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Leases (Tables)

3 Months Ended

Mar. 31, 2026

Leases

Summary of components of lease expense

The components of lease expense are as follows (in millions):

​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
​	​	2026		​ ​ ​	2025
Operating lease expense (1)	​	$	47.8	​	$	41.6

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(1) Includes short-term leases which are immaterial.

Summary of operating lease liabilities

Our operating lease liabilities are reported on the Condensed Consolidated Balance Sheets as follows (in millions):

​	​	​	​	​	​	​
​	​	March 31,		​	December 31,
​	​ ​ ​	2026		​	​	2025
Accrued liabilities	​	$	161.3	​	$	155.4
Noncurrent operating lease liabilities, net of current portion	​		313.2	​		325.6
​	​	$	474.5	​	$	481.0

​

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- Definition

The tabular disclosure of operating lease liabilities.

+ References

No definition available.

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- 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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- References

No definition available.

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