Operating Leases (Tables)

3 Months Ended

Mar. 31, 2026

The following table provides details of our operating lease expense:


	Three months ended March 31,
		2026		2025
		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

Schedule of Certain Other Details of Operating Leases Assets and Liabilities

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-term	420.8			423.6
Total operating lease liabilities	$	518.0		$	518.6

Weighted-average remaining lease term	6.5 years			6.6 years

Weighted-average discount rate	8.6		%	8.6		%


	Three months ended March 31,
	2026		2025
	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.

Schedule of Maturities of Operating Lease Liabilities

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
2027	121.5
2028	109.8
2029	95.1
2030	76.6
Thereafter	186.2
Total operating lease liabilities on an undiscounted basis	692.7
Present value discount	(174.7)
Present value of operating lease liabilities	$	518.0