Leases (Tables)

12 Months Ended

Dec. 31, 2025

The following table summarizes our net operating lease cost during the years ended December 31, 2025, 2024, and 2023:


	Year Ended December 31, 2025		Year Ended December 31, 2024		Year Ended December 31, 2023
Lease Cost
Operating lease cost (1)	$	287.1	$	260.3	$	252.9
Variable lease cost	27.0		21.3		16.0
Sublease income	(15.6)		(16.4)		(17.1)
Total lease cost	$	298.5	$	265.2	$	251.8
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(1)Includes short-term leases, which are immaterial.

Schedule of supplemental cash flow information related to operating leases and weighted average remaining lease term and discount rate of leases

The following table summarizes supplemental cash flow information related to our operating leases:


	Year Ended December 31, 2025		Year Ended December 31, 2024		Year Ended December 31, 2023
Other Information

Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	289.7	$	278.2	$	266.9
Right-of-use assets modified or obtained in exchange for operating lease liabilities, net	$	(2.4)	$	220.6	$	32.7

Supplemental balance sheet information related to the weighted average remaining lease term and discount rate of our leases is as follows:


	December 31, 2025	December 31, 2024
Lease Term and Discount Rate
Weighted-average remaining lease term - operating leases	23 years	23 years
Weighted-average discount rate - operating leases	6.7%	6.6%

Schedule of maturity of lease liabilities

The following table summarizes the maturity of our lease liabilities on an undiscounted cash flow basis and a reconciliation to the operating lease liabilities recognized on our consolidated balance sheet as of December 31, 2025:


Maturity of Lease Liabilities	December 31, 2025
2026	$	274.2
2027	263.4
2028	260.0
2029	251.5
2030	246.4
2031 and thereafter	4,165.7
Total future minimum lease payments	$	5,461.2
Less: Imputed interest	(2,898.2)
Present value of future minimum lease payments	$	2,563.0

Current operating lease liabilities (1)	$	101.5
Long-term operating lease liabilities	2,461.5
Total operating lease liabilities	$	2,563.0
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(1)Included within "Accrued expenses and other current liabilities" on Consolidated Balance Sheet as of December 31, 2025.