XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.24.3

Leases | 9 Months Ended
--- | ---
Sep. 30, 2024
Leases [Abstract] |
Leases | Leases Sales-Type Leases We enter into non-cancellable license agreements primarily related to Toptracer and Swing Suite. Certain of these license agreements are classified as sales-type leases. Revenue from sales-type leases is included in service revenues within the condensed consolidated statements of operations and consists of the following for the periods presented (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Sales-type lease selling price | $ | 12.8 |  |  | $ | 7.4 |  |  | $ | 31.2 |  |  | $ | 23.8 |
Cost of underlying assets | (5.7) |  |  | (3.0) |  |  | (11.8) |  |  | (10.9) |
Operating profit | $ | 7.1 |  |  | $ | 4.4 |  |  | $ | 19.4 |  |  | $ | 12.9 |
Interest income | $ | 1.7 |  |  | $ | 2.1 |  |  | $ | 5.2 |  |  | $ | 4.8 |
Total revenue attributable to sales-type leases | $ | 14.5 |  |  | $ | 9.5 |  |  | $ | 36.4 |  |  | $ | 28.6 |
Leasing receivables related to our net investment in sales-type leases are as follows (in millions):
| Balance Sheet Location |  | September 30, 2024 |  | December 31, 2023
Leasing receivables, net—short-term | Other current assets |  | $ | 35.9 |  |  | $ | 26.9 |
Leasing receivables, net—long-term | Other assets |  | 71.2 |  |  | 65.1 |
Total leasing receivables |  |  | $ | 107.1 |  |  | $ | 92.0 |
Net maturities of sales-type lease receivables for the next five years and thereafter as of September 30, 2024 are as follows (in millions):
Remainder of 2024 | $ | 14.8 |
2025 | 35.0 |
2026 | 29.6 |
2027 | 20.9 |
2028 | 13.5 |
Thereafter | 8.2 |
Total future lease proceeds | 122.0 |
Less: imputed interest | 14.9 |
Total | $ | 107.1 |
Operating Leases, Financing Leases and DLF Obligations Supplemental balance sheet information related to our operating and financing right-of-use (“ROU”) assets and lease liabilities and deemed landlord financing (“DLF”) assets and obligations is as follows (in millions):
| Balance Sheet Location |  | September 30, 2024 |  | December 31, 2023
Assets |  |  |  |  |
Operating lease ROU assets, net | Operating lease ROU assets, net |  | $ | 1,367.4 |  |  | $ | 1,410.1 |
Financing lease ROU assets, net | Other assets, net |  | $ | 251.9 |  |  | $ | 257.4 |
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating lease liabilities, short-term | Operating lease liabilities, short-term |  | $ | 88.9 |  |  | $ | 86.4 |
Financing lease liabilities, short-term | Accounts payable and accrued expenses |  | $ | 1.5 |  |  | $ | 1.4 |
DLF obligations, short-term | Accounts payable and accrued expenses |  | $ | 1.0 |  |  | $ | 0.1 |
Non-current |  |  |  |  |
Operating lease liabilities, long-term | Operating lease liabilities, long-term |  | $ | 1,402.0 |  |  | $ | 1,433.4 |
Financing lease liabilities, long-term | Other long-term liabilities |  | $ | 289.9 |  |  | $ | 287.9 |
DLF obligations, long-term | Deemed landlord financing obligations |  | $ | 1,147.3 |  |  | $ | 980.0 |
Leases Under Construction Our minimum capital commitment for leases under construction, net of reimbursements from third-party real estate financing partners, was approximately $106.0 million as of September 30, 2024. As we are actively involved in the construction of these properties, we recorded $40.1 million in construction costs within property, plant and equipment and $8.0 million in construction advances from the landlords in connection with these properties as of September 30, 2024. We determine the lease classification for these properties at the end of the construction period. Upon lease commencement, the initial base term of these leases is normally 20 years, with most having options to extend for additional terms of up to 20 years. As of September 30, 2024, we had $372.6 million of future lease obligations related to four venues subject to non-cancellable leases that have been signed but have not yet commenced. The components of lease expense included in our condensed consolidated statement of operations are as follows for the periods presented (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
