v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Operating Lease
The following table presents supplemental operating lease information for operating leases that have commenced.
Year Ended December 31,
(dollars in millions)
202520242023
Operating lease cost$64.6 $43.6 $17.1 
Sublease income(3.5)(2.0)(0.7)
Net operating lease cost$61.1 $41.6 $16.4 
Cash paid for amounts included in the measurement of operating lease liabilities$37.8 $33.1 $17.9 
December 31,
2025December 31,
2024
Weighted average remaining lease term
9.9 years10.8 years
Weighted average discount rate4.9 %4.9 %
Restricted cash related to leases$7.8 $7.8 
Schedule of Operating Lease Liability Maturity
The following table presents approximate future non-cancelable minimum lease payments under operating leases and sublease income as of December 31, 2025.
(in millions)
Operating
Leases
Sublease
Income
Year ending December 31, 2026
$56.7 $(3.9)
Year ending December 31, 2027
59.1 (4.0)
Year ending December 31, 2028
59.7 (4.0)
Year ending December 31, 2029
59.8 (3.6)
Year ending December 31, 2030
60.7 (3.5)
Thereafter306.9 (2.0)
Total operating lease payments (sublease income)
602.9 $(21.0)
Less imputed interest
131.6 
Total operating lease liabilities471.3 
Less current operating lease liabilities included in other current liabilities56.0 
Noncurrent operating lease liabilities$415.3