Supplemental information related to leases as of December 31 was as follows ($ in millions): | | | | | | | | | | | | | | | | | | | | | | Leases | | Balance Sheet Classification | | 2025 | | 2024 | | Assets: | | | | | | | | Operating lease assets | | ROU assets | | $ | 150.4 | | | $ | 157.1 | | | Finance lease assets | | Property and equipment, net | | 42.0 | | | 43.8 | | | Total | | | | $ | 192.4 | | | $ | 200.9 | | | Liabilities: | | | | | | | | Current | | | | | | | | Operating | | Accounts payable and other current liabilities | | 22.7 | | | $ | 24.3 | | | Non-Current | | | | | | | | Operating | | Long-term portion of operating lease liabilities | | 128.0 | | | 129.8 | | | Finance | | Other long-term liabilities | | 49.6 | | | 48.8 | | | Total lease liabilities | | | | $ | 200.3 | | | $ | 202.9 | |
The weighted-average remaining lease terms and discount rates for our operating and financing leases as of December 31 for the corresponding year were as follows: | | | | | | | | | | | | | 2025 | | 2024 | | Weighted average remaining lease term (years): | | | | | Operating leases | 13.5 | | 13.6 | | Finance leases | 37.7 | | 38.7 | | Weighted average discount rate: | | | | | Operating leases | 14.2 | % | | 14.3 | % | | Finance leases | 9.0 | % | | 9.0 | % |
The following table provides information related to the lease costs of finance and operating leases ($ in millions): | | | | | | | | | | | | | | | | | | | | | | Lease Expense | | Income Statement Classification | | 2025 | | 2024 | Operating(1) | | SG&A expenses | | $ | 32.2 | | | $ | 33.3 | | | | | | | | | | Finance: | | | | | | | | Depreciation on assets | | Depreciation and amortization expense | | 3.0 | | | 3.1 | | | Interest on lease liabilities | | Interest expense | | 4.6 | | | 4.6 | | | Total lease costs | | | | $ | 39.8 | | | $ | 41.0 | |
(1) Net of sublease income of $2.1 million in 2025 and $0.6 million in 2024. The following table provides information related to the portion of operating lease assets and liabilities which are attributable to related-party operating leases (described in Note 15) at December 31 ($ in millions): | | | | | | | | | | | | | | | | Leases | | 2025 | | 2024 | | Assets: | | | | | | ROU assets – related party | | $ | 100.6 | | | $ | 106.3 | | | All other ROU assets | | 49.8 | | | 50.8 | | | Total | | $ | 150.4 | | | $ | 157.1 | | | | | | | | Liabilities: | | | | | | Current: | | | | | Current portion of lease liabilities – related party | | $ | 14.4 | | | $ | 14.6 | | | Current portion of lease liabilities – all other leases | | 8.3 | | | 9.7 | | | Total current liabilities | | 22.7 | | | 24.3 | | | Non-Current: | | | | | Long-term portion of lease liabilities – related party | | 97.8 | | | 101.5 | | Long-term portion of lease liabilities – all other leases | | 30.2 | | | 28.3 | | | Total non-current liabilities | | 128.0 | | | 129.8 | | | Total operating lease liabilities | | $ | 150.7 | | | $ | 154.1 | |
Supplemental cash flow information related to leases was as follows: | | | | | | | | | | | | | ($ in millions) | 2025 | | 2024 | | Cash payments for operating leases | $ | 30.5 | | | $ | 30.5 | | | New assets obtained in exchange for operating lease liabilities | 8.0 | | | 5.9 | | | Cash payments for finance leases | 3.8 | | | 3.8 | |
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