| LEASES The components of lease expense (income) of the Company’s operating leases are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | (in millions) | | 2026 | | 2025 | | 2026 | | 2025 | | Operating lease expenses | | $ | 9.4 | | | $ | 7.8 | | | $ | 17.6 | | | $ | 15.2 | | | Variable lease costs | | 1.1 | | | 0.3 | | | 2.1 | | | 0.5 | | | Short-term lease costs | | 0.3 | | | 0.1 | | | 0.5 | | | 0.2 | | | Sublease income | | (0.6) | | | (0.7) | | | (1.3) | | | (1.3) | | | Total lease costs | | $ | 10.2 | | | $ | 7.5 | | | $ | 18.9 | | | $ | 14.6 | | | | | | | | | | |
Maturities of the Company’s operating lease liabilities as of June 30, 2026 are as follows: | | | | | | | | | | Maturity of Lease Liabilities | | Operating | | (in millions) | | Leases | | Remainder of 2026 | | $ | 15.9 | | | 2027 | | 30.6 | | | 2028 | | 35.1 | | | 2029 | | 25.1 | | | 2030 | | 21.4 | | | Thereafter | | 61.5 | | | Total lease payments | | $ | 189.6 | | | | | | Less: Interest | | (25.8) | | | Present value of lease liabilities | | $ | 163.8 | | | | | | | | | Other accrued liabilities | | $ | 24.9 | | | Long-term operating lease liabilities | | $ | 138.9 | |
Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows: | | | | | | | | | | | | | | | | | As of | | | June 30, | | December 31, | | Lease Term and Discount Rate | | 2026 | | 2025 | | Weighted-average remaining lease term (years) | | 6.2 | | 5.5 | | Weighted-average discount rate | | 4.4 | % | | 4.2 | % |
Other information related to the Company’s operating leases are as follows: | | | | | | | | | | | | | | | | Other Information | | Six Months Ended
June 30, | | (in millions) | | 2026 | | 2025 | | Operating cash flows used for operating leases | | $ | 18.0 | | | $ | 16.7 | | | Right of use assets obtained for new operating lease liabilities | | $ | 44.3 | | | $ | 7.1 | |
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