LEASES (Tables)

6 Months Ended

Jun. 30, 2024

	As of June 30, 2024
Maturity of Lease Liabilities (in millions)	Operating Leases (1)
Remainder of 2024	$	25.4
2025	41.6
2026	31.7
2027	21.5
2028	12.3
Thereafter	19.8
Total lease payments	$	152.3
Less: imputed interest	(9.0		)
Present value of lease liabilities	$	143.3

(1) Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements.

Lease expense recognized in the Consolidated Statements of Income is summarized as follows:

Lease Expense (in millions)	Income Statement Classification	Three Months Ended June 30, 2024		Three Months Ended June 30, 2023		Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
Operating lease expense	Selling, general and administrative and Direct operating costs	$	12.9	$	12.5	$	25.5	$	25.0
Short-term and variable lease expense	Selling, general and administrative and Direct operating costs		43.2		42.5		80.0		77.8
Total lease expense		$	56.1	$	55.0	$	105.5	$	102.8

Other information about lease amounts recognized in the consolidated financial statements is summarized as follows:


Lease Term and Discount Rate of Operating Leases	As of June 30, 2024
Weighted- average remaining lease term (years)	4.3
Weighted- average discount rate	2.9	%

The following table presents supplemental cash flow and non-cash information related to leases.


Other Information (in millions)	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
Cash paid for amounts included in the measurement of lease liabilities (a)	$	25.5	$	25.1
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:
ROU assets obtained in exchange for new operating lease liabilities	$	39.2	$	48.0

(a) Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.