v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The table below presents the balances of major classes of assets and accumulated depreciation.
As of
(in millions)Estimated Useful LivesJune 30,
2026		December 31,
2025
Land$110.3 $110.4 
Buildings
15 to 32 years
49.5 49.0 
Advertising structures
10 to 20 years
1,760.6 1,743.4 
Furniture, equipment and other
3 to 8 years
201.7 194.2 
Construction in progress28.2 29.6 
2,150.3 2,126.6 
Less: Accumulated depreciation1,506.0 1,482.8 
Property and equipment, net$644.3 $643.8 
Depreciation expense was $20.0 million in the three months ended June 30, 2026, $23.6 million in the three months ended June 30, 2025, $40.7 million in the six months ended June 30, 2026, and $47.2 million in the six months ended June 30, 2025.