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Leases (Tables)

9 Months Ended

Sep. 30, 2025

Leases

Schedule of lease cost

​

​	​	​	​	​	​	​	​	​	​	​	​
​	Three Months Ended					​	Nine Months Ended
​	September 30,					​	September 30,
​	2025			2024			2025			2024
​	(in millions)
Operating lease cost	$	21.0	​	$	19.2	​	$	62.3	​	$	54.4
Variable fees and other(1)	​	7.9	​	​	8.2	​	​	23.1	​	​	24.1
Total lease cost	$	28.9		$	27.4		$	85.4	​	$	78.5

Schedule of supplemental cash flow and other lease information

Supplemental cash flow and balance sheet information is presented below:

​

​	​	​	​	​	​
​	Nine Months Ended
​	September 30,
​	2025			2024
​	(in millions)
Supplemental cash flow information:	​	​	​	​	​
Cash payments for operating leases	$	84.5	​	$	78.0
Right-of-use assets obtained in exchange for operating lease obligations	$	81.5	​	$	66.3
​	​	​	​	​	​
​	September 30,		​	December 31,
​	2025		​	2024
Other lease information:	​	​	​	​	​
Weighted average remaining lease term—operating leases	​	6.6 years	​	​	6.3 years
Weighted average discount rate—operating leases	​	4.9%	​	​	4.6%

Schedule of maturities of operating lease liabilities

​

​	​	​	​	​	​
​	​	​	​	(in millions)
2025 (remaining three months)	​	​	​	$	20.5
2026	​	​	​	​	74.6
2027	​	​	​	​	63.7
2028	​	​	​	​	53.2
2029	​	​	​	​	44.4
Thereafter	​	​	​	​	106.6
Total operating lease payments	​	​	​	​	363.0
Less: imputed interest	​	​	​	​	(56.2)
Total operating lease liabilities	​	​	​	$	306.8

​

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- Definition

Represents the lessee operating lease supplemental cash flow and other lease information.

+ References

No definition available.

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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

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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

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