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LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Lease Expense, Remaining Lease Terms, Discount Rate and Other Information

Information regarding lease costs, other lease information, remaining lease term, and discount rate are presented below (dollars in thousands):

			Twelve Months Ended December 31,
Lease Costs			2024						2023						2022
Operating lease expense(1)			$	108,834					$	100,635					$	92,032
Short-term lease expense			4,109						5,377						7,151
Total lease expense			$	112,943					$	106,012					$	99,183

_______________________________

(1) Operating lease expense for the twelve months ended December 31, 2024, includes $13.0 million of restructuring charges related to rationalization of our facilities footprint including the early termination or abandonment of select office buildings under operating leases. Refer to Note 14, Restructuring, for further discussion related to our 2024 Restructuring Program.

			Twelve Months Ended December 31,
Other Lease Information			2024						2023						2022
Operating cash outflows from operating leases			$	97,743					$	97,880					$	91,702
Right-of-use lease assets obtained in exchange for new lease liabilities			85,233						66,473						161,886

			As of December 31,
Lease Term and Discount Rate			2024						2023
Weighted average remaining lease term (in years)			5.5						5.9
Weighted average discount rate			4.3		%				3.9		%

Schedule of Maturity of Lease Liabilities

The maturity of lease liabilities as of December 31, 2024, were as follows (in thousands):

Maturity of Lease Liabilities						Operating Leases(1)
2025						$	89,523
2026						88,899
2027						71,829
2028						54,842
2029						42,035
Thereafter						73,985
Total lease payments						421,113
Less: Interest						(47,090)
Present value of lease liabilities						$	374,023

_________________________________________

(1) Includes $10.5 million of operating lease liabilities for the Europe Surface Transportation disposal group, which is presented within liabilities held-for-sale on the condensed consolidated balance sheets. Refer to Note 15, Divestitures, for further discussion related to the sale of our Europe Surface Transportation business.

X

- 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

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X

- References

No definition available.

+ Details

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X

- 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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