v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of ROU Asset and Lease Liability
The ROU asset and lease liability balances as of June 30, 2026 and December 31, 2025 were as follows:
(in Millions)ClassificationJune 30, 2026December 31, 2025
Assets
Operating lease ROU assetsOther assets including long-term receivables, net$103.5 $104.9 
Liabilities
Operating lease current liabilitiesAccrued and other liabilities$27.8 $26.3 
Operating lease noncurrent liabilitiesOther long-term liabilities94.3 97.6 
Schedule of Components of Lease Expense, Operating Lease Term and Discount Rate and Other Information
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 Classification2026202520262025
Lease Cost
Operating lease costCosts of sales and services / Selling, general and administrative expenses$9.7 $8.5 $17.9 $17.5 
Variable lease costCosts of sales and services / Selling, general and administrative expenses1.7 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 rate5.1 %
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2026202520262025
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 
Schedule of Future Minimum Operating Lease Payments
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 
202730.9 
202826.6 
202921.7 
203017.7 
Thereafter25.6 
Total undiscounted lease payments$139.4 
Less: Present value adjustment(17.3)
Present value of lease liabilities$122.1