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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Lease-Related Liabilities Recorded on the Balance Sheet | The table below presents the lease-related liabilities and finance lease right-of-use assets recorded on the Consolidated Balance Sheets:
| December 31,
($ in millions) | 2024 |  | 2023
Operating lease liabilities: |  |  |
Current portion included in accrued liabilities | $ | 97.6 |  |  | $ | 68.2 |
Non-current operating lease liabilities | 596.5 |  |  | 427.9 |
Total operating lease liabilities | 694.1 |  |  | 496.1 |
Finance lease liabilities: |  |  |
Current portion included in current maturities of long-term debt | 20.6 |  |  | 7.8 |
Long-term portion of lease liabilities in long-term debt | 93.7 |  |  | 91.6 |
Total finance lease liabilities | 114.3 |  |  | 99.4 |
Total lease liabilities | $ | 808.4 |  |  | $ | 595.5 |
Finance lease right-of-use assets: |  |  |
Total finance lease right-of-use assets (1) | $ | 114.0 |  |  | $ | 132.7 |
Weighted-average remaining lease term: |  |  |
Operating leases | 11 years |  | 10 years
Finance leases | 7 years |  | 8 years
Weighted-average discount rate: |  |  |
Operating leases | 5.56 | % |  | 4.78 | %
Finance leases | 5.64 | % |  | 5.53 | %
(1)Finance lease right-of-use assets included in property and equipment, net of accumulated depreciation.
Schedule of Lease Costs | The components of lease costs, which were included in our Consolidated Statements of Operations, were as follows:
|  | Year Ended December 31,
($ in millions) | Classification | 2024 |  | 2023 |  | 2022
Operating lease cost (1) | Selling, general and administrative | $ | 135.9 |  |  | $ | 96.9 |  |  | $ | 77.9 |
Variable lease cost (2) | Selling, general and administrative | 7.4 |  |  | 7.1 |  |  | 5.6 |
Amortization of finance lease right-of-use assets | Depreciation and amortization | 4.4 |  |  | 3.8 |  |  | 4.2 |
Interest on finance lease liabilities | Other interest expense | 5.7 |  |  | 4.1 |  |  | 3.7 |
Sublease income | Selling, general and administrative | (14.0) |  |  | (9.0) |  |  | (7.5) |
Total lease costs |  | $ | 139.4 |  |  | $ | 102.9 |  |  | $ | 83.9 |
(1)Includes short-term and month-to-month lease costs, which are immaterial. (2)Variable lease cost generally includes reimbursement for actual costs incurred by our lessors for common area maintenance, property taxes and insurance on leased real estate.
Schedule of Maturities of Operating Lease Liabilities | As of December 31, 2024, the maturities of our operating and finance lease liabilities were as follows:
($ in millions) | Operating Lease Liabilities |  | Finance Lease Liabilities
Year Ending December 31, |  |  |
2025 | $ | 116.0 |  |  | $ | 26.7 |
2026 | 102.0 |  |  | 7.5 |
2027 | 93.2 |  |  | 28.3 |
2028 | 84.3 |  |  | 5.9 |
2029 | 75.3 |  |  | 5.9 |
Thereafter | 406.9 |  |  | 79.3 |
Total minimum lease payments | 877.7 |  |  | 153.6 |
Less: present value adjustment | (183.6) |  |  | (39.3) |
Total lease liabilities | $ | 694.1 |  |  | $ | 114.3 |
Schedule of Maturities of Finance Lease Liabilities | As of December 31, 2024, the maturities of our operating and finance lease liabilities were as follows:
($ in millions) | Operating Lease Liabilities |  | Finance Lease Liabilities
Year Ending December 31, |  |  |
2025 | $ | 116.0 |  |  | $ | 26.7 |
2026 | 102.0 |  |  | 7.5 |
2027 | 93.2 |  |  | 28.3 |
2028 | 84.3 |  |  | 5.9 |
2029 | 75.3 |  |  | 5.9 |
Thereafter | 406.9 |  |  | 79.3 |
Total minimum lease payments | 877.7 |  |  | 153.6 |
Less: present value adjustment | (183.6) |  |  | (39.3) |
Total lease liabilities | $ | 694.1 |  |  | $ | 114.3 |
Schedule of Estimated Charge Backs | We estimate that the charge-backs will be paid out as follows:
Year Ending December 31, | ($ in millions)
2025 | $ | 98.0 |
2026 | 47.8 |
2027 | 20.7 |
2028 | 6.9 |
2029 | 1.5 |
Thereafter | 0.1 |
Total | $ | 175.0 |
Schedule of Deferred Revenue | As of December 31, 2024, we had a contract liability balance of $410.4 million associated with these contracts and estimate the contract liability will be recognized as follows:
Year Ending December 31, | ($ in millions)
2025 | $ | 85.0 |
2026 | 68.0 |
2027 | 54.1 |
2028 | 43.2 |
2029 | 34.8 |
Thereafter | 125.3 |
Total | $ | 410.4 |

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