v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of net operating lease cost
The following table summarizes our net operating lease cost during the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
20262025
Lease Cost
Operating lease cost (1)
$71.1 $69.7 
Variable lease cost7.1 6.7 
Sublease income(2.2)(4.4)
Total lease cost$76.0 $72.0 
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(1)Includes short-term leases, which are immaterial.
Summary of supplemental cash flow information related to operating leases and weighted average remaining lease term and discount rate of leases
The following table summarizes supplemental cash flow information related to our operating leases:
Three Months Ended
March 31, 2026		Three Months Ended
March 31, 2025
Other Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$74.4 $71.2 
Right-of-use assets modified or obtained in exchange for operating lease liabilities, net$24.6 $(37.1)
Supplemental balance sheet information related to the weighted average remaining lease term and discount rate of our leases is as follows:
March 31, 2026December 31, 2025
Lease Term and Discount Rate
Weighted-average remaining lease term - operating leases23 years23 years
Weighted-average discount rate - operating leases6.6 %6.7 %
Summary of maturity of lease liabilities
The following table summarizes the maturity of our lease liabilities on an undiscounted cash flow basis and a reconciliation to the operating lease liabilities recognized on our consolidated condensed balance sheet as of March 31, 2026:
Maturity of Lease LiabilitiesMarch 31, 2026
2026 (1)
$202.5 
2027261.4 
2028258.4 
2029249.6 
2030244.2 
2031235.0 
2032 and thereafter
3,938.6 
Total future minimum lease payments$5,389.7 
Less: Imputed interest(2,841.1)
Present value of future minimum lease payments$2,548.6 
Current operating lease liabilities (2)
$118.6 
Long-term operating lease liabilities2,430.0 
Total operating lease liabilities $2,548.6 
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(1)Excludes the three months ended March 31, 2026.
(2)Included within "Accrued expenses and other current liabilities" on Consolidated Condensed Balance Sheet as of March 31, 2026.