XML 44 R36.htm IDEA: XBRL DOCUMENT v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Components of Lease Expense and Other Information

The components of lease expense were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Operating lease expense

 

$

30.8

 

 

$

33.1

 

Short-term lease expense

 

 

4.1

 

 

 

0.4

 

Other lease expense(a)

 

 

0.7

 

 

 

2.1

 

Total lease expense

 

$

35.6

 

 

$

35.6

 

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

Other information related to our operating leases is as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of liabilities

 

$

32.1

 

 

$

30.5

 

Right-of-use assets obtained in exchange for new liabilities

 

 

27.4

 

 

 

21.5

 

Weighted-average remaining lease term

 

5.3 years

 

 

5.5 years

 

Weighted-average discount rate

 

 

4.0

%

 

 

3.9

%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of March 31, 2025 were as follows:

 

Period Ending March 31, 2025

 

Operating Leases

 

2025

 

$

89.0

 

2026

 

 

99.1

 

2027

 

 

76.4

 

2028

 

 

58.6

 

2029

 

 

41.6

 

2030

 

 

31.2

 

Thereafter

 

 

48.5

 

Total future undiscounted lease payments

 

 

444.4

 

Less imputed interest

 

 

(46.9

)

Total operating lease liabilities

 

$

397.5