Leases (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Components of Right-of-use Assets and Liabilities Related to Leases

The following table presents the components of the Company's right-of-use assets and liabilities related to leases and their classification in the consolidated balance sheets (in millions):


	Classification in Consolidated Balance Sheets	December 31, 2024		December 31, 2023

Assets:
Operating lease assets	Right-of-use operating lease assets	$	295.7	$	255.3
Finance lease assets	Property and equipment, net of accumulated depreciation	655.6		587.0
Total leased assets		$	951.3	$	842.3

Liabilities:
Operating lease liabilities:
Current	Other current liabilities	$	41.0	$	37.6
Long-term	Right-of-use operating lease liabilities	292.1		248.9
Total operating lease liabilities		333.1		286.5
Finance lease liabilities:
Current	Current maturities of long-term debt	33.1		25.4
Long-term	Long-term debt, less current maturities	765.6		668.2
Total finance lease liabilities		798.7		693.6
Total lease liabilities		$	1,131.8	$	980.1

The following table presents the weighted-average lease terms and discount rates at December 31, 2024 and 2023 (in millions):


	December 31, 2024				December 31, 2023
	Operating Leases		Finance Leases		Operating Leases		Finance Leases

Weighted-average remaining lease term	9.8 years		19.2 years		9.2 years		20.5 years
Weight average discount rate	7.9	%	8.1	%	8.2	%	8.2	%

Schedule of Lease Expense and Cash Flow Information

The following table presents the components of the Company's lease expense and their classification in the consolidated statements of operations (in millions):


	Year Ended December 31,
	2024		2023

Operating lease costs	$	65.8	$	65.7
Finance lease costs:
Amortization of leased assets	62.1		39.9
Interest on lease liabilities	61.8		48.6
Total finance lease costs	123.9		88.5
Variable and short-term lease costs	24.5		20.1
Total lease costs	$	214.2	$	174.3

The following table presents supplemental cash flow information (in millions):


	Year Ended December 31,
	2024		2023

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	62.8	$	63.7
Operating cash outflows from finance leases	$	59.1	$	45.8
Financing cash outflows from finance leases	$	33.0	$	26.7

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	132.3	$	60.1
Finance leases	$	89.2	$	167.5

Schedule of Finance Lease, Liability, to be Paid, Maturity

Future maturities of lease liabilities at December 31, 2024 are presented in the following table (in millions):


	Operating Leases		Finance Leases

2025	$	65.2	$	92.0
2026	62.3		90.0
2027	53.9		86.2
2028	43.9		81.5
2029	38.4		78.7
Thereafter	221.6		1,299.0
Total lease payments	485.3		1,727.4
Less: imputed interest	(152.2)		(928.7)
Total lease obligations	$	333.1	$	798.7

Schedule of Lessee, Operating Lease, Liability, to be Paid, Maturity

Future maturities of lease liabilities at December 31, 2024 are presented in the following table (in millions):


	Operating Leases		Finance Leases

2025	$	65.2	$	92.0
2026	62.3		90.0
2027	53.9		86.2
2028	43.9		81.5
2029	38.4		78.7
Thereafter	221.6		1,299.0
Total lease payments	485.3		1,727.4
Less: imputed interest	(152.2)		(928.7)
Total lease obligations	$	333.1	$	798.7