Leases (Tables)

3 Months Ended

Mar. 31, 2026

The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates for our operating leases:


	As of March 31, 2026
Weighted-average remaining lease term (in years)	5.8

Weighted-average discount rate	4.7	%

Lessee, Operating Lease, Liability, Maturity

The following table shows our minimum future lease commitments due in the remainder of 2026, each of the next four subsequent years, and thereafter, for operating leases:


(in millions)	As of March 31, 2026
Remainder of 2026 (April1 through December 31)	$	37.3
2027	44.6
2028	37.6
2029	26.5
2030	20.0
Thereafter	59.2
Total minimum lease commitments	225.2
Adjustment for discount to present value	31.5
Present value of lease liabilities	$	193.7

Lease, Cost

The following table presents the components of lease cost:


	Three months ended March 31,
(in millions)	2026		2025
Operating lease cost	$	12.1	$	11.0
Variable lease cost	$	3.9	$	2.8

The following table presents other information related to operating leases:


	Three months ended March 31,
(in millions)	2026		2025
Cash paid for amounts included in the measurement for operating lease liabilities	$	12.3	$	9.4
Right of use assets obtained in exchange for operating lease liability	$	18.6	$	—