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LEASES (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of supplemental balance sheet information related to leases
The following table presents the supplemental balance sheet information related to leases as of September 30, 2024 and December 31, 2023, respectively (in millions):
September 30,
2024
December 31,
2023
Operating lease right of use assets$130.7 $136.6 
Total leased assets$130.7 $136.6 
  
Current operating lease liabilities (1)$20.4 $20.8 
Non-current operating lease liabilities143.9 150.8 
Total leased liabilities$164.3 $171.6 
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(1) These amounts are reflected within accounts payable and accrued liabilities in the condensed consolidated balance sheets.
Schedule of lease cost and other information
The following table presents operating lease costs and other information as of and for the three and nine months ended September 30, 2024 and 2023, respectively (in millions, except as stated):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Operating lease costs (1)$9.0 $9.3 $27.5 $26.8 
Lease term and discount rate information:
Weighted average remaining lease term (years)7.79.4
Weighted average discount rate3.5 %3.2 %
Supplemental cash flow information and non-cash activity:
Cash paid for amounts included in the measurement of lease liabilities$6.4 $5.4 $20.8 $18.4 
Right of use assets obtained in exchange for lease liabilities20.1 11.7 20.4 14.8 
Reduction in lease liability due to remeasurement(2.5)— (14.0)— 
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(1) Includes short-term lease and variable lease costs, which are immaterial.
Schedule of maturities of lease liabilities
The maturities of the lease liabilities are as follows as of September 30, 2024 (in millions):
September 30,
2024
Remainder of 2024$6.4 
202526.7 
202629.5 
202725.9 
202823.8 
After 202881.4 
Total lease payments$193.7 
Less: Interest(29.4)
Present value of lease liabilities$164.3