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Leases | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Leases | Note 5—Leases Our total operating lease costs wer e $57.5 mill ion, $58.0 million and $66.6 million during the years ended December 31, 2025, 2024 and 2023, respectively. Cash paid for amounts included in operating lease liabilities was $56.9 m illion, $60.7 million and $69.3 million during the years ended December 31, 2025, 2024 and 2023, respectively, and is included in operating cash flows. Total right-of-use assets obtained in exchange for operating lease liabilities wa s $82.5 millio n and $26.9 million for the years ended December 31, 2025 and 2024, respectively. Our weighted-average remaining lease term and weighted-average discount rates as of December 31, 2025 we re 6.3 years and 5.6%, re spectively. Our weighted-average remaining lease term and weighted-average discount rates as of December 31, 2024 were 6.3 years and 5.3%, respectively. Lease liabilities as of December 31, 2025 are as follows (in millions):
Maturity of Lease Liabilities |  |  |
2026 |  | $ | 60.4 |
2027 |  |  | 51.7 |
2028 |  |  | 48.0 |
2029 |  |  | 42.1 |
2030 |  |  | 37.2 |
Thereafter |  |  | 72.3 |
Total lease payments |  | $ | 311.7 |
Less: interest |  |  | (51.1 | )
Present value of lease liabilities |  | $ | 260.6 |
We have certain lease agreements with our unconsolidated real estate joint ventures. We recognized operating lease expense of $1.3 m illion in each of the years ended December 31, 2025, 2024 and 2023, related to these lease agreements. We have certain sublease agreements in place with third parties to lease portions of our office space. In addition, we serve as a lessor in other lease agreements for real estate and storage facilities. Total gross sublease and other rental income recognized for the years ended December 31, 2025, 2024 and 2023 was approximately $10.1 million, $7.3 million and $6.3 million, respectively. Lease payments to be received as of December 31, 2025 are as follows (in millions):
Lease Payments to be Received |  |  |
2026 |  | $ | 9.6 |
2027 |  |  | 7.4 |
2028 |  |  | 6.6 |
2029 |  |  | 5.1 |
2030 |  |  | 4.8 |
Thereafter |  |  | 7.7 |
Total lease payments |  | $ | 41.2 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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