Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Lease Cost Components

The components of lease costs for the years ended December 31, 2024 and 2023 were as follows.

TABLE 68: LEASE COST COMPONENTS

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2024		2023
Operating Lease Cost	$	93.5	$	109.2
Variable Lease Cost (1)	49.3		54.7
Sublease Income	(3.0)		(2.7)
Total Lease Cost	$	139.8	$	161.2

(1) Variable Lease Cost includes rental payments based on usage, common-area maintenance costs and property taxes.

The following table provides supplemental cash flow information related to leases for the years ended December 31, 2024 and 2023.

TABLE 72: SUPPLEMENTAL CASH FLOW INFORMATION

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2024		2023
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows	$	94.5	$	91.4
Supplemental non-cash information
Right-of-use assets obtained in exchange for new operating lease liabilities	$	36.5	$	122.6

Maturity of Lease Liability

The following table presents a maturity analysis of lease liabilities as of December 31, 2024.

TABLE 69: MATURITY OF LEASE LIABILITIES

(In Millions)	MATURITY OF LEASE LIABILITIES
2025	$	105.0
2026	90.8
2027	89.1
2028	76.3
2029	61.0
Later Years	349.5
Total Lease Payments	771.7
Less: Imputed Interest	(122.9)
Present Value of Lease Liabilities	$	648.8

Leases

The location and amount of ROU assets and lease liabilities recorded on the consolidated balance sheets as of December 31, 2024 and 2023 are presented in the following table.

TABLE 70: LOCATION AND AMOUNT OF LEASE ASSETS AND LIABILITIES

(In Millions)	LOCATION OF LEASE ASSETS AND LEASE LIABILITIES ON THE BALANCE SHEET	DECEMBER 31, 2024		DECEMBER 31, 2023
Assets
Operating Lease Right-of-Use Asset	Other Assets	$	478.0	$	522.8
Liabilities
Operating Lease Liability	Other Liabilities	$	648.8	$	692.8

The weighted-average remaining lease term and weighted-average discount rate applied to leases as of December 31, 2024 and 2023 were as follows:

TABLE 71: WEIGHTED-AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE

	DECEMBER 31, 2024		DECEMBER 31, 2023
Operating Leases
Weighted-Average Remaining Lease Term	9.7 years		10.1 years
Weighted-Average Discount Rate	3.4	%	3.3	%