v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Components of Lease Expense and Other Information

The components of lease expense were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Operating lease expense

 

$

33.3

 

 

$

30.8

 

Short-term lease expense

 

 

2.7

 

 

 

4.1

 

Variable lease expense

 

 

0.8

 

 

 

0.7

 

Total lease expense

 

$

36.8

 

 

$

35.6

 

Other information related to our operating leases is as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Cash paid for amounts included in the measurement of liabilities

 

$

33.6

 

 

$

32.1

 

Right-of-use assets obtained in exchange for new liabilities

 

$

6.8

 

 

$

27.4

 

Weighted-average remaining lease term

 

5.1 years

 

 

5.3 years

 

Weighted-average discount rate

 

 

4.1

%

 

 

4.0

%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of March 31, 2026 were as follows:

 

 

 

Operating Leases

 

2026

 

$

92.8

 

2027

 

 

98.9

 

2028

 

 

76.6

 

2029

 

 

55.5

 

2030

 

 

43.1

 

2031

 

 

32.3

 

Thereafter

 

 

38.3

 

Total future undiscounted lease payments

 

 

437.5

 

Less imputed interest

 

 

(45.3

)

Total operating lease liabilities

 

$

392.2