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Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Components of Single Lease Cost and Other Information

The components of lease cost were as follows:

			Year Ended December 31,
			2024						2023
Operating lease cost (1)			$	64.4					$	71.6
Finance lease cost:
Amortization of assets under finance lease			77.9						111.7
Interest			14.8						10.5
Total finance lease cost			$	92.7					$	122.2

(1) Is presented gross of sublease income and includes short-term leases, which are immaterial.

Other information related to leases was as follows:

			Year Ended December 31,
			2024						2023
Supplemental Cash Flow Information:
Cash paid for amounts included in the measurement of lease liabilities:
Payments for operating leases included in cash from operating activities			$	76.1					$	91.4
Payments for finance leases included in cash from operating activities			14.8						10.5
Payments for finance leases included in cash from financing activities			129.4						126.6
Assets obtained in exchange for lease obligations:
Operating leases			11.1						34.3
Finance leases			$	171.6					$	144.7

			As of December 31,
			2024						2023
Weighted Average Remaining Lease Term (in years)
Operating leases			8.1						8.6
Finance leases			2.8						2.7
Weighted Average Discount Rate
Operating leases			3.8		%				3.7		%
Finance leases			5.5		%				4.4		%

Schedule of Future Minimum Operating Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of December 31, 2024 were as follows:

			Operating leases(1)						Finance leases
2025			$	78.6					138.4
2026			$	41.6					111.2
2027			$	41.0					73.9
2028			$	39.9					32.2
2029			$	39.1					—
Thereafter			$	138.4					—
Total future minimum lease payments			$	378.6					$	355.7
Less imputed interest			(63.3)						(28.9)
Total liability			$	315.3					$	326.8

(1) Consists of future non-cancelable minimum rental payments under operating leases for the Company’s corporate offices and datacenters where the Company has possession, excluding rent payments for short-term lease obligations, payments from the Company’s subtenants and variable operating expenses.

Future minimum payments under the Company's non-cancelable leases, finance lease obligations, and other commitments as of December 31, 2024, are as follows, and exclude non-cancelable rent payments from the Company's subtenants:

			Finance lease commitments						Operating lease commitments(1)						Other commitments(2)
Year ended December 31:
2025			$	138.4					$	115.9					$	70.0
2026			111.2						60.1						66.9
2027			73.9						60.1						1.7
2028			32.2						59.5						0.3
2029			—						59.4						—
Thereafter			—						223.8						15.2
Future minimum payments			355.7						$	578.8					$	154.1
Less interest and taxes			(28.9)
Less current portion of the present value of minimum lease payments			(123.3)
Financing lease obligations, net of current portion			$	203.5

(1)This balance includes short-term lease obligations and $200.1 million of future contractual rent payments allocated to non-lease components.

(2)This balance excludes indemnification and founder holdbacks related to our acquisitions. See Note 5, "Business Combinations" for additional information.

Schedule of Future Minimum Finance Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of December 31, 2024 were as follows:

			Operating leases(1)						Finance leases
2025			$	78.6					138.4
2026			$	41.6					111.2
2027			$	41.0					73.9
2028			$	39.9					32.2
2029			$	39.1					—
Thereafter			$	138.4					—
Total future minimum lease payments			$	378.6					$	355.7
Less imputed interest			(63.3)						(28.9)
Total liability			$	315.3					$	326.8

(1) Consists of future non-cancelable minimum rental payments under operating leases for the Company’s corporate offices and datacenters where the Company has possession, excluding rent payments for short-term lease obligations, payments from the Company’s subtenants and variable operating expenses.

Future minimum payments under the Company's non-cancelable leases, finance lease obligations, and other commitments as of December 31, 2024, are as follows, and exclude non-cancelable rent payments from the Company's subtenants:

			Finance lease commitments						Operating lease commitments(1)						Other commitments(2)
Year ended December 31:
2025			$	138.4					$	115.9					$	70.0
2026			111.2						60.1						66.9
2027			73.9						60.1						1.7
2028			32.2						59.5						0.3
2029			—						59.4						—
Thereafter			—						223.8						15.2
Future minimum payments			355.7						$	578.8					$	154.1
Less interest and taxes			(28.9)
Less current portion of the present value of minimum lease payments			(123.3)
Financing lease obligations, net of current portion			$	203.5

(1)This balance includes short-term lease obligations and $200.1 million of future contractual rent payments allocated to non-lease components.

(2)This balance excludes indemnification and founder holdbacks related to our acquisitions. See Note 5, "Business Combinations" for additional information.

Schedule of Future Non-Cancelable Rent Payments

Future non-cancelable rent payments from the Company's subtenants as of December 31, 2024 were as follows:

			Operating leases
2025			13.1
2026			9.4
2027			8.9
2028			8.6
2029			6.0
Thereafter			13.9
Total future sublease rent payments, net			$	59.9

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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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X

- 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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- 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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X

- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

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