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Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases  
Schedule of lease cost

Three Months Ended

Six Months Ended

June 30,

June 30,

2025

    

2024

    

2025

   

2024

(in millions)

Operating lease cost

$

21.2

$

17.6

$

41.3

$

35.2

Variable fees and other(1)

7.2

8.3

15.2

15.9

Total lease cost

$

28.4

    

$

25.9

    

$

56.5

$

51.1

Schedule of supplemental cash flow and other lease information

Supplemental cash flow and balance sheet information is presented below:

Six Months Ended

June 30,

2025

   

2024

(in millions)

Supplemental cash flow information:

Cash payments for operating leases                 

$

55.8

$

51.3

Right-of-use assets obtained in exchange for operating lease obligations

$

64.3

$

54.0

June 30,

December 31,

2025

2024

Other lease information:

Weighted average remaining lease term—operating leases

6.7 years

6.3 years

Weighted average discount rate—operating leases

4.8%

4.6%

Schedule of maturities of operating lease liabilities

(in millions)

2025 (remaining six months)

$

39.8

2026

71.3

2027

60.3

2028

49.9

2029

41.4

Thereafter

100.9

Total operating lease payments

363.6

Less: imputed interest

(57.0)

Total operating lease liabilities

$

306.6