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LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Components of operating and finance leases

Additional information regarding the Company’s operating and finance leases is as follows (in millions, except for lease term and discount rate information):

												December 31,
Leases						Balance Sheet Classification						2024						2023
Assets:
Operating						Operating lease assets						$	315.3					$	216.5
Finance						Property and equipment, net						310.7						271.3
Total												$	626.0					$	487.7
Liabilities:
Current:
Operating						Current operating lease liabilities						$	25.8					$	20.9
Finance						Current maturities of long-term debt						41.1						6.5
Noncurrent:
Operating						Operating lease liabilities, net of current portion						276.2						209.4
Finance						Long-term debt, net of current maturities						270.3						266.1
Total												$	613.4					$	503.0

Components of lease expense

												Years Ended December 31,
Lease Expense						Income Statement Classification						2024						2023						2022
Operating						Selling, general and administrative expenses						$	42.1					$	38.1					$	42.4
Operating						Asset impairments						—						1.8						—
Variable						Selling, general and administrative expenses						7.3						6.6						4.5
Sublease income						Selling, general and administrative expenses						(2.1)						(1.3)						(2.3)
Finance:
Amortization of lease assets						Depreciation and amortization expense						10.1						9.9						9.1
Interest on lease liabilities						Other interest expense, net						17.2						12.6						8.2
Net lease expense												$	74.6					$	67.6					$	61.9

Maturities of operating lease liabilities

						December 31, 2024
Maturities of Lease Liabilities						Operating Leases						Finance Leases
2025						$	39.0					$	46.9
2026						44.6						51.2
2027						42.7						55.3
2028						39.6						70.8
2029						32.7						83.8
Thereafter						272.0						74.4
Total lease payments						470.7						382.5
Less: lease payments representing interest						(168.7)						(71.1)
Present value of lease liabilities						$	302.0					$	311.4

Maturities of finance lease liabilities

						December 31, 2024
Maturities of Lease Liabilities						Operating Leases						Finance Leases
2025						$	39.0					$	46.9
2026						44.6						51.2
2027						42.7						55.3
2028						39.6						70.8
2029						32.7						83.8
Thereafter						272.0						74.4
Total lease payments						470.7						382.5
Less: lease payments representing interest						(168.7)						(71.1)
Present value of lease liabilities						$	302.0					$	311.4

Supplemental cash flow information related to leases

						Years Ended December 31,
Weighted-Average Lease Term and Discount Rate						2024						2023						2022
Weighted-average remaining lease terms:
Operating						13.7						13.5						13.6
Finance						6.2						7.2						17.2
Weighted-average discount rates:
Operating						5.7		%				5.2		%				5.1		%
Finance						5.4		%				5.3		%				5.1		%

						Years Ended December 31,
Other Information						2024						2023						2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases						$	39.8					$	36.6					$	42.2
Operating cash flows used in finance leases						$	7.3					$	12.6					$	8.2
Financing cash flows used in finance leases						$	17.5					$	26.4					$	9.1
ROU assets obtained in exchange for lease obligations:
Operating leases, initial recognition						$	112.9					$	1.5					$	12.9
Operating leases, modifications and remeasurements						$	23.3					$	(0.2)					$	25.0
Finance leases, initial recognition						$	77.8					$	70.6					$	39.3
Finance leases, modifications and remeasurements						$	7.2					$	(3.6)					$	23.1

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- 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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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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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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