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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Lease cost | The components of lease expense are as follows:
Year ended December 31, |  | 2024 |  | 2023 |  | 2022
Operating lease cost |  | $ | 250.8 |  |  | $ | 192.1 |  |  | $ | 23.0 |
Finance lease cost |  |  |  |  |  |
Amortization of leased assets |  | 12.5 |  |  | 11.3 |  |  | 10.2 |
Interest on lease liabilities |  | 1.7 |  |  | 1.3 |  |  | 0.8 |
Short-term lease cost |  | 12.6 |  |  | 17.0 |  |  | 12.2 |
Sublease income |  | (1.0) |  |  | (0.6) |  |  | (0.1) |
|  | $ | 276.6 |  |  | $ | 221.1 |  |  | $ | 46.1 |
Property, plant, and equipment includes the following finance lease assets:
At December 31, 2024 |  | Cost |  | Accumulated depreciation |  | Net book value
Auto equipment |  | $ | 32.8 |  |  | $ | (16.6) |  |  | $ | 16.2 |
Computer equipment |  | 14.3 |  |  | (9.9) |  |  | 4.4 |
Yard and others |  | 38.5 |  |  | (10.0) |  |  | 28.5 |
|  | $ | 85.6 |  |  | $ | (36.5) |  |  | $ | 49.1 |
At December 31, 2023 |  | Cost |  | Accumulated depreciation |  | Net book value
Auto equipment |  | $ | 27.6 |  |  | $ | (13.0) |  |  | $ | 14.6 |
Computer equipment |  | 15.4 |  |  | (8.4) |  |  | 7.0 |
Yard and others |  | 10.9 |  |  | (7.4) |  |  | 3.5 |
|  | $ | 53.9 |  |  | $ | (28.8) |  |  | $ | 25.1 |
Future aggregate minimum operating lease payments | The future aggregate minimum lease payments under non-cancellable operating leases are as follows:
2025 | $ | 195.9 |
2026 | 201.1 |
2027 | 194.6 |
2028 | 183.9 |
2029 | 172.7 |
Thereafter | 1,220.8 |
Total future minimum lease payments | $ | 2,169.0 |
less: imputed interest | (624.6) |
Total operating lease liabilities | $ | 1,544.4 |
less: current operating lease liabilities | (113.3) |
Long-term operating lease liabilities | $ | 1,431.1 |
Future aggregate minimum finance lease payments | The future aggregate minimum lease payments under non-cancellable finance leases are as follows:
2025 | $ | 15.1 |
2026 | 13.8 |
2027 | 11.8 |
2028 | 8.2 |
2029 | 4.8 |
Total future minimum lease payments | $ | 53.7 |
less: imputed interest | (3.1)
Total finance lease liabilities | $ | 50.6 |
less: current finance lease liabilities | (13.9)
Long-term finance lease liabilities | $ | 36.7 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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