2024 |  | 2023 |  | 2024 |  | 2023
Operating lease costs | $ | 46.8 |  |  | $ | 45.9 |  |  | $ | 137.3 |  |  | $ | 131.2 |
Total operating lease costs | 46.8 |  |  | 45.9 |  |  | 137.3 |  |  | 131.2 |
Financing lease costs: |  |  |  |  |  |  |
Amortization of ROU assets | 2.0 |  |  | 1.9 |  |  | 5.7 |  |  | 5.8 |
Interest on lease liabilities | 4.6 |  |  | 3.7 |  |  | 12.8 |  |  | 11.0 |
Total financing lease costs | 6.6 |  |  | 5.6 |  |  | 18.5 |  |  | 16.8 |
DLF obligation costs: |  |  |  |  |  |  |
Depreciation of DLF assets | 10.1 |  |  | 7.8 |  |  | 28.3 |  |  | 18.2 |
Interest on DLF obligations | 25.7 |  |  | 17.5 |  |  | 74.7 |  |  | 48.9 |
Total DLF obligation costs | 35.8 |  |  | 25.3 |  |  | 103.0 |  |  | 67.1 |
Variable lease costs | 2.2 |  |  | 3.7 |  |  | 8.6 |  |  | 8.4 |
Total lease costs | $ | 91.4 |  |  | $ | 80.5 |  |  | $ | 267.4 |  |  | $ | 223.5 |
Other information related to leases (in millions):
|  | Nine Months Ended September 30, |  |  |
Supplemental Cash Flows Information |  | 2024 |  | 2023 |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 125.8 |  |  | $ | 116.1 |  |  |  |
Operating cash flows for finance leases |  | $ | 8.9 |  |  | $ | 5.6 |  |  |  |
Operating cash flows for DLF obligations |  | $ | 54.9 |  |  | $ | 37.1 |  |  |  |
Financing cash flows for finance leases |  | $ | 3.0 |  |  | $ | 2.2 |  |  |  |
Financing cash flows for DLF obligations |  | $ | 8.0 |  |  | $ | 5.9 |  |  |  |
Lease liabilities arising from new ROU assets: |  |  |  |  |  |  |
Operating leases |  | $ | 33.9 |  |  | $ | 53.3 |  |  |  |
Financing leases |  | $ | 3.7 |  |  | $ | 17.4 |  |  |  |
DLF obligations |  | $ | 158.2 |  |  | $ | 143.4 |  |  |  |
| September 30, 2024 |  | December 31, 2023
Weighted average remaining lease term (years): |  |  |
Operating leases | 15.4 |  | 15.9
Financing leases | 36.2 |  | 36.8
DLF obligations | 36.9 |  | 38.1
Weighted average discount rate: |  |  |
Operating leases | 5.8 | % |  | 5.8 | %
Financing leases | 6.3 | % |  | 6.3 | %
DLF obligations | 9.5 | % |  | 10.0 | %
As of September 30, 2024, our future minimum lease obligations were as follows (in millions):
| Operating Leases |  | Financing Leases |  | DLF Obligations(1) |  | Total
Remainder of 2024 | $ | 32.9 |  |  | $ | 2.8 |  |  | $ | 14.1 |  |  | $ | 49.8 |
2025 | 167.9 |  |  | 16.6 |  |  | 91.9 |  |  | 276.4 |
2026 | 163.1 |  |  | 17.0 |  |  | 95.8 |  |  | 275.9 |
2027 | 159.9 |  |  | 17.0 |  |  | 97.0 |  |  | 273.9 |
2028 | 156.8 |  |  | 17.4 |  |  | 99.2 |  |  | 273.4 |
Thereafter | 1,698.6 |  |  | 757.3 |  |  | 4,400.4 |  |  | 6,856.3 |
Total future lease payments | 2,379.2 |  |  | 828.1 |  |  | 4,798.4 |  |  | 8,005.7 |
Less: imputed interest | 888.3 |  |  | 536.7 |  |  | 3,650.1 |  |  | 5,075.1 |
Total | $ | 1,490.9 |  |  | $ | 291.4 |  |  | $ | 1,148.3 |  |  | $ | 2,930.6 |
(1) Future lease payments for DLF Obligations include approximately $37.4 million of reimbursements which we expect to receive from third-party financing partners that were not yet received as of September 30, 2024. Imputed interest includes approximately $136.4 million related to these unfunded DLF Obligations as of September 30, 2024.
