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Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Components of Lease Expense and Other Information

The components of lease expense were as follows:


Year Ended December 31		2024				2023				2022

Operating lease expense		$	129.7			$	137.4			$	132.4
Short-term lease expense			15.3				4.9				5.2
Other lease expense(a)			6.8				13.1				11.8
Total lease expense		$	151.8			$	155.4			$	149.4

(a)

Other lease expense includes variable lease expense and sublease income.

Other information related to leases was as follows:


Year Ended December 31		2024				2023				2022
Cash paid for amounts included in the measurement of operating lease liabilities		$	119.7			$	132.0			$	127.7
Right-of-use assets obtained in exchange for new operating lease liabilities			82.2				135.6				92.5
Weighted-average remaining lease term – operating leases		5.2 years				5.6 years				5.3 years
Weighted-average discount rate – operating leases			4.0	%			3.8	%			2.9	%

Supplemental Balance Sheet Information


		December 31,				December 31,
Supplemental Balance Sheet Information		2024				2023
Operating lease right-of-use assets		$	361.3			$	414.0

Short-term operating lease liability(a)		$	98.6			$	100.2
Long-term operating lease liability			279.0				323.2
Total operating lease liabilities		$	377.6			$	423.4

(a)

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

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2024 were as follows:


Period Ending December 31, 2024		Operating Leases
2025		$	111.5
2026			88.3
2027			66.7
2028			51.4
2029			36.9
Thereafter			65.6
Total future undiscounted lease payments			420.4
Less imputed interest			(42.8	)
Total operating lease liabilities		$	377.6