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LEASES (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of supplemental balance sheet information related to leases

The following table presents the supplemental balance sheet information related to leases as of June 30, 2024 and December 31, 2023, respectively (in millions):


	June 30,			December 31,
	2024			2023
Operating lease right of use assets	$	115.3		$	136.6
Total leased assets	$	115.3		$	136.6

Current operating lease liabilities (1)	$	21.6		$	20.8
Non-current operating lease liabilities		126.3			150.8
Total leased liabilities	$	147.9		$	171.6

(1)	These amounts are reflected within accounts payable and accrued liabilities in the condensed consolidated balance sheets.

Schedule of lease cost and other information

The following table presents operating lease costs and other information as of and for the three and six months ended June 30, 2024 and 2023, respectively (in millions, except as stated):


	Three Months Ended June 30,								Six Months Ended June 30,
	2024				2023				2024				2023
Operating lease costs (1)	$	9.4			$	8.9			$	18.5			$	17.5

Lease term and discount rate information:
Weighted average remaining lease term (years)										7.7				9.9
Weighted average discount rate										3.3	%			3.2	%

Supplemental cash flow information and non-cash activity:
Cash paid for amounts included in the measurement of lease liabilities	$	7.6			$	6.6			$	14.4			$	13.0
Right of use assets obtained in exchange for lease liabilities		0.3				(0.2)				0.3				3.1
Reduction in lease liability due to remeasurement		(11.5)				—				(11.5)				—

(1)	Includes short-term lease and variable lease costs, which are immaterial.

Schedule of maturities of lease liabilities

The maturities of the lease liabilities are as follows as of June 30, 2024 (in millions):


		June 30,
		2024
Remainder of 2024		$	12.4
2025			26.3
2026			25.8
2027			21.5
2028			19.4
After 2028			64.0
Total lease payments		$	169.4
Less: Interest			(21.5)
Present value of lease liabilities		$	147.9