Leases | Leases Sales-Type Leases We enter into non-cancellable license agreements primarily related to Toptracer and Swing Suite. Certain of these license agreements are classified as sales-type leases. Revenue from sales-type leases is included in service revenues within the condensed consolidated statements of operations and consists of the following for the periods presented (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Sales-type lease selling price | $ | 12.8 |  |  | $ | 7.4 |  |  | $ | 31.2 |  |  | $ | 23.8 |
Cost of underlying assets | (5.7) |  |  | (3.0) |  |  | (11.8) |  |  | (10.9) |
Operating profit | $ | 7.1 |  |  | $ | 4.4 |  |  | $ | 19.4 |  |  | $ | 12.9 |
Interest income | $ | 1.7 |  |  | $ | 2.1 |  |  | $ | 5.2 |  |  | $ | 4.8 |
Total revenue attributable to sales-type leases | $ | 14.5 |  |  | $ | 9.5 |  |  | $ | 36.4 |  |  | $ | 28.6 |
Leasing receivables related to our net investment in sales-type leases are as follows (in millions):
| Balance Sheet Location |  | September 30, 2024 |  | December 31, 2023
Leasing receivables, net—short-term | Other current assets |  | $ | 35.9 |  |  | $ | 26.9 |
Leasing receivables, net—long-term | Other assets |  | 71.2 |  |  | 65.1 |
Total leasing receivables |  |  | $ | 107.1 |  |  | $ | 92.0 |
Net maturities of sales-type lease receivables for the next five years and thereafter as of September 30, 2024 are as follows (in millions):
Remainder of 2024 | $ | 14.8 |
2025 | 35.0 |
2026 | 29.6 |
2027 | 20.9 |
2028 | 13.5 |
Thereafter | 8.2 |
Total future lease proceeds | 122.0 |
Less: imputed interest | 14.9 |
Total | $ | 107.1 |
Operating Leases, Financing Leases and DLF Obligations Supplemental balance sheet information related to our operating and financing right-of-use (“ROU”) assets and lease liabilities and deemed landlord financing (“DLF”) assets and obligations is as follows (in millions):
| Balance Sheet Location |  | September 30, 2024 |  | December 31, 2023
Assets |  |  |  |  |
Operating lease ROU assets, net | Operating lease ROU assets, net |  | $ | 1,367.4 |  |  | $ | 1,410.1 |
Financing lease ROU assets, net | Other assets, net |  | $ | 251.9 |  |  | $ | 257.4 |
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating lease liabilities, short-term | Operating lease liabilities, short-term |  | $ | 88.9 |  |  | $ | 86.4 |
Financing lease liabilities, short-term | Accounts payable and accrued expenses |  | $ | 1.5 |  |  | $ | 1.4 |
DLF obligations, short-term | Accounts payable and accrued expenses |  | $ | 1.0 |  |  | $ | 0.1 |
Non-current |  |  |  |  |
Operating lease liabilities, long-term | Operating lease liabilities, long-term |  | $ | 1,402.0 |  |  | $ | 1,433.4 |
Financing lease liabilities, long-term | Other long-term liabilities |  | $ | 289.9 |  |  | $ | 287.9 |
DLF obligations, long-term | Deemed landlord financing obligations |  | $ | 1,147.3 |  |  | $ | 980.0 |
Leases Under Construction Our minimum capital commitment for leases under construction, net of reimbursements from third-party real estate financing partners, was approximately $106.0 million as of September 30, 2024. As we are actively involved in the construction of these properties, we recorded $40.1 million in construction costs within property, plant and equipment and $8.0 million in construction advances from the landlords in connection with these properties as of September 30, 2024. We determine the lease classification for these properties at the end of the construction period. Upon lease commencement, the initial base term of these leases is normally 20 years, with most having options to extend for additional terms of up to 20 years. As of September 30, 2024, we had $372.6 million of future lease obligations related to four venues subject to non-cancellable leases that have been signed but have not yet commenced. The components of lease expense included in our condensed consolidated statement of operations are as follows for the periods presented (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
