Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Components of Lease Expense and Other Information

The components of lease expense were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Operating lease expense	$	33.8	$	35.6	$	99.1	$	106.9
Short-term lease expense		4.2		1.1		6.7		3.7
Other lease expense(a)		1.7		2.5		5.0		10.4
Total lease expense	$	39.7	$	39.2	$	110.8	$	121.0

(a)Other lease expense includes variable lease expense and sublease income.

Other information related to leases was as follows:

	Nine Months Ended September 30,
Supplemental Cash Flow Information	2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	91.3	$	102.6
Right-of-use assets obtained in exchange for new operating lease liabilities		52.9		107.2

Supplemental Balance Sheet Information

	September 30,		December 31,
Supplemental Balance Sheet Information	2024		2023
Operating lease ROU assets	$	385.6	$	414.0
Short-term operating lease liability (a)	$	102.0	$	100.2
Long-term operating lease liability		299.0		323.2
Total operating lease liabilities	$	401.0	$	423.4

(a)Short-term operating lease liability is included in accrued liabilities on our Consolidated Balance Sheets.

Weighted Average Remaining Lease Term and Discount Rate

	September 30,
	2024			2023
Weighted Average Remaining Lease Term
Operating leases	5.4 years			5.5 years
Weighted Average Discount Rate
Operating leases		4.0	%		3.6	%

Maturities of operating lease liabilities as of September 30, 2024 were as follows:

Period Ending September 30, 2024	Operating Leases
2024	$	29.6
2025		111.5
2026		87.2
2027		64.8
2028		50.1
2029		36.8
Thereafter		68.7
Total future undiscounted lease payments		448.7
Less imputed interest		(47.7	)
Total operating lease liabilities	$	401.0

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of September 30, 2024 were as follows:

Period Ending September 30, 2024	Operating Leases
2024	$	29.6
2025		111.5
2026		87.2
2027		64.8
2028		50.1
2029		36.8
Thereafter		68.7
Total future undiscounted lease payments		448.7
Less imputed interest		(47.7	)
Total operating lease liabilities	$	401.0