LEASES (Tables)

3 Months Ended

Mar. 31, 2026

LEASES

Schedule of components of lease costs


				Three Months Ended
				March 31,			March 31,
(In millions)		Consolidated Statements of Operations		2026			2025
Operating lease cost
Theatre properties		Rent		$	192.1		$	190.2
Theatre properties		Operating expense			1.3			1.2
Equipment		Operating expense			12.6			9.7
Office and other		General and administrative: other			1.2			1.3
Finance lease cost
Amortization of finance lease assets		Depreciation and amortization			0.7			0.7
Interest expense on lease liabilities		Interest expense			0.8			0.8
Variable operating and finance lease cost
Theatre properties		Rent			32.0			27.9
Theatre properties		Interest expense			0.6			0.4
Equipment		Operating expense			14.6			9.4
Total lease cost				$	255.9		$	241.6

Schedule of cash flow and supplemental information


		Three Months Ended
		March 31,			March 31,
(In millions)		2026			2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in finance leases		$	(0.7)		$	(0.8)
Operating cash flows used in operating leases			(241.3)			(220.4)
Financing cash flows used in finance leases			(1.2)			(0.8)

Lease incentives:
Operating cash flows provided by operating leases			17.8			4.2
Supplemental disclosure of noncash leasing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities (1)			31.2			142.3

(1)

Includes lease extensions and option exercises.

Schedule of weighted average remaining lease term and discount rate


		Weighted Average			Weighted Average
		Remaining			Discount
Lease Term and Discount Rate		Lease Term (years)			Rate
Operating leases			7.5			11.0%
Finance leases			12.3			6.5%

Schedule of minimum annual payments required under existing leases


		Operating Lease			Finance Lease
(In millions)		Payments			Payments
Nine months ending December 31, 2026		$	706.4		$	6.7
2027			892.7			8.8
2028			804.2			8.8
2029			698.8			8.6
2030			596.0			7.7
2031			492.8			6.6
Thereafter			1,500.9			26.7
Total lease payments			5,691.8			73.9
Less imputed interest			(1,776.4)			(23.9)
Total operating and finance lease liabilities, respectively		$	3,915.4		$	50.0