v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to our operating and financing right of use (“ROU”) assets and lease liabilities is as follows (in millions):
Balance Sheet LocationJune 30, 2026December 31, 2025
Assets
Operating lease ROU assets, netOperating lease ROU assets, net$161.0 $173.5 
Financing lease ROU assets, net
Other assets, net
$22.6 $0.7 
Liabilities
Current
Operating lease liabilities, short-termOperating lease liabilities, short-term$23.1 $22.9 
Financing lease liabilities, short-termOther current liabilities$1.7 $0.3 
Non-current
Operating lease liabilities, long-termOperating lease liabilities, long-term$176.5 $189.7 
Financing lease liabilities, long-termOther long-term liabilities$21.3 $0.5 
Schedule of Components of Lease Expense and Other Information Related to Leases
The components of lease expense, excluding the impact from the lease termination incentive, included in our condensed consolidated statement of operations for the periods presented below are as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating lease costs
$8.7 $8.6 $17.7 $16.7 
Financing lease costs:
Amortization of ROU assets1.0 — 1.1 0.1 
Interest on lease liabilities0.7 — 0.7 — 
Total financing lease costs1.7 — 1.8 0.1 
Variable lease costs0.3 0.3 0.7 0.6 
Total lease costs$10.7 $8.9 $20.2 $17.4 
Other information related to leases (in millions):
Six Months Ended June 30,
Supplemental Cash Flows Information20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$18.3 $15.7 
Operating cash flows from finance leases$0.7 $— 
Financing cash flows from finance leases$0.7 $0.1 
Lease liabilities arising from new ROU assets:
Operating leases$8.6 $25.2 
Financing leases$22.9 $0.2 
June 30, 2026December 31, 2025
Weighted-average remaining lease term (years):
Operating leases8.89.4
Financing leases9.33.4
Weighted-average discount rate:
Operating leases6.8 %6.8 %
Financing leases7.2 %7.1 %
Schedule of Future Minimum Operating Lease Obligations
As of June 30, 2026, our future minimum lease obligations were as follows (in millions):
Operating LeasesFinancing LeasesTotal
Remainder of 2026$17.8 $1.7 $19.5 
202734.7 3.3 38.0 
202833.2 3.3 36.5 
202932.2 3.3 35.5 
203027.8 3.3 31.1 
Thereafter128.9 16.9 145.8 
Total future lease payments274.6 31.8 306.4 
Less: imputed interest75.0 8.8 83.8 
Total$199.6 $23.0 $222.6 
Schedule of Future Minimum Financing Lease Obligations
As of June 30, 2026, our future minimum lease obligations were as follows (in millions):
Operating LeasesFinancing LeasesTotal
Remainder of 2026$17.8 $1.7 $19.5 
202734.7 3.3 38.0 
202833.2 3.3 36.5 
202932.2 3.3 35.5 
203027.8 3.3 31.1 
Thereafter128.9 16.9 145.8 
Total future lease payments274.6 31.8 306.4 
Less: imputed interest75.0 8.8 83.8 
Total$199.6 $23.0 $222.6