v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Components of Lease Costs
The components of lease costs were as follows:
Quarter Ended
June 30,
Six Months Ended
June 30,
(in millions)2026202520262025
Operating lease expense:
Operating lease cost$13.6 $4.1 $25.5 $13.8 
Short-term lease cost0.1 0.1 0.2 0.2 
Total operating lease expense included in other expense$13.7 $4.2 $25.7 $14.0 
Finance lease expense:
Interest expense$0.5 $0.5 $0.9 $1.0 
Depreciation expense2.1 2.1 4.3 4.3 
Total finance lease expense$2.6 $2.6 $5.2 $5.3 
Sublease revenue included in other revenue$3.9 $3.3 $7.8 $6.2 
Schedule of Supplemental Cash Flow
Supplemental cash flow information related to leases was as follows:
Quarter Ended
June 30,
Six Months Ended
June 30,
(in millions)2026202520262025
Cash outflows for operating leases$15.8 $15.2 $29.9 $30.3 
Cash outflows for finance lease4.4 4.3 8.8 8.7 
Schedule of Supplemental Balance Sheet
Supplemental balance sheet information related to leases was as follows:
Operating leases
(in millions)June 30, 2026December 31, 2025
Operating lease right-of-use assets$334.8 $210.3 
Operating lease liabilities:
Other current liabilities$54.8 $46.8 
Other liabilities343.2 237.4 
Total operating lease liabilities$398.0 $284.2 
Weighted average remaining lease term (in months)10499
Weighted average discount rate4.4 %4.1 %
Finance lease
(in millions)June 30, 2026December 31, 2025
Finance lease right-of-use assets$41.2 $45.5 
Finance lease liabilities:
Other current liabilities$9.1 $9.0 
Other liabilities37.2 41.7 
Total finance lease liabilities$46.3 $50.7 
Weighted average remaining lease term (in months)5763
Weighted average discount rate3.5 %3.5 %
Schedule of Future Minimum Operating Lease Payments
Future minimum lease payments were as follows as of June 30, 2026 for operating and finance leases:
(in millions)Operating Leases
Remainder of 2026$36.8 
202766.2 
202860.8 
202950.5 
203049.8 
203148.2 
Thereafter163.6 
Total lease payments475.9 
Less: imputed interest(77.9)
Present value of lease liability$398.0 
Schedule of Future Minimum Finance Lease Payments
(in millions)Finance Leases
Remainder of 2026$8.8 
202717.8 
202817.9 
202918.1 
203018.3 
20314.6 
Thereafter— 
Total lease payments85.5 
Less: imputed interest(39.2)
Present value of lease liability$46.3