Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 143

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 143
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 calculating the right of use assets and corresponding lease liabilities. Accordingly, we determine the interest rate that we would have to pay to borrow on a collateralized basis over a similar term and amount equal to the lease payments in similar economic environments. Our lease costs and cash flows for the years ended December 31, 2024 and December 31, 2023 were as follows:

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                Year ended202420232022(in millions)Lease costs:Operating lease costs$11.8 $11.9 $11.0 Short-term and variable lease costs$0.6 $0.5 $0.2 Cash flows:Operating cash flows from operating leases$11.6 $11.7 $10.7 Our weighted average remaining lease term and discount rates at December 31, 2024 and December 31, 2023 were as follows:December 31,2024December 31,2023Weighted average remaining lease term (in years)6.06.4Weighted average discount rate4.1 %3.8 %A maturity analysis of undiscounted operating lease liabilities is shown in the table below:    Operating Lease Payments(in millions)2025$12.0 202611.5 20279.9 20287.8 20296.6 Thereafter14.0 Total lease payments61.8 Less: interest(7.2)Present value of lease liabilities$54.6 The operating lease payments listed in the table above include all current leases. The payments also include all renewal periods that we are reasonably certain to exercise. 

We rarely enter into finance leases or act as a lessor. Since finance lease amounts, lessor details, and finance lease related costs are not significant to our consolidated financial position or results of operations, additional disclosures regarding finance leases are not presented. 

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10.Accrued Expenses As of December 31, 20242023 (in millions)Salaries, wages and employee benefits$52.6 $56.0 Interest4.4 4.2 Environmental11.3 8.2 Income taxes11.5 10.0 Taxes other than income3.5 5.1 Operating lease liability10.2 10.0 Other22.5 26.1 $116.0 $119.6 

11.Debt As of December 31, 202