2024 |  | 2023 |  | 2024 |  | 2023
Operating lease costs | $ | 46.8 |  |  | $ | 45.9 |  |  | $ | 137.3 |  |  | $ | 131.2 |
Total operating lease costs | 46.8 |  |  | 45.9 |  |  | 137.3 |  |  | 131.2 |
Financing lease costs: |  |  |  |  |  |  |
Amortization of ROU assets | 2.0 |  |  | 1.9 |  |  | 5.7 |  |  | 5.8 |
Interest on lease liabilities | 4.6 |  |  | 3.7 |  |  | 12.8 |  |  | 11.0 |
Total financing lease costs | 6.6 |  |  | 5.6 |  |  | 18.5 |  |  | 16.8 |
DLF obligation costs: |  |  |  |  |  |  |
Depreciation of DLF assets | 10.1 |  |  | 7.8 |  |  | 28.3 |  |  | 18.2 |
Interest on DLF obligations | 25.7 |  |  | 17.5 |  |  | 74.7 |  |  | 48.9 |
Total DLF obligation costs | 35.8 |  |  | 25.3 |  |  | 103.0 |  |  | 67.1 |
Variable lease costs | 2.2 |  |  | 3.7 |  |  | 8.6 |  |  | 8.4 |
Total lease costs | $ | 91.4 |  |  | $ | 80.5 |  |  | $ | 267.4 |  |  | $ | 223.5 |
Other information related to leases (in millions):
|  | Nine Months Ended September 30, |  |  |
Supplemental Cash Flows Information |  | 2024 |  | 2023 |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 125.8 |  |  | $ | 116.1 |  |  |  |
Operating cash flows for finance leases |  | $ | 8.9 |  |  | $ | 5.6 |  |  |  |
Operating cash flows for DLF obligations |  | $ | 54.9 |  |  | $ | 37.1 |  |  |  |
Financing cash flows for finance leases |  | $ | 3.0 |  |  | $ | 2.2 |  |  |  |
Financing cash flows for DLF obligations |  | $ | 8.0 |  |  | $ | 5.9 |  |  |  |
Lease liabilities arising from new ROU assets: |  |  |  |  |  |  |
Operating leases |  | $ | 33.9 |  |  | $ | 53.3 |  |  |  |
Financing leases |  | $ | 3.7 |  |  | $ | 17.4 |  |  |  |
DLF obligations |  | $ | 158.2 |  |  | $ | 143.4 |  |  |  |
| September 30, 2024 |  | December 31, 2023
Weighted average remaining lease term (years): |  |  |
Operating leases | 15.4 |  | 15.9
Financing leases | 36.2 |  | 36.8
DLF obligations | 36.9 |  | 38.1
Weighted average discount rate: |  |  |
Operating leases | 5.8 | % |  | 5.8 | %
Financing leases | 6.3 | % |  | 6.3 | %
DLF obligations | 9.5 | % |  | 10.0 | %
As of September 30, 2024, our future minimum lease obligations were as follows (in millions):
| Operating Leases |  | Financing Leases |  | DLF Obligations(1) |  | Total
Remainder of 2024 | $ | 32.9 |  |  | $ | 2.8 |  |  | $ | 14.1 |  |  | $ | 49.8 |
2025 | 167.9 |  |  | 16.6 |  |  | 91.9 |  |  | 276.4 |
2026 | 163.1 |  |  | 17.0 |  |  | 95.8 |  |  | 275.9 |
2027 | 159.9 |  |  | 17.0 |  |  | 97.0 |  |  | 273.9 |
2028 | 156.8 |  |  | 17.4 |  |  | 99.2 |  |  | 273.4 |
Thereafter | 1,698.6 |  |  | 757.3 |  |  | 4,400.4 |  |  | 6,856.3 |
Total future lease payments | 2,379.2 |  |  | 828.1 |  |  | 4,798.4 |  |  | 8,005.7 |
Less: imputed interest | 888.3 |  |  | 536.7 |  |  | 3,650.1 |  |  | 5,075.1 |
Total | $ | 1,490.9 |  |  | $ | 291.4 |  |  | $ | 1,148.3 |  |  | $ | 2,930.6 |
(1) Future lease payments for DLF Obligations include approximately $37.4 million of reimbursements which we expect to receive from third-party financing partners that were not yet received as of September 30, 2024. Imputed interest includes approximately $136.4 million related to these unfunded DLF Obligations as of September 30, 2024.
