v3.25.2
Operating Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease Expense
The following table provides details of our operating lease expense:
Three months ended June 30,Six months ended June 30,
2025202420252024
in millions
Operating lease expense:
Operating lease cost
$34.3 $30.3 $66.8 $60.1 
Short-term lease cost
5.6 7.1 11.4 13.7 
Total operating lease expense
$39.9 $37.4 $78.2 $73.8 
Schedule of Certain Other Details of Operating Leases Assets and Liabilities
Certain other details of our operating leases are set forth in the tables below:
June 30,
2025		December 31,
2024
in millions
Operating lease right-of-use assets$472.5 $481.2 
Operating lease liabilities:
Current$92.1 $87.5 
Non-current433.9 450.2 
Total operating lease liabilities$526.0 $537.7 
Weighted-average remaining lease term7.0 years7.3 years
Weighted-average discount rate8.3 %8.1 %
Six months ended June 30,
20252024
in millions
Operating cash outflows related to operating leases$72.0 $71.7 
Right-of-use assets obtained in exchange for new operating lease liabilities (a)$24.8 $41.0 
(a)Represents non-cash transactions associated with operating leases entered into during the six months ended June 30, 2025 and 2024, respectively.
Schedule of Maturities of Operating Lease Liabilities
Maturities of our operating lease liabilities as of June 30, 2025 are presented below. Amounts presented below represent U.S. dollar equivalents (in millions) based on June 30, 2025 exchange rates.
Years ending December 31:
2025 (remainder of year)$64.7 
2026122.0 
2027105.6 
202896.0 
202982.7 
Thereafter239.7 
Total operating lease liabilities on an undiscounted basis
710.7 
Present value discount(184.7)
Present value of operating lease liabilities
$526.0