Leases

12 Months Ended

Sep. 30, 2025

Lessee Arrangements

Lease expense was as follows:


(in millions)
for the fiscal years ended September 30,	2025		2024		2023
Operating lease cost	$	137.3	$	188.3	$	124.1
Variable lease cost	11.2		10.3		5.8
Finance lease cost	1.0		0.8		0.6
Less: sublease income	(4.3)		(13.1)		(25.0)
Total lease expense	$	145.2	$	186.3	$	105.5

Supplemental cash flow information related to leases was as follows:


(in millions)
for the fiscal years ended September 30,	2025		2024		2023
Operating cash flows from operating leases included in the measurement of operating lease liabilities	$	45.1	$	109.6	$	125.6
ROU assets obtained in exchange for new/modified operating lease liabilities	31.2		448.9		45.4

The weighted-average remaining lease term and weighted-average discount rate for operating lease liabilities were as follows:


(in millions)
as of September 30,	2025		2024
Weighted-average remaining lease term	11.1 years		11.4 years
Weighted-average discount rate	5.2	%	5.0	%

The maturities of the liabilities were as follows:


(in millions)	Amount
for the fiscal years ending September 30,
2026	$	143.1
2027	137.0
2028	125.3
2029	117.6
2030	108.7
Thereafter	723.7
Total lease payments	1,355.4
Less: interest	(354.8)
Operating lease liabilities	$	1,000.6

Lessor Arrangements

The Company leases excess owned space in its San Mateo, California corporate headquarters and other office buildings, primarily in the U.S., to third parties, and generally include one or more options to renew. The Company subleases excess leased office spaces to various firms, primarily in the U.S., and generally include options to renew or terminate within a specified period.

The maturities of lease payments due to the Company as of September 30, 2025 were as follows:


(in millions)	Subleases		Leases
for the fiscal years ending September 30,
2026	$	6.6	$	50.5
2027	10.5		44.1
2028	10.3		31.0
2029	10.2		31.4
2030	10.3		30.0
Thereafter	15.6		35.8
Total	$	63.5	$	222.8