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LEASES | 3 Months Ended
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Mar. 31, 2024
LEASES |
LEASES | 9. LEASES ​ The Company’s leases are described in Note 9 to the Consolidated Financial Statements included in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. ​ Components of Lease Cost: Components of lease cost recorded in the Company’s Condensed Consolidated Statement of Income and Comprehensive Income for the three months ended March 31, 2024 and 2023 consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
(In millions) |  | 2024 | ​ | 2023
Operating lease cost | ​ | $ | 35.9 | ​ | $ | 41.8
Short-term lease cost | ​ |  | 2.0 | ​ |  | 0.2
Variable lease cost | ​ |  | 0.2 | ​ |  | 0.2
Total lease cost | ​ | $ | 38.1 | ​ | $ | 42.2
​ Maturities of operating lease liabilities at March 31, 2024 are as follows: ​
​ | ​ | ​ | ​
​ |  | As of
Year (in millions) |  | March 31, 2024
Remainder of 2024 | ​ | $ | 109.9
2025 | ​ |  | 85.4
2026 | ​ |  | 36.6
2027 | ​ |  | 19.8
2028 | ​ |  | 10.7
Thereafter | ​ |  | 52.1
Total lease payments | ​ | ​ | 314.5
Less: Interest | ​ | ​ | (33.9)
Present value of operating lease liabilities | ​ | ​ | 280.6
Less: Short-term portion | ​ | ​ | (131.7)
Long-term operating lease liabilities | ​ | $ | 148.9
​

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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