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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Rollforward of Goodwill | A summary of the changes in the carrying amount of goodwill follows (in millions):
|  | December 31,
|  | 2024 |  | 2023
Balance at beginning of period |  | $ | 4,326.0 |  |  | $ | 4,137.1 |
Acquisitions, including post acquisition adjustments |  | 757.2 |  |  | 225.9 |
Disposals and deconsolidations |  | (15.2) |  |  | (37.0) |
Balance at end of period |  | $ | 5,068.0 |  |  | $ | 4,326.0 |
Schedule of Components of Indefinite-Lived Intangible Assets | A summary of the components of intangible assets follows (in millions):
|  | December 31, 2024 |  | December 31, 2023
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Management rights agreements |  | $ | 50.3 |  |  | $ | (18.7) |  |  | $ | 31.6 |  |  | $ | 42.8 |  |  | $ | (12.0) |  |  | $ | 30.8 |
Other |  | 30.1 |  |  | (22.7) |  |  | 7.4 |  |  | 30.0 |  |  | (20.6) |  |  | 9.4 |
Total finite-lived intangible assets |  | 80.4 |  |  | (41.4) |  |  | 39.0 |  |  | 72.8 |  |  | (32.6) |  |  | 40.2 |
Indefinite-lived intangible assets |  | 6.7 |  |  | — |  |  | 6.7 |  |  | 14.6 |  |  | — |  |  | 14.6 |
Total intangible assets |  | $ | 87.1 |  |  | $ | (41.4) |  |  | $ | 45.7 |  |  | $ | 87.4 |  |  | $ | (32.6) |  |  | $ | 54.8 |
Schedule of Components of Finite-Lived Intangible Assets | A summary of the components of intangible assets follows (in millions):
|  | December 31, 2024 |  | December 31, 2023
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Management rights agreements |  | $ | 50.3 |  |  | $ | (18.7) |  |  | $ | 31.6 |  |  | $ | 42.8 |  |  | $ | (12.0) |  |  | $ | 30.8 |
Other |  | 30.1 |  |  | (22.7) |  |  | 7.4 |  |  | 30.0 |  |  | (20.6) |  |  | 9.4 |
Total finite-lived intangible assets |  | 80.4 |  |  | (41.4) |  |  | 39.0 |  |  | 72.8 |  |  | (32.6) |  |  | 40.2 |
Indefinite-lived intangible assets |  | 6.7 |  |  | — |  |  | 6.7 |  |  | 14.6 |  |  | — |  |  | 14.6 |
Total intangible assets |  | $ | 87.1 |  |  | $ | (41.4) |  |  | $ | 45.7 |  |  | $ | 87.4 |  |  | $ | (32.6) |  |  | $ | 54.8 |
Schedule of Amortization Expense | Total estimated amortization expense for the next five years and thereafter related to intangible assets follows (in millions):
2025 |  | $ | 5.9 |
2026 |  | 6.3 |
2027 |  | 5.1 |
2028 |  | 4.3 |
2029 |  | 3.3 |
Thereafter |  | 14.1 |
Total |  | $ | 39.0 |

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