Other Assets

3 Months Ended

Mar. 31, 2023

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

Other Assets

Note 6 – Other assets:

	December 31,		March 31,
	2022		2023
	(In millions)
Other noncurrent assets:
Restricted cash and cash equivalents	$	37.2	$	30.9
Note receivables - OPA		49.3		46.5
Land held for development		29.7		29.6
Operating lease right-of-use assets		21.5		21.3
IBNR receivables		16.8		15.4
Pension asset		9.3		9.8
Other		24.3		24.8
Total	$	188.1	$	178.3

Note receivables - OPA – As disclosed in Note 7 to our 2022 Annual Report, under an Owner Participation Agreement (“OPA”) entered into by LandWell with the Redevelopment Agency of the City of Henderson, Nevada, as LandWell develops certain real property for commercial and residential purposes in its master planned community in Henderson, Nevada, the cost of certain public infrastructure may be reimbursed to LandWell through tax increment. Once the tax increment reimbursement is approved, the amount is recognized as other income and is evidenced by a promissory note issued to LandWell by the City of Henderson. No additional tax increment amounts were approved during the first three months of 2022 and 2023.