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Leases (Tables)
12 Months Ended
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)202420232022
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,
2024December 31,
2023
Weighted average remaining lease term
10.8 years10.8 years
Weighted average discount rate4.9 %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)
Thereafter373.9 (5.3)
Total operating lease payments (sublease income)
654.3 $(22.8)
Less accreted interest158.6 
Total operating lease liabilities495.7 
Less current operating lease liabilities included in other current liabilities40.6 
Noncurrent operating lease liabilities$455.1