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Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Sales-Type Lease, Revenue
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,
2024202320242023
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 
Schedule of Supplemental Balance Sheet Information Related to Leases
Leasing receivables related to our net investment in sales-type leases are as follows (in millions):
Balance Sheet LocationSeptember 30, 2024December 31, 2023
Leasing receivables, net—short-termOther current assets$35.9 $26.9 
Leasing receivables, net—long-termOther assets71.2 65.1 
Total leasing receivables$107.1 $92.0 
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 LocationSeptember 30, 2024December 31, 2023
Assets
Operating lease ROU assets, netOperating 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-termOperating lease liabilities, short-term$88.9 $86.4 
Financing lease liabilities, short-termAccounts payable and accrued expenses$1.5 $1.4 
DLF obligations, short-termAccounts payable and accrued expenses$1.0 $0.1 
Non-current
Operating lease liabilities, long-termOperating lease liabilities, long-term$1,402.0 $1,433.4 
Financing lease liabilities, long-termOther long-term liabilities $289.9 $287.9 
DLF obligations, long-termDeemed landlord financing obligations$1,147.3 $980.0 
Schedule of Maturities of Sales-Type Lease Receivables
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 
202535.0 
202629.6 
202720.9 
202813.5 
Thereafter8.2 
Total future lease proceeds122.0 
Less: imputed interest14.9 
Total$107.1 
Schedule of Components of Lease Expense and Other Information Related to Leases
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,
2024202320242023
Operating lease costs$46.8 $45.9 $137.3 $131.2 
Total operating lease costs46.8 45.9 137.3 131.2 
Financing lease costs:
Amortization of ROU assets2.0 1.9 5.7 5.8 
Interest on lease liabilities4.6 3.7 12.8 11.0 
Total financing lease costs6.6 5.6 18.5 16.8 
DLF obligation costs:
Depreciation of DLF assets10.1 7.8 28.3 18.2 
Interest on DLF obligations25.7 17.5 74.7 48.9 
Total DLF obligation costs35.8 25.3 103.0 67.1 
Variable lease costs2.2 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 Information20242023
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, 2024December 31, 2023
Weighted average remaining lease term (years):
Operating leases15.415.9
Financing leases36.236.8
DLF obligations36.938.1
Weighted average discount rate:
Operating leases5.8 %5.8 %
Financing leases6.3 %6.3 %
DLF obligations9.5 %10.0 %
Schedule of Future Minimum Operating Lease Obligations
As of September 30, 2024, our future minimum lease obligations were as follows (in millions):
Operating LeasesFinancing Leases
DLF Obligations(1)
Total
Remainder of 2024$32.9 $2.8 $14.1 $49.8 
2025167.9 16.6 91.9 276.4 
2026163.1 17.0 95.8 275.9 
2027159.9 17.0 97.0 273.9 
2028156.8 17.4 99.2 273.4 
Thereafter1,698.6 757.3 4,400.4 6,856.3 
Total future lease payments2,379.2 828.1 4,798.4 8,005.7 
Less: imputed interest888.3 536.7 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.
Schedule of Future Minimum Financing Lease Obligations
As of September 30, 2024, our future minimum lease obligations were as follows (in millions):
Operating LeasesFinancing Leases
DLF Obligations(1)
Total
Remainder of 2024$32.9 $2.8 $14.1 $49.8 
2025167.9 16.6 91.9 276.4 
2026163.1 17.0 95.8 275.9 
2027159.9 17.0 97.0 273.9 
2028156.8 17.4 99.2 273.4 
Thereafter1,698.6 757.3 4,400.4 6,856.3 
Total future lease payments2,379.2 828.1 4,798.4 8,005.7 
Less: imputed interest888.3 536.7 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.