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Leases
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases

(14) Leases

 

The components of lease expense were as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease expense

 

$

33.8

 

 

$

35.6

 

 

$

99.1

 

 

$

106.9

 

Short-term lease expense

 

 

4.2

 

 

 

1.1

 

 

 

6.7

 

 

 

3.7

 

Other lease expense(a)

 

 

1.7

 

 

 

2.5

 

 

 

5.0

 

 

 

10.4

 

Total lease expense

 

$

39.7

 

 

$

39.2

 

 

$

110.8

 

 

$

121.0

 

(a)
Other lease expense includes variable lease expense and sublease income.

 

Other information related to leases was as follows:

 

 

Nine Months Ended September 30,

 

Supplemental Cash Flow Information

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

91.3

 

 

$

102.6

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

52.9

 

 

 

107.2

 

 

 

 

September 30,

 

 

December 31,

 

Supplemental Balance Sheet Information

 

2024

 

 

2023

 

Operating lease ROU assets

 

$

385.6

 

 

$

414.0

 

 

 

 

 

 

 

Short-term operating lease liability (a)

 

$

102.0

 

 

$

100.2

 

Long-term operating lease liability

 

 

299.0

 

 

 

323.2

 

Total operating lease liabilities

 

$

401.0

 

 

$

423.4

 

(a)
Short-term operating lease liability is included in accrued liabilities on our Consolidated Balance Sheets.

 

 

 

September 30,

 

 

 

2024

 

 

2023

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

Operating leases

 

5.4 years

 

 

5.5 years

 

Weighted Average Discount Rate

 

 

 

 

 

 

Operating leases

 

 

4.0

%

 

 

3.6

%