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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Lease Cost
The components of lease cost recorded in our consolidated statements of income were as follows:
Year ended December 31,
202420232022
(in millions)
Operating lease cost$103.9 $47.8 $35.3 
Finance lease cost
Amortization of leased assets30.9 42.7 51.0 
Interest on lease liabilities25.2 38.8 43.5 
Variable lease cost43.6 44.6 39.8 
Sublease income(1.6)(2.7)(2.7)
Net lease cost$202.0 $171.2 $166.9 
Schedule of Components of Lease in Balance Sheets
Our leases are included on our consolidated balance sheets as follows:
As of December 31,
20242023
(in millions)
Operating leases
Operating lease assets$1,356.8 $293.6 
Total operating lease assets
$1,356.8 $293.6 
Other current liabilities$87.1 $33.1 
Long-term operating lease liabilities1,544.4 348.6 
Total operating lease liabilities
$1,631.5 $381.7 
Finance leases
Property and equipment, net$57.9 $272.8 
Total finance lease assets
$57.9 $272.8 
Other current liabilities$5.2 $50.6 
Long-term finance lease liabilities112.8 376.1 
Total finance lease liabilities
$118.0 $426.7 
Schedule of Finance Lease, Liability, Maturity
Maturities of our finance and operating lease liabilities as of December 31, 2024 were as follows:
Year
Operating Leases
Finance Leases
Total
(in millions)
2025$167.3 $10.2 $177.5 
2026158.7 11.4 170.1 
2027157.9 11.8 169.7 
2028154.7 12.2 166.9 
2029102.8 12.5 115.3 
Thereafter
1,997.8 130.9 2,128.7 
Total lease payments
2,739.2 189.0 2,928.2 
Less: tenant allowance
(199.2)— (199.2)
Less: amount representing interest
(908.5)(71.0)(979.5)
Present value of lease liabilities
$1,631.5 $118.0 $1,749.5 
Schedule of Operating Lease, Liability, Maturity
Maturities of our finance and operating lease liabilities as of December 31, 2024 were as follows:
Year
Operating Leases
Finance Leases
Total
(in millions)
2025$167.3 $10.2 $177.5 
2026158.7 11.4 170.1 
2027157.9 11.8 169.7 
2028154.7 12.2 166.9 
2029102.8 12.5 115.3 
Thereafter
1,997.8 130.9 2,128.7 
Total lease payments
2,739.2 189.0 2,928.2 
Less: tenant allowance
(199.2)— (199.2)
Less: amount representing interest
(908.5)(71.0)(979.5)
Present value of lease liabilities
$1,631.5 $118.0 $1,749.5 
Schedule of Weighted-Average Remaining Lease Terms and Discount Rates
The weighted-average remaining lease terms and discount rates related to our leases were as follows:
As of December 31,
20242023
Weighted-average remaining lease term (in years)
Operating leases15.5811.24
Finance leases22.1710.06
Weighted-average discount rate
Operating leases4.61 %2.42 %
Finance leases
4.58 %8.20 %
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to our leases was as follows:
Year ended December 31,
202420232022
(in millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$113.5 $62.8 $50.8 
Operating cash flows from finance leases$25.7 $38.4 $42.5 
Financing cash flows from finance leases$33.6 $44.9 $85.5 
Right-of-use assets obtained in exchange for lease obligations
Operating leases
$1,120.9 $2.4 $58.6