Leases | Leases Sales-Type Leases We enter into non-cancellable license agreements primarily related to Toptracer and Swing Suite. Certain of these license agreements are classified as sales-type leases. Revenue from sales-type leases is included in service revenues within the condensed consolidated statements of operations and consists of the following for the periods presented (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Sales-type lease selling price | $ | 12.8 |  |  | $ | 7.4 |  |  | $ | 31.2 |  |  | $ | 23.8 |
Cost of underlying assets | (5.7) |  |  | (3.0) |  |  | (11.8) |  |  | (10.9) |
Operating profit | $ | 7.1 |  |  | $ | 4.4 |  |  | $ | 19.4 |  |  | $ | 12.9 |
Interest income | $ | 1.7 |  |  | $ | 2.1 |  |  | $ | 5.2 |  |  | $ | 4.8 |
Total revenue attributable to sales-type leases | $ | 14.5 |  |  | $ | 9.5 |  |  | $ | 36.4 |  |  | $ | 28.6 |
Leasing receivables related to our net investment in sales-type leases are as follows (in millions):
| Balance Sheet Location |  | September 30, 2024 |  | December 31, 2023
Leasing receivables, net—short-term | Other current assets |  | $ | 35.9 |  |  | $ | 26.9 |
Leasing receivables, net—long-term | Other assets |  | 71.2 |  |  | 65.1 |
Total leasing receivables |  |  | $ | 107.1 |  |  | $ | 92.0 |
Net maturities of sales-type lease receivables for the next five years and thereafter as of September 30, 2024 are as follows (in millions):
Remainder of 2024 | $ | 14.8 |
2025 | 35.0 |
2026 | 29.6 |
2027 | 20.9 |
2028 | 13.5 |
Thereafter | 8.2 |
Total future lease proceeds | 122.0 |
Less: imputed interest | 14.9 |
Total | $ | 107.1 |
Operating Leases, Financing Leases and DLF Obligations Supplemental balance sheet information related to our operating and financing right-of-use (“ROU”) assets and lease liabilities and deemed landlord financing (“DLF”) assets and obligations is as follows (in millions):
| Balance Sheet Location |  | September 30, 2024 |  | December 31, 2023
Assets |  |  |  |  |
Operating lease ROU assets, net | Operating lease ROU assets, net |  | $ | 1,367.4 |  |  | $ | 1,410.1 |
Financing lease ROU assets, net | Other assets, net |  | $ | 251.9 |  |  | $ | 257.4 |
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating lease liabilities, short-term | Operating lease liabilities, short-term |  | $ | 88.9 |  |  | $ | 86.4 |
Financing lease liabilities, short-term | Accounts payable and accrued expenses |  | $ | 1.5 |  |  | $ | 1.4 |
DLF obligations, short-term | Accounts payable and accrued expenses |  | $ | 1.0 |  |  | $ | 0.1 |
Non-current |  |  |  |  |
Operating lease liabilities, long-term | Operating lease liabilities, long-term |  | $ | 1,402.0 |  |  | $ | 1,433.4 |
Financing lease liabilities, long-term | Other long-term liabilities |  | $ | 289.9 |  |  | $ | 287.9 |
DLF obligations, long-term | Deemed landlord financing obligations |  | $ | 1,147.3 |  |  | $ | 980.0 |
Leases Under Construction Our minimum capital commitment for leases under construction, net of reimbursements from third-party real estate financing partners, was approximately $106.0 million as of September 30, 2024. As we are actively involved in the construction of these properties, we recorded $40.1 million in construction costs within property, plant and equipment and $8.0 million in construction advances from the landlords in connection with these properties as of September 30, 2024. We determine the lease classification for these properties at the end of the construction period. Upon lease commencement, the initial base term of these leases is normally 20 years, with most having options to extend for additional terms of up to 20 years. As of September 30, 2024, we had $372.6 million of future lease obligations related to four venues subject to non-cancellable leases that have been signed but have not yet commenced. The components of lease expense included in our condensed consolidated statement of operations are as follows for the periods presented (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
