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Leases
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases

(13) Leases

The components of lease expense were as follows:

 

Year Ended December 31

 

2025

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

 

$

135.2

 

 

$

129.7

 

 

$

137.4

 

Short-term lease expense

 

 

18.5

 

 

 

15.3

 

 

 

4.9

 

Variable lease expense

 

 

7.1

 

 

 

6.8

 

 

 

13.1

 

Total lease expense

 

$

160.8

 

 

$

151.8

 

 

$

155.4

 

 

 

Other information related to leases was as follows:

 

Year Ended December 31

 

2025

 

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement of liabilities

 

$

130.9

 

 

$

119.7

 

 

$

132.0

 

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

 

 

100.5

 

 

 

82.2

 

 

 

135.6

 

Weighted-average remaining lease term – operating leases

 

5.2 years

 

 

5.2 years

 

 

5.6 years

 

Weighted-average discount rate – operating leases

 

 

4.0

%

 

 

4.0

%

 

 

3.8

%

 

 

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

 

 

 

Operating Leases

 

2026

 

$

122.0

 

2027

 

 

96.7

 

2028

 

 

74.5

 

2029

 

 

53.9

 

2030

 

 

41.9

 

Thereafter

 

 

69.6

 

Total future undiscounted lease payments

 

 

458.6

 

Less imputed interest

 

 

(46.9

)

Total operating lease liabilities

 

$

411.7