| Leases For additional detail on the Company's leases and related policies, see Note 16 to our consolidated financial statements included within our 2025 Form 10-K. The ROU asset and lease liability balances as of June 30, 2026 and December 31, 2025 were as follows: | | | | | | | | | | | | | | | | (in Millions) | Classification | June 30, 2026 | | December 31, 2025 | | Assets | | | | | | | | | | | Operating lease ROU assets | Other assets including long-term receivables, net | $ | 103.5 | | | $ | 104.9 | | | | | | | | Liabilities | | | | | | | | | | | Operating lease current liabilities | Accrued and other liabilities | $ | 27.8 | | | $ | 26.3 | | | | | | | | | | | | | | | | | | Operating lease noncurrent liabilities | Other long-term liabilities | 94.3 | | | 97.6 | | | | | | | | | | | |
The components of lease expense for the six months ended June 30, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (in Millions) | Lease Cost Classification | 2026 | | 2025 | | 2026 | | 2025 | | Lease Cost | | | | | | | | | | Operating lease cost | Costs of sales and services / Selling, general and administrative expenses | $ | 9.7 | | | $ | 8.5 | | | $ | 17.9 | | | $ | 17.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Variable lease cost | Costs of sales and services / Selling, general and administrative expenses | 1.7 | | | 2.9 | | | 3.5 | | | 6.3 | | | | | | | | | | | | Total lease cost | | $ | 11.4 | | | $ | 11.4 | | | $ | 21.4 | | | $ | 23.8 | |
| | | | | | | June 30, 2026 | | Operating Lease Term and Discount Rate | | | Weighted-average remaining lease term (years) | 5.3 | | | | | | Weighted-average discount rate | 5.1 | % | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (in Millions) | 2026 | | 2025 | | 2026 | | 2025 | | Other Information | | | | | | | | | | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | | Operating cash flows from operating leases | $ | (10.2) | | | $ | (9.6) | | | $ | (19.0) | | | $ | (19.7) | | | | | | | | | | | | | | | | | | | Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets: | | | | | | | | | Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 8.2 | | | $ | 6.0 | | | $ | 16.5 | | | $ | 18.2 | | | | | | | | | |
The following table represents our future minimum operating lease payments as of, and subsequent to, June 30, 2026 under ASC 842: | | | | | | | | | | | (in Millions) | | | | | Operating Leases Total | | Maturity of Lease Liabilities | | | | | | | 2026 (excluding the six months ending June 30, 2026) | | | | | $ | 16.9 | | | 2027 | | | | | 30.9 | | | 2028 | | | | | 26.6 | | | 2029 | | | | | 21.7 | | | 2030 | | | | | 17.7 | | | Thereafter | | | | | 25.6 | | | Total undiscounted lease payments | | | | | $ | 139.4 | | | Less: Present value adjustment | | | | | (17.3) | | | Present value of lease liabilities | | | | | $ | 122.1 | |
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