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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Lessee, Operating Leases | 11. LEASES For the years ended December 31, 2024, 2023 and 2022, operating lease expense was $191.3 million, $187.4 million and $185.5 million, respectively, and variable and short-term lease expense was $50.3 million, $44.5 million and $38.8 million, respectively. In addition, $169.6 million and $117.3 million of Operating lease right-of-use assets were obtained in exchange for lease obligations during the years ended December 31, 2024 and 2023, respectively. As of December 31, 2024, our total commitments related to finance leases was $27.8 million. Leases in which we sublet do not represent a significant portion of our leasing activity. Minimum future lease payments due in each of the next five years and thereafter, as of December 31, 2024, are presented in the table below.
(in millions) |  |
2025 |  | $ | 191.9 |
2026 |  | 178.0 |
2027 |  | 152.6 |
2028 |  | 128.8 |
2029 |  | 111.3 |
Thereafter |  | 282.4 |
Total future minimum lease payments |  | $ | 1,045.0 |
Less imputed interest |  | 139.0 |
Total |  | $ | 906.0 |
Other information related to operating leases is as follows.
|  | December 31, 2024
Weighted average remaining lease term |  | 6.5 years
Weighted average discount rate |  | 4.2 | %

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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