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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Operating Lease | The following table presents supplemental operating lease information for operating leases that have commenced.
| Year Ended December 31,
(in millions, except weighted average data) | 2024 |  | 2023 |  | 2022
Operating lease cost | $ | 43.6 |  |  | $ | 17.1 |  |  | $ | 16.3 |
Sublease income | (2.0) |  |  | (0.7) |  |  | — |
Net operating lease cost | $ | 41.6 |  |  | $ | 16.4 |  |  | $ | 16.3 |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 33.1 |  |  | $ | 17.9 |  |  | $ | 16.9 |
|  |  | December 31,
|  |  | 2024 |  | December 31, 2023
Weighted average remaining lease term |  |  | 10.8 years |  | 10.8 years
Weighted average discount rate |  |  | 4.9 | % |  | 5.1 | %
Restricted cash related to letters of credit issued in lieu of cash security deposits |  |  | $ | 7.8 |  |  | $ | 7.8 |
Schedule of Operating Lease Liability Maturity | The following table presents approximate future non-cancelable minimum lease payments under operating leases and sublease income as of December 31, 2024.
(in millions) | Operating Leases (1) |  | Sublease Income
Year ending December 31, 2025 | $ | 41.8 |  |  | $ | (3.5) |
Year ending December 31, 2026 | 58.2 |  |  | (3.5) |
Year ending December 31, 2027 | 59.1 |  |  | (3.5) |
Year ending December 31, 2028 | 60.6 |  |  | (3.5) |
Year ending December 31, 2029 | 60.7 |  |  | (3.5) |
Thereafter | 373.9 |  |  | (5.3) |
Total operating lease payments (sublease income) | 654.3 |  |  | $ | (22.8) |
Less accreted interest | 158.6 |  |  |
Total operating lease liabilities | 495.7 |  |  |
Less current operating lease liabilities included in other current liabilities | 40.6 |  |  |
Noncurrent operating lease liabilities | $ | 455.1 |  |  |

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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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