v3.24.3
Leases
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases Leases
The following table summarizes components of lease costs recognized in the condensed consolidated statements of operations (in millions):
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Operating lease costs$38.0 $31.1 $107.7 $91.7 
Finance lease costs:
Amortization of right-of-use assets8.6 5.6 24.3 15.4 
Interest on lease obligations2.2 1.4 6.3 3.8 
Variable lease costs4.0 3.2 11.3 9.1 
Total lease costs$52.8 $41.3 $149.6 $120.0 
The following table presents supplemental cash flow information related to the Company’s leases (in millions):
 Nine Months Ended September 30,
 20242023
Cash paid for amounts included in measurement of lease obligations:
Operating cash outflows from operating leases$102.9 $88.8 
Operating cash outflows from finance leases$6.5 $3.6 
Financing cash outflows from finance leases$21.7 $14.4 
Right-of-use assets obtained in exchange for new finance lease liabilities$42.4 $36.4 
Right-of-use assets obtained in exchange for new operating lease liabilities$89.8 $45.0 
As of September 30, 2024, the Company’s operating leases had a weighted-average remaining lease term of 6.2 years and a weighted-average discount rate of 5.98%, and the Company’s finance leases had a weighted-average remaining lease term of 4.4 years and a weighted-average discount rate of 6.26%.
The following table summarizes future lease payments as of September 30, 2024 (in millions):
Year Ending December 31,
Operating Leases Finance Leases
2024 (October - December)$23.9 $10.4 
2025144.1 41.4 
2026132.7 40.4 
2027115.6 35.3 
202898.0 24.4 
Thereafter246.0 16.1 
Total future lease payments760.3 168.0 
Imputed interest(134.1)(21.4)
Total lease liabilities$626.2 $146.6 
Leases Leases
The following table summarizes components of lease costs recognized in the condensed consolidated statements of operations (in millions):
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Operating lease costs$38.0 $31.1 $107.7 $91.7 
Finance lease costs:
Amortization of right-of-use assets8.6 5.6 24.3 15.4 
Interest on lease obligations2.2 1.4 6.3 3.8 
Variable lease costs4.0 3.2 11.3 9.1 
Total lease costs$52.8 $41.3 $149.6 $120.0 
The following table presents supplemental cash flow information related to the Company’s leases (in millions):
 Nine Months Ended September 30,
 20242023
Cash paid for amounts included in measurement of lease obligations:
Operating cash outflows from operating leases$102.9 $88.8 
Operating cash outflows from finance leases$6.5 $3.6 
Financing cash outflows from finance leases$21.7 $14.4 
Right-of-use assets obtained in exchange for new finance lease liabilities$42.4 $36.4 
Right-of-use assets obtained in exchange for new operating lease liabilities$89.8 $45.0 
As of September 30, 2024, the Company’s operating leases had a weighted-average remaining lease term of 6.2 years and a weighted-average discount rate of 5.98%, and the Company’s finance leases had a weighted-average remaining lease term of 4.4 years and a weighted-average discount rate of 6.26%.
The following table summarizes future lease payments as of September 30, 2024 (in millions):
Year Ending December 31,
Operating Leases Finance Leases
2024 (October - December)$23.9 $10.4 
2025144.1 41.4 
2026132.7 40.4 
2027115.6 35.3 
202898.0 24.4 
Thereafter246.0 16.1 
Total future lease payments760.3 168.0 
Imputed interest(134.1)(21.4)
Total lease liabilities$626.2 $146.6