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LEASES (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Future Minimum Rental Receipts Expected Under Operating Leases Future minimum rental receipts expected under non-cancellable operating lease agreements as of September 30, 2025 were as follows:
Fiscal Year Amount (1) (2)
Remainder of 2025$2,156.1 
20268,438.5 
20278,242.9 
20286,890.5 
20296,505.6 
Thereafter22,157.0 
Total$54,390.6 
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(1)Balances are translated at the applicable period-end exchange rate, which may impact comparability between periods.    
(2)Balances represent contractual amounts owed with no adjustments made for expected collectibility.
Schedule of Information About Other Lease-Related Balances
Information about other lease-related balances is as follows:
As of
September 30, 2025December 31, 2024
Operating leases:
Right-of-use asset$8,420.1 $8,089.6 
Current portion of lease liability$615.4 $576.7 
Lease liability7,156.9 6,875.6 
Total operating lease liability$7,772.3 $7,452.3 
Schedule of Components of Operating Lease Cost
The weighted-average remaining lease terms and incremental borrowing rates are as follows:
As of
September 30, 2025December 31, 2024
Operating leases:
Weighted-average remaining lease term (years)13.514.3
Weighted-average incremental borrowing rate6.6 %6.5 %
The following table sets forth the components of lease cost:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease cost$285.6 $154.7 $841.9 $721.3 
Variable lease costs not included in lease liability (1)95.3 213.0 262.4 391.3 
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(1)Primarily includes property tax paid on behalf of the landlord.
Supplemental cash flow information is as follows:
Nine Months Ended September 30,
20252024 (3)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(840.3)$(935.0)
Non-cash items:
New operating leases (1)$138.5 $135.6 
Operating lease modifications and reassessments (2)$324.8 $818.1 
Reduction of operating lease liability due to the ATC TIPL Transaction$— $(766.4)
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(1)Amount includes new operating leases and leases acquired in connection with acquisitions.
(2)Nine months ended September 30, 2024 reflects a $515 million increase as a result of the Company’s change in estimated useful lives on January 1, 2024, as additional renewal options may be included.
(3)Cash flows related to discontinued operations for the nine months ended September 30, 2024 have not been segregated and are included in the consolidated balances for cash flow purposes.
Schedule of Maturity of Operating Lease Liabilities
Maturities of operating lease liabilities as of September 30, 2025 were as follows:
Fiscal YearOperating Lease (1)
Remainder of 2025$269.7 
20261,022.0 
2027984.1 
2028940.3 
2029896.6 
Thereafter 7,909.3 
Total lease payments12,022.0 
Less amounts representing interest(4,249.7)
Total lease liability7,772.3 
Less current portion of lease liability615.4 
Non-current lease liability$7,156.9 
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(1)Balances are translated at the applicable period-end exchange rate, which may impact comparability between periods.