v3.25.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2025
LEASES  
Components of lease cost

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(In millions)

    

2025

2024

2025

2024

Operating lease cost

$

35.8

$

36.3

$

74.0

$

72.2

Short-term lease cost

 

3.3

 

5.4

 

4.9

 

7.4

Variable lease cost

 

0.1

 

0.2

 

0.2

 

0.4

Total

39.2

41.9

79.1

80.0

Sublease income

(3.1)

(0.2)

(6.7)

(0.3)

Total lease cost, net

$

36.1

$

41.7

$

72.4

$

79.7

Summary of maturities of operating lease liabilities

    

As of

Year (in millions)

    

June 30, 2025

Remainder of 2025

$

59.5

2026

 

99.2

2027

 

72.3

2028

 

22.0

2029

 

10.3

Thereafter

 

79.8

Total lease payments

343.1

Less: Interest

(49.0)

Present value of operating lease liabilities

294.1

Less: Short-term portion

(109.1)

Long-term operating lease liabilities

$

185.0