v3.26.1
Operating Leases
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Operating Leases Operating Leases
The following table provides details of our operating lease expense:
Three months ended March 31,
20262025
in millions
Operating lease expense:
Operating lease cost
$35.6 $32.5 
Short-term lease cost
4.8 5.8 
Total operating lease expense
$40.4 $38.3 
Our operating lease expense is included in facility, provision, franchise and other expense, in other operating costs and expenses, in our condensed consolidated statements of operations.
Certain other details of our operating leases are set forth in the tables below:
March 31,
2026		December 31,
2025
in millions
Operating lease right-of-use assets$477.0 $470.4 
Operating lease liabilities:
Current$97.2 $95.0 
Long-term420.8 423.6 
Total operating lease liabilities$518.0 $518.6 
Weighted-average remaining lease term6.5 years6.6 years
Weighted-average discount rate8.6 %8.6 %
Three months ended March 31,
20262025
in millions
Operating cash outflows related to operating leases$38.1 $35.6 
Right-of-use assets obtained in exchange for new operating lease liabilities (a)$14.7 $8.0 
(a)Represents non-cash transactions associated with operating leases entered into during the period.
Maturities of Operating Leases
Maturities of our operating lease liabilities as of March 31, 2026 are presented below. Amounts presented below represent U.S. dollar equivalents (in millions) based on March 31, 2026 exchange rates.
Years ending December 31:
2026 (remainder of year)$103.5 
2027121.5 
2028109.8 
202995.1 
203076.6 
Thereafter186.2 
Total operating lease liabilities on an undiscounted basis
692.7 
Present value discount(174.7)
Present value of operating lease liabilities
$518.0