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Contingencies, Guarantees, Indemnifications and Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Contingencies, Guarantees, Indemnifications and Leases |
Lease Assets and Liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
​ | ​ | 2023 | ​ | 2022 | ​
​ |  | (in millions) |
Assets |  | ​ |  | ​ | ​ | ​ | ​
Operating lease assets (1) | ​ | $ | 176.7 | ​ | $ | 194.7 | ​
Finance lease assets (1) | ​ |  | 73.9 | ​ |  | 82.4 | ​
Total lease assets | ​ | $ | 250.6 | ​ | $ | 277.1 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ |  |  | ​ |  |  | ​
Operating lease liabilities (2) | ​ | $ | 175.6 | ​ | $ | 196.5 | ​
Finance lease liabilities (2) | ​ |  | 74.8 | ​ |  | 83.0 | ​
Total lease liabilities | ​ | $ | 250.4 | ​ | $ | 279.5 | ​
(1) | Operating and finance lease assets are primarily reported within property and equipment on the consolidated statements of financial position.
(2) | Operating and finance lease liabilities are reported within other liabilities on the consolidated statements of financial position.
Lease Cost | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ | ​ | 2023 | ​ | 2022 | ​ | 2021
​ | ​ | (in millions)
Finance lease cost (1): | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​
Amortization of right-of-use assets | ​ | $ | 32.9 | ​ | $ | 34.0 | ​ | $ | 30.5
Interest on lease liabilities | ​ | ​ | 1.9 | ​ | ​ | 1.2 | ​ | ​ | 1.0
Operating lease cost (1) | ​ | ​ | 56.1 | ​ | ​ | 61.6 | ​ | ​ | 66.6
Other lease cost (1) (2) | ​ | ​ | 9.5 | ​ | ​ | 12.4 | ​ | ​ | 10.8
Sublease income (3) | ​ | ​ | (0.3) | ​ | ​ | (1.5) | ​ | ​ | (1.7)
Total lease cost | ​ | $ | 100.1 | ​ | $ | 107.7 | ​ | $ | 107.2
(1) | Finance, operating and other lease costs are primarily included in operating expenses on the consolidated statements of operations.
(2) | Other lease cost primarily reflects variable and short-term lease costs.
(3) | Sublease income is included in fees and other revenues on the consolidated statements of operations.
Future Payments Due by Period for Lease Obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Operating leases |  | Finance leases |  | Total |
​ | ​ | (in millions) | ​
For the twelve months ending December 31: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 | ​ | $ | 46.9 | ​ | $ | 31.1 | ​ | $ | 78.0 | ​
2025 | ​ | ​ | 41.1 | ​ | ​ | 23.4 | ​ | ​ | 64.5 | ​
2026 | ​ | ​ | 36.2 | ​ | ​ | 17.1 | ​ | ​ | 53.3 | ​
2027 | ​ | ​ | 30.4 | ​ | ​ | 7.5 | ​ | ​ | 37.9 | ​
2028 | ​ | ​ | 15.9 | ​ | ​ | 0.1 | ​ | ​ | 16.0 | ​
2029 and thereafter | ​ | ​ | 26.3 | ​ | ​ | — | ​ | ​ | 26.3 | ​
Total lease payments | ​ | ​ | 196.8 | ​ | ​ | 79.2 | ​ | ​ | 276.0 | ​
Less: interest | ​ | ​ | 21.2 | ​ | ​ | 4.4 | ​ | ​ | 25.6 | ​
Present value of lease liabilities | ​ | $ | 175.6 | ​ | $ | 74.8 | ​ | $ | 250.4 | ​
Weighted-Average Remaining Lease Term and Weighted-Average Discount Rates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31, |
​ | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​
Weighted-average remaining lease term (in years): | ​ | ​ |  |  | ​ | ​ | ​
Operating leases | ​ | 6.0 |  | 6.4 |  | 6.5 | ​
Finance leases | ​ | 3.0 |  | 2.8 |  | 3.2 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average discount rate: | ​ | ​ |  | ​ |  |  | ​
Operating leases | ​ | 3.6 | % | 3.6 | % | 3.4 | %
Finance leases | ​ | 3.5 | % | 1.7 | % | 1.0 | %
​

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