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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Additional Lease Information
Additional lease information is summarized below:
202420232022
Components of Lease Expense
Operating lease cost
$562.4 $528.5 $498.0 
Finance lease cost:
Amortization of right-of-use assets$0.7 
Interest on lease liabilities1.5 
Total$2.2 $— $— 
Short-term lease cost $69.6 $58.5 $47.1 
Variable lease cost$132.1 $104.1 $89.9 
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$545.5 $513.8 $480.1 
Operating cash outflows from finance leases0.2 
Financing cash outflows from finance leases0.2 
Leased assets obtained in exchange for new lease liabilities:
Operating leases$526.9 $473.3 $463.1 
Finance leases188.2 
202420232022
Supplemental Balance Sheet Information
Operating Leases:
Operating lease right-of-use assets$1,953.8 $1,887.4 $1,866.8 
Current portion of operating lease liabilities466.6 449.3 425.3 
Long-term operating lease liabilities1,558.3 1,509.5 1,512.9 
Finance Leases:
Other assets$187.5 
Other accruals3.7 
Other long-term liabilities185.6 
Other Supplemental Information
Weighted average remaining lease term:
Operating leases5.5 years5.5 years5.6 years
Finance leases43.4 years
Weighted average discount rate:
Operating leases4.2 %3.8 %3.3 %
Finance leases5.5 %
Maturities of Operating Lease Liabilities
The following table reconciles the undiscounted cash flows for each of the next five years and thereafter to the operating and finance lease liabilities recognized on the Consolidated Balance Sheets as of December 31, 2024. The reconciliation excludes short-term leases that are not recorded on the Consolidated Balance Sheets.
Operating LeasesFinance Leases
Year Ending December 31,
2025$540.4 $9.1 
2026466.9 8.2 
2027378.7 8.4 
2028289.3 8.6 
2029200.5 8.8 
Thereafter413.3 586.6 
Total lease payments2,289.1 629.7 
Amount representing interest(264.2)(440.4)
Present value of lease liabilities$2,024.9 $189.3 
Finance Lease, Liability, to be Paid, Maturity
The following table reconciles the undiscounted cash flows for each of the next five years and thereafter to the operating and finance lease liabilities recognized on the Consolidated Balance Sheets as of December 31, 2024. The reconciliation excludes short-term leases that are not recorded on the Consolidated Balance Sheets.
Operating LeasesFinance Leases
Year Ending December 31,
2025$540.4 $9.1 
2026466.9 8.2 
2027378.7 8.4 
2028289.3 8.6 
2029200.5 8.8 
Thereafter413.3 586.6 
Total lease payments2,289.1 629.7 
Amount representing interest(264.2)(440.4)
Present value of lease liabilities$2,024.9 $189.3