XML 78 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
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)20242023
Operating lease liabilities:
Current portion included in accrued liabilities$97.6 $68.2 
Non-current operating lease liabilities596.5 427.9 
Total operating lease liabilities694.1 496.1 
Finance lease liabilities:
Current portion included in current maturities of long-term debt20.6 7.8 
Long-term portion of lease liabilities in long-term debt93.7 91.6 
Total finance lease liabilities114.3 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 $132.7 
Weighted-average remaining lease term:
Operating leases11 years10 years
Finance leases7 years8 years
Weighted-average discount rate:
Operating leases5.56 %4.78 %
Finance leases5.64 %5.53 %
(1)Finance lease right-of-use assets included in property and equipment, net of accumulated depreciation.
Schedule of Lease Costs
The components of lease costs, which were included in our Consolidated Statements of Operations, were as follows:
Year Ended December 31,
($ in millions)
Classification
202420232022
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 LiabilitiesFinance Lease Liabilities
Year Ending December 31,
2025$116.0 $26.7 
2026102.0 7.5 
202793.2 28.3 
202884.3 5.9 
202975.3 5.9 
Thereafter406.9 79.3 
Total minimum lease payments877.7 153.6 
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 LiabilitiesFinance Lease Liabilities
Year Ending December 31,
2025$116.0 $26.7 
2026102.0 7.5 
202793.2 28.3 
202884.3 5.9 
202975.3 5.9 
Thereafter406.9 79.3 
Total minimum lease payments877.7 153.6 
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 
202647.8 
202720.7 
20286.9 
20291.5 
Thereafter0.1 
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 
202668.0 
202754.1 
202843.2 
202934.8 
Thereafter125.3 
Total $410.4