LEASES (Tables)

6 Months Ended

Jun. 30, 2026

LEASES

Schedule of components of lease costs


				Three Months Ended						Six Months Ended
				June 30,			June 30,			June 30,			June 30,
(In millions)		Consolidated Statements of Operations		2026			2025			2026			2025
Operating lease cost
Theatre properties		Rent		$	193.5		$	193.4		$	385.6		$	383.6
Theatre properties		Operating expense			1.5			2.2			2.8			3.4
Equipment		Operating expense			12.8			10.4			25.4			20.1
Office and other		General and administrative: other			1.2			1.4			2.4			2.7
Finance lease cost
Amortization of finance lease assets		Depreciation and amortization			0.9			0.7			1.6			1.4
Interest expense on lease liabilities		Interest expense			0.9			0.8			1.7			1.6
Variable operating and finance lease cost
Theatre properties		Rent			30.3			29.2			62.3			57.1
Theatre properties		Interest expense			0.9			0.6			1.5			1.0
Equipment		Operating expense			24.6			22.6			39.2			32.0
Total lease cost				$	266.6		$	261.3		$	522.5		$	502.9

Schedule of cash flow and supplemental information


		Six Months Ended
		June 30,			June 30,
(In millions)		2026			2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in finance leases		$	(1.4)		$	(1.4)
Operating cash flows used in operating leases			(479.4)			(461.8)
Financing cash flows used in finance leases			(3.0)			(1.9)

Lease incentives:
Operating cash flows provided by operating leases			24.6			8.9
Supplemental disclosure of noncash leasing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities (1)			69.6			192.4
Right-of-use assets obtained in exchange for new finance lease liabilities (1)			5.4			—

(1)

Includes lease extensions and option exercises.

Schedule of weighted average remaining lease term and discount rate


		Weighted Average			Weighted Average
		Remaining			Discount
Lease Term and Discount Rate		Lease Term (years)			Rate
Operating leases			7.3			11.1%
Finance leases			11.8			6.2%

Schedule of minimum annual payments required under existing operating and finance leases


		Operating Lease			Finance Lease
(In millions)		Payments			Payments
Six months ending December 31, 2026		$	470.7		$	5.3
2027			901.5			10.4
2028			815.5			10.4
2029			711.0			8.8
2030			608.4			7.7
2031			503.5			6.5
Thereafter			1,505.1			26.7
Total lease payments			5,515.7			75.8
Less imputed interest			(1,704.7)			(23.2)
Total operating and finance lease liabilities, respectively		$	3,811.0		$	52.6