2024 |  | 2023 |  | 2024 |  | 2023
Operating lease costs | $ | 46.8 |  |  | $ | 45.9 |  |  | $ | 137.3 |  |  | $ | 131.2 |
Total operating lease costs | 46.8 |  |  | 45.9 |  |  | 137.3 |  |  | 131.2 |
Financing lease costs: |  |  |  |  |  |  |
Amortization of ROU assets | 2.0 |  |  | 1.9 |  |  | 5.7 |  |  | 5.8 |
Interest on lease liabilities | 4.6 |  |  | 3.7 |  |  | 12.8 |  |  | 11.0 |
Total financing lease costs | 6.6 |  |  | 5.6 |  |  | 18.5 |  |  | 16.8 |
DLF obligation costs: |  |  |  |  |  |  |
Depreciation of DLF assets | 10.1 |  |  | 7.8 |  |  | 28.3 |  |  | 18.2 |
Interest on DLF obligations | 25.7 |  |  | 17.5 |  |  | 74.7 |  |  | 48.9 |
Total DLF obligation costs | 35.8 |  |  | 25.3 |  |  | 103.0 |  |  | 67.1 |
Variable lease costs | 2.2 |  |  | 3.7 |  |  | 8.6 |  |  | 8.4 |
Total lease costs | $ | 91.4 |  |  | $ | 80.5 |  |  | $ | 267.4 |  |  | $ | 223.5 |
Other information related to leases (in millions):
|  | Nine Months Ended September 30, |  |  |
Supplemental Cash Flows Information |  | 2024 |  | 2023 |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 125.8 |  |  | $ | 116.1 |  |  |  |
Operating cash flows for finance leases |  | $ | 8.9 |  |  | $ | 5.6 |  |  |  |
Operating cash flows for DLF obligations |  | $ | 54.9 |  |  | $ | 37.1 |  |  |  |
Financing cash flows for finance leases |  | $ | 3.0 |  |  | $ | 2.2 |  |  |  |
Financing cash flows for DLF obligations |  | $ | 8.0 |  |  | $ | 5.9 |  |  |  |
Lease liabilities arising from new ROU assets: |  |  |  |  |  |  |
Operating leases |  | $ | 33.9 |  |  | $ | 53.3 |  |  |  |
Financing leases |  | $ | 3.7 |  |  | $ | 17.4 |  |  |  |
DLF obligations |  | $ | 158.2 |  |  | $ | 143.4 |  |  |  |
| September 30, 2024 |  | December 31, 2023
Weighted average remaining lease term (years): |  |  |
Operating leases | 15.4 |  | 15.9
Financing leases | 36.2 |  | 36.8
DLF obligations | 36.9 |  | 38.1
Weighted average discount rate: |  |  |
Operating leases | 5.8 | % |  | 5.8 | %
Financing leases | 6.3 | % |  | 6.3 | %
DLF obligations | 9.5 | % |  | 10.0 | %
As of September 30, 2024, our future minimum lease obligations were as follows (in millions):
| Operating Leases |  | Financing Leases |  | DLF Obligations(1) |  | Total
Remainder of 2024 | $ | 32.9 |  |  | $ | 2.8 |  |  | $ | 14.1 |  |  | $ | 49.8 |
2025 | 167.9 |  |  | 16.6 |  |  | 91.9 |  |  | 276.4 |
2026 | 163.1 |  |  | 17.0 |  |  | 95.8 |  |  | 275.9 |
2027 | 159.9 |  |  | 17.0 |  |  | 97.0 |  |  | 273.9 |
2028 | 156.8 |  |  | 17.4 |  |  | 99.2 |  |  | 273.4 |
Thereafter | 1,698.6 |  |  | 757.3 |  |  | 4,400.4 |  |  | 6,856.3 |
Total future lease payments | 2,379.2 |  |  | 828.1 |  |  | 4,798.4 |  |  | 8,005.7 |
Less: imputed interest | 888.3 |  |  | 536.7 |  |  | 3,650.1 |  |  | 5,075.1 |
Total | $ | 1,490.9 |  |  | $ | 291.4 |  |  | $ | 1,148.3 |  |  | $ | 2,930.6 |
(1) Future lease payments for DLF Obligations include approximately $37.4 million of reimbursements which we expect to receive from third-party financing partners that were not yet received as of September 30, 2024. Imputed interest includes approximately $136.4 million related to these unfunded DLF Obligations as of September 30, 2024.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of lessor's direct financing leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
Name: | us-gaap_LessorDirectFinancingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration