$

6.9

$

23.3

$

84.0

$

(9.6)

$

74.4

Schedule of of the weighted average remaining lease terms and the weighted average discount rates for operating and finance leases

As of

December 31, 

2023

2022

2021

Operating leases:

Weighted average remaining lease term (in years)

7.1

7.6

7.9

Weighted average discount rate

3.9

%

3.4

%

3.4

%

Finance leases:

Weighted average remaining lease term (in years)

3.9

4.9

2.0

Weighted average discount rate

6.4

%

6.3

%

2.8

%