The components of lease expense for the periods indicated are as follows: | | | | | | | | | | | | | | | | | | | Three months ended March 31 | | | | 2026 | | 2025 | | | | | | Finance lease expense: | | | | | | | | Amortization of ROU assets (i) | $ | 2.1 | | | $ | 2.1 | | | | | | Interest on lease obligations (ii) | 0.7 | | | 0.8 | | | | | | Operating lease expense (i) | 12.3 | | | 10.3 | | | | | | Short-term lease expense and variable lease expense (i) | 0.8 | | | 0.4 | | | | | | | | | | | | | | | Total | $ | 15.9 | | | $ | 13.6 | | | | | |
(i) Recorded within either cost of sales or SG&A on the consolidated statements of operations based on the nature of the leased assets. (ii) Recorded within finance costs on the consolidated statements of operations. Other information related to leases: | | | | | | | | | | | | | | | | March 31
2026 | | December 31
2025 | | | ROU assets: | | | | | | | | Operating lease ROU assets | $ | 149.8 | | | $ | 124.1 | | | | | | Finance lease ROU assets (included in property, plant & equipment, net) | 50.1 | | | 49.0 | | | | | | Total ROU assets | $ | 199.9 | | | $ | 173.1 | | | | | | | | | | | | | Current portion of lease obligations: | | | | | | | Operating lease liability (included in accrued and other current liabilities and provisions) | $ | 33.0 | | | $ | 31.6 | | | | | | Finance lease liability (included in current portion of borrowings under credit facility and finance lease obligations) | 9.4 | | | 9.5 | | | | | | Long-term portion of lease obligations: | | | | | | | Operating lease liability (included in other non-current liabilities and provisions) | 134.8 | | | 107.6 | | | | | | Finance lease liability (included in long-term portion of borrowings under credit facility and finance lease obligations) | 48.6 | | | 48.5 | | | | | | Total lease obligations | $ | 225.8 | | | $ | 197.2 | | | | |
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