Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Lease Assets and Liabilities

Lease assets and liabilities are summarized as follows:

	December 31,
(in millions)	2024		2023		Classification
Assets
Operating lease assets	$	214.7	$	229.3	Operating lease assets
Finance lease assets		6.2		3.2	Other assets
Total lease assets	$	220.9	$	232.5
Liabilities
Operating lease liabilities	$	229.9	$	246.6	Operating lease liabilities
Finance lease liabilities		5.7		3.1	Notes and contracts payable
Total lease liabilities	$	235.6	$	249.7

Summary of Components of Lease Expense

The components of lease expense are summarized as follows:

	Year ended December 31,
(in millions)	2024			2023			2022			Classification
Operating lease cost	$	85.6		$	89.0		$	93.1		Other operating expenses
Finance lease cost:
Amortization of lease assets		2.7			1.7			1.7		Depreciation and amortization
Interest of lease liabilities		0.2			0.1			0.1		Interest
Variable lease cost		29.7			31.8			34.2		Other operating expenses
Short-term lease cost		1.4			2.1			2.6		Other operating expenses
Sublease income		(2.7	)		(2.7	)		(1.2	)	Information and other
Net lease cost	$	116.9		$	122.0		$	130.5

Schedule of Future Minimum Lease Payments Under Operating and Finance Lease with Noncancelable Lease Terms

Future minimum lease payments under operating and finance leases with noncancelable lease terms, as of December 31, 2024, are summarized as follows:

(in millions)	Operating Leases			Finance Leases			Total
2025	$	79.9		$	2.3		$	82.2
2026		62.0			1.9			63.9
2027		43.8			0.8			44.6
2028		26.1			0.7			26.8
2029		15.8			0.2			16.0
Thereafter		32.6			—			32.6
Total lease payments		260.2			5.9			266.1
Interest		(30.3	)		(0.2	)		(30.5	)
Present value of lease liabilities	$	229.9		$	5.7		$	235.6

Schedule of Information Related to Lease Terms and Discount Rate

Information related to lease terms and discount rates is summarized as follows:

	December 31,
	2024			2023
Weighted-average remaining lease terms (years):
Operating leases		4.5			4.0
Finance leases		3.2			2.6
Weighted-average discount rates:
Operating leases		5.03	%		4.06	%
Finance leases		2.29	%		3.01	%

Schedule of Cash Flow Information Related to Lease Liabilities

Cash flow information related to lease liabilities is summarized as follows:

	Year ended December 31,
(in millions)	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	87.4	$	91.5	$	95.9
Operating cash flows from finance leases	$	0.2	$	0.1	$	0.1
Financing cash flows from finance leases	$	2.6	$	1.8	$	1.9
Operating lease assets obtained in exchange for new operating lease liabilities	$	61.7	$	58.9	$	66.2
Finance lease assets obtained in exchange for new finance lease liabilities	$	6.1	$	1.5	$	2.8