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Leases
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases

(14) Leases

The components of lease expense were as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Operating lease expense

 

$

35.0

 

 

$

32.2

 

 

$

65.8

 

 

$

65.3

 

Short-term lease expense

 

 

4.7

 

 

 

2.1

 

 

 

8.8

 

 

 

2.5

 

Other lease expense(a)

 

 

2.6

 

 

 

1.2

 

 

 

3.3

 

 

 

3.3

 

Total lease expense

 

$

42.3

 

 

$

35.5

 

 

$

77.9

 

 

$

71.1

 

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

Other information related to our operating leases is as follows:

 

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of liabilities

 

$

65.2

 

 

$

60.1

 

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

 

 

64.9

 

 

 

27.8

 

Weighted-average remaining lease term

 

5.3 years

 

 

5.4 years

 

Weighted-average discount rate

 

 

4.0

%

 

 

3.9

%

Maturities of operating lease liabilities as of June 30, 2025 were as follows:

 

Period Ending June 30, 2025

 

Operating Leases

 

2025

 

$

64.5

 

2026

 

 

113.7

 

2027

 

 

89.5

 

2028

 

 

68.9

 

2029

 

 

50.3

 

2030

 

 

38.4

 

Thereafter

 

 

63.2

 

Total future undiscounted lease payments

 

 

488.5

 

Less imputed interest

 

 

(51.6

)

Total operating lease liabilities

 

$

436.9