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Leases (Tables)
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Sales-Type Lease, Revenue Revenue from sales-type leases is included in service revenues within the condensed consolidated statements of operations and consists of the following for the periods presented (in millions):
Three Months Ended March 31,
20252024
Sales-type lease selling price(1)
$9.3 $7.5 
Cost of underlying assets(2.9)(2.0)
Operating profit$6.4 $5.5 
Interest income$1.9 $1.7 
Total revenue attributable to sales-type leases$11.2 $9.2 
(1) Selling price is equal to the present value of lease payments over the non-cancellable term of the licensing agreement.
Schedule of Supplemental Balance Sheet Information Related to Leases
Leasing receivables related to our net investment in sales-type leases are as follows (in millions):
Balance Sheet LocationMarch 31, 2025December 31, 2024
Leasing receivables, net—short-termOther current assets$36.0 $33.9 
Leasing receivables, net—long-termOther assets73.2 71.2 
Total leasing receivables$109.2 $105.1 
Supplemental balance sheet information related to our operating and financing right-of-use (“ROU”) assets and lease liabilities and deemed landlord financing (“DLF”) assets and obligations, excluding ROU assets and lease liabilities held for sale as of March 31, 2025 (see Note 18), is as follows (in millions):
Balance Sheet LocationMarch 31, 2025December 31, 2024
Assets
Operating lease ROU assets, netOperating lease ROU assets, net$1,268.8 $1,339.2 
Financing lease ROU assets, net
Other assets, net
$260.4 $261.4 
Liabilities
Current
Operating lease liabilities, short-termOperating lease liabilities, short-term$76.2 $89.3 
Financing lease liabilities, short-termAccounts payable and accrued expenses$1.4 $1.4 
DLF obligations, short-termAccounts payable and accrued expenses$1.0 $1.0 
Non-current
Operating lease liabilities, long-termOperating lease liabilities, long-term$1,322.6 $1,377.1 
Financing lease liabilities, long-termOther long-term liabilities $303.7 $301.9 
DLF obligations, long-termDeemed landlord financing obligations$1,210.9 $1,194.8 
Schedule of Sales-Type Lease, Lease Receivable, Maturity
Net maturities of sales-type lease receivables for the next five years and thereafter as of March 31, 2025 are as follows (in millions):
Remainder of 2025$34.7 
202632.0 
202725.2 
202818.0 
202910.5 
Thereafter3.6 
Total future lease proceeds124.0 
Less: imputed interest14.8 
Total$109.2 
Schedule of Components of Lease Expense and Other Information Related to Leases
The components of lease expense included in our condensed consolidated statement of operations for the periods presented below are as follows for the periods presented (in millions):
Three Months Ended March 31,
20252024
Operating lease costs:$45.1 $45.1 
Financing lease costs:
Amortization of ROU assets2.0 1.9 
Interest on lease liabilities4.7 4.3 
Total financing lease costs6.7 6.2 
DLF obligation costs:
Depreciation of DLF assets11.3 9.0 
Interest on DLF obligations27.7 24.0 
Total DLF obligation costs39.0 33.0 
Variable lease costs2.4 3.5 
Total lease costs$93.2 $87.8 

Other information related to leases (in millions):
Three Months Ended March 31,
Supplemental Cash Flows Information20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$42.0 $41.1 
Operating cash flows from finance leases$2.7 $2.2 
Operating cash flows from DLF obligations$15.5 $13.0 
Financing cash flows from finance leases$1.4 $1.5 
Financing cash flows from DLF obligations$8.8 $6.6 
Lease liabilities arising from new ROU assets:
Operating leases$15.2 $19.0 
Financing leases$— $0.1 
DLF obligations$12.9 $30.6 
March 31, 2025December 31, 2024
Weighted-average remaining lease term (years):
Operating leases15.315.2
Financing leases36.036.2
DLF obligations36.336.8
Weighted-average discount rate:
Operating leases5.9 %5.8 %
Financing leases6.5 %6.5 %
DLF obligations9.3 %9.4 %
Schedule of Future Minimum Operating Lease Obligations
As of March 31, 2025, our future minimum lease obligations were as follows (in millions):
Operating LeasesFinancing Leases
DLF Obligations(1)
Total
Remainder of 2025$103.3 $11.0 $62.5 $176.8 
2026151.9 18.1 99.1 269.1 
2027152.2 18.2 100.4 270.8 
2028152.1 18.7 102.6 273.4 
2029151.8 19.2 105.0 276.0 
Thereafter1,524.0 805.6 4,471.6 6,801.2 
Total future lease payments2,235.3 890.8 4,941.2 8,067.3 
Less: imputed interest836.5 585.7 3,729.3 5,151.5 
Total$1,398.8 $305.1 $1,211.9 $2,915.8 
(1) Future lease payments for DLF Obligations include approximately $12.5 million of reimbursements which we expect to receive from third-party financing partners that were not yet received as of March 31, 2025. Imputed interest includes approximately $63.0 million related to these unfunded DLF Obligations as of March 31, 2025.
Schedule of Future Minimum Financing Lease Obligations
As of March 31, 2025, our future minimum lease obligations were as follows (in millions):
Operating LeasesFinancing Leases
DLF Obligations(1)
Total
Remainder of 2025$103.3 $11.0 $62.5 $176.8 
2026151.9 18.1 99.1 269.1 
2027152.2 18.2 100.4 270.8 
2028152.1 18.7 102.6 273.4 
2029151.8 19.2 105.0 276.0 
Thereafter1,524.0 805.6 4,471.6 6,801.2 
Total future lease payments2,235.3 890.8 4,941.2 8,067.3 
Less: imputed interest836.5 585.7 3,729.3 5,151.5 
Total$1,398.8 $305.1 $1,211.9 $2,915.8 
(1) Future lease payments for DLF Obligations include approximately $12.5 million of reimbursements which we expect to receive from third-party financing partners that were not yet received as of March 31, 2025. Imputed interest includes approximately $63.0 million related to these unfunded DLF Obligations as of March 31, 2025.