v3.26.1
LEASES (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Components of Lease Expense (Income), Weighted-Average Remaining Lease Term and Discount Rate, and Other Information Related to the Company's Operating 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)2026202520262025
Operating lease expenses$9.4 $7.8 $17.6 $15.2 
Variable lease costs1.1 0.3 2.1 0.5 
Short-term lease costs0.3 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 
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 Rate20262025
Weighted-average remaining lease term (years)6.25.5
Weighted-average discount rate4.4 %4.2 %
Other information related to the Company’s operating leases are as follows:
Other InformationSix Months Ended
June 30,
(in millions)20262025
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 
Summary of Maturities of Operating Lease Liability
Maturities of the Company’s operating lease liabilities as of June 30, 2026 are as follows:
Maturity of Lease LiabilitiesOperating
(in millions)Leases
Remainder of 2026$15.9 
202730.6 
202835.1 
202925.1 
203021.4 
Thereafter61.5 
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