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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Additional Details Related to Leases Recorded on the Balance Sheet
The following are additional details related to operating leases recorded on our Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023:
March 31,December 31,
(in millions)20242023
Assets
Operating lease right-of-use assets, net$106.8 $80.7 
Liabilities
Current portion of operating lease liabilities$12.1 $11.2 
Operating lease liabilities, net of current portion115.4 89.9 
Total lease liabilities$127.5 $101.1 
Schedule of Other Information Related to Leases
Other information related to leases was as follows:
Three Months Ended March 31,
(in millions)20242023
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of operating lease liabilities$2.9 $2.3 
Cash received for tenant incentive reimbursement0.3 — 
Lease liabilities arising from obtaining right-of-use assets
From new and existing lease agreements and modifications$28.4 $— 
As of
March 31, 2024December 31, 2023
Weighted average remaining lease term (in years)11.710.3
Weighted average discount rate6.6 %6.2 %
Schedule of Undiscounted Future Minimum Lease Payments Under Non-Cancelable Leases
The table below reconciles the undiscounted future minimum lease payments under non-cancelable leases to the total lease liabilities recognized as of March 31, 2024 (in millions):
Year Ending December 31,Operating Leases
2024 (excluding three months ended March 31, 2024)
$(8.5)
202521.5 
202628.5 
202719.5 
202818.6 
Thereafter105.5 
Total future minimum lease payments185.1 
Less: Effects of discounting
57.6 
Total lease liabilities$127.5