We have non-cancellable operating leases primarily associated with our office facilities, compressors, rail assets, land, storage and terminal assets. We have finance leases primarily associated with our substations, compressors, tractors and vehicles. Our leases have remaining lease terms of 1 to 8 years, some of which include options to extend the lease term for up to 20 years.

The balances of right-of-use assets and liabilities of finance leases and operating leases, and their locations on our Consolidated Balance Sheets are as follows:


		December 31,
	Balance Sheet Location	2024		2023
Operating leases:
Lease right-of-use assets, net	Other long-term assets	$	103.7	$	64.2
Current liabilities	Accrued liabilities		25.2		21.8
Non-current liabilities	Other long-term liabilities		90.4		56.5

Finance leases:
Lease right-of-use assets, net	Property, plant and equipment, net	$	285.1	$	281.5
Current liabilities	Current debt obligations		57.7		45.7
Non-current liabilities	Long-term debt		240.4		244.1

Operating lease costs and short-term lease costs are included in Operating expenses or General and administrative expense in our Consolidated Statements of Operations, depending on the nature of the leases. Finance lease costs are included in Depreciation and amortization expense and Interest expense, net in our Consolidated Statements of Operations. The components of lease expense were as follows:


	Year Ended December 31,
	2024		2023		2022
Lease cost
Operating lease cost	$	30.6	$	18.3	$	17.7
Short-term lease cost		45.2		56.7		35.0
Variable lease cost		46.0		26.0		17.9
Finance lease cost
Amortization of right-of-use assets		55.3		48.2		20.3
Interest expense		14.5		14.0		3.5
Total lease cost	$	191.6	$	163.2	$	94.4

Other supplemental information related to our leases are as follows:


	Year Ended December 31,
	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	32.4	$	21.4	$	18.8
Operating cash flows for finance leases		14.2		13.9		2.7
Financing cash flows for finance leases		50.1		42.9		19.7

The weighted-average remaining lease terms for operating leases and finance leases are 5 years and 5 years, respectively. The weighted-average discount rates for operating leases and finance leases are 5.1% and 5.0%, respectively.

The following table presents the maturities of our lease liabilities under non-cancellable leases as of December 31, 2024:


	Operating Leases			Finance Leases

2025	$	22.2		$	70.3
2026		24.9			68.6
2027		24.5			61.5
2028		19.9			53.4
2029		16.1			44.3
Thereafter		26.5			37.2
Total undiscounted cash flows		134.1			335.3
Less imputed interest		(18.5	)		(37.2	)
Total lease liabilities	$	115.6		$	298.1