v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases

(14) Leases

The components of lease expense were as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease expense

 

$

32.7

 

 

$

35.0

 

 

$

66.0

 

 

$

65.8

 

Short-term lease expense

 

 

2.8

 

 

 

4.7

 

 

 

5.5

 

 

 

8.8

 

Variable lease expense

 

 

0.9

 

 

 

2.6

 

 

 

1.7

 

 

 

3.3

 

Total lease expense

 

$

36.4

 

 

$

42.3

 

 

$

73.2

 

 

$

77.9

 

 

Other information related to our operating leases is as follows:

 

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Cash paid for amounts included in the measurement of liabilities

 

$

66.0

 

 

$

65.2

 

Right-of-use assets obtained in exchange for new liabilities

 

$

24.8

 

 

$

64.9

 

Weighted-average remaining lease term

 

5.0 years

 

 

5.3 years

 

Weighted-average discount rate

 

 

4.4

%

 

 

4.0

%

 

Maturities of operating lease liabilities as of June 30, 2026 were as follows:

 

 

 

Operating Leases

 

2026

 

$

61.3

 

2027

 

 

102.6

 

2028

 

 

79.9

 

2029

 

 

57.7

 

2030

 

 

44.1

 

2031

 

 

32.6

 

Thereafter

 

 

39.9

 

Total future undiscounted lease payments

 

 

418.1

 

Less imputed interest

 

 

(41.6

)

Total operating lease liabilities

 

$

376.5