v3.26.3
Operating Leases
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Operating Leases Operating Leases
The following table provides details of our operating lease expense:
Three months ended September 30,Nine months ended September 30,
2026202520262025
in millions
Operating lease expense:
Operating lease cost
$36.5 $31.6 $109.3 $98.4 
Short-term lease cost
3.8 5.0 13.2 16.4 
Total operating lease expense
$40.3 $36.6 $122.5 $114.8 
Our operating lease expense is included in facility, provision, franchise and other expense within other operating costs and expenses in our condensed consolidated statements of operations.
Certain other details of our operating leases are set forth in the tables below:
September 30,
2026
December 31,
2025
in millions
Operating lease right-of-use assets$555.2 $470.4 
Operating lease liabilities:
Current$90.8 $95.0 
Long-term504.0 423.6 
Total operating lease liabilities$594.8 $518.6 
Weighted-average remaining lease term8.0 years6.6 years
Weighted-average discount rate9.9 %8.6 %
Nine months ended September 30,
20262025
in millions
Operating cash outflows related to operating leases$113.0 $108.7 
Right-of-use assets obtained in exchange for new operating lease liabilities (a)$148.3 $53.6 
(a)Represents non-cash transactions associated with operating leases entered into during the period.
Our operating lease right-of-use assets are included in other assets, net, and our long-term operating lease liabilities are included in other long-term liabilities, respectively, in our condensed consolidated balance sheets.
Maturities of Operating Leases
Maturities of our operating lease liabilities as of September 30, 2026 are presented below. Amounts presented below represent U.S. dollar equivalents (in millions) based on September 30, 2026 exchange rates.
Years ending December 31:
2026 (remainder of year)$36.3 
2027136.1 
2028125.9 
2029112.5 
203095.5 
Thereafter372.3 
Total operating lease liabilities on an undiscounted basis878.6 
Present value discount(283.8)
Present value of operating lease liabilities
$594.8