NOTE 5. LEASES Components of total operating lease cost were as follows: | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | (in millions) | | Operating lease cost | | $ | 6.1 | | $ | 6.5 | | $ | 19.1 | | $ | 19.4 | | Short-term and variable lease cost | | | 2.0 | | | 1.6 | | | 5.6 | | | 4.7 | | Total operating lease cost | | $ | 8.1 | | $ | 8.1 | | $ | 24.7 | | $ | 24.1 | |
Estimated future payments on our operating lease liabilities are as follows: | | | | Year Ending December 31, | | | (in millions) | 2026 (remaining) | | $ | 6.4 | 2027 | | | 25.9 | 2028 | | | 25.2 | 2029 | | | 21.2 | 2030 | | | 19.8 | Thereafter | | | 62.1 | Total lease payments | | | 160.6 | Less: Interest | | | (34.5) | Present value of lease liabilities | | $ | 126.1 |
The following tables present additional information about our lease agreements: | | | | | | | | | | | September 30, | | | December 31, | | | | 2026 | | | 2025 | | Weighted-average remaining lease term (in years) | | | 7.4 | | | | 8.2 | | Weighted-average discount rate | | | 6.3 | % | | | 6.4 | % |
| | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in millions) | | Cash paid for operating leases | $ | 6.4 | | $ | 6.8 | | $ | 19.7 | | $ | 19.8 | | Right-of-use assets obtained in exchange for operating lease liabilities | $ | 18.1 | | $ | — | | $ | 30.1 | | $ | 19.4 | |
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