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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Information on Leases

Information on our leases is as follows ($ in millions):

 

 

For the Years Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Lease cost

 

$

64.3

 

 

$

64.7

 

 

$

59.7

 

Cash paid for leases recognized in operating cash flows

 

$

67.9

 

 

$

57.9

 

 

$

62.8

 

Right-of-use assets obtained in exchange for new lease liabilities

 

$

38.1

 

 

$

86.2

 

 

$

77.8

 

 

 

 

 

 

As of December 31,

 

 

 

 

 

2025

 

 

2024

 

Right-of-use assets recognized in Other assets

 

 

 

$

204.2

 

 

$

213.5

 

Lease liabilities recognized in Other current liabilities

 

 

 

$

57.5

 

 

$

53.2

 

Lease liabilities recognized in Other long-term liabilities

 

 

 

$

175.5

 

 

$

190.2

 

Weighted-average remaining lease term

 

 

 

6.0 years

 

 

6.6  years

 

Weighted-average discount rate

 

 

 

 

3.6

%

 

 

3.5

%

Schedule of Future Minimum Lease Payments

Our future minimum lease payments as of December 31, 2025 were (in millions):

 

For the Years Ending December 31,

 

 

 

 

 

 

 

2026

 

 

 

 

 

$

64.2

 

2027

 

 

 

 

 

 

52.8

 

2028

 

 

 

 

 

 

37.5

 

2029

 

 

 

 

 

 

28.4

 

2030

 

 

 

 

 

 

21.0

 

Thereafter

 

 

 

 

 

 

59.1

 

Total

 

 

 

 

 

 

263.0

 

Less imputed interest

 

 

 

 

 

 

30.0

 

Total

 

 

 

 

 

$

233.0