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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Sales-Type Lease, Revenue Revenue from sales-type leases (see Note 2) is included in services revenues within our consolidated statements of operations is as follows (in millions):
Year Ended December 31,
202420232022
Sales-type lease selling price(1)
$42.0 $30.3 $36.3 
Cost of underlying assets(16.0)(13.8)(17.6)
Operating profit$26.0 $16.5 $18.7 
Interest income$7.4 $6.1 $4.5 
Leasing revenue attributable to sales-type leases$49.4 $36.4 $40.8 
(1) Selling price is equal to the present value of lease payments over the non-cancelable term of the licensing agreement.
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):
December 31,
Balance Sheet Location20242023
Leasing receivables, net—short-termOther current assets$33.9 $26.9 
Leasing receivables, net—long-termOther assets, net71.2 65.1 
Total leasing receivables$105.1 $92.0 
Supplemental balance sheet information related to our operating and financing ROU assets and lease liabilities and DLF obligations is as follows (in millions):
December 31,
Balance Sheet Location20242023
Assets
Operating lease ROU assets, netOperating lease ROU assets, net$1,339.2 $1,410.1 
Financing lease ROU assets, netOther assets, net$261.4 $257.4 
Liabilities
Current
Operating lease liabilities, short-termOperating lease liabilities, short-term$89.3 $86.4 
Financing lease liabilities, short-termAccounts payable and accrued expenses$1.4 $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$1,377.1 $1,433.4 
Financing lease liabilities, long-termOther long-term liabilities$301.9 $287.9 
DLF obligations, long-termDeemed landlord financing obligations$1,194.8 $980.0 
Schedule of Sales-Type Lease, Lease Receivable, Maturity
Net maturities of sales-type lease receivables for the next five years and thereafter as of December 31, 2024, are as follows (in millions):
Sales-Type Leases
2025$41.2 
202629.3 
202722.7 
202815.6 
20298.3 
Thereafter2.8 
Total future lease payments119.9 
Less: imputed interest14.8 
Total$105.1 
Schedule of Components of Lease Expense and Other Information Related to Leases
The components of lease expense included in our consolidated statements of operations for the periods presented below are as follows (in millions):
Year Ended December 31,
202420232022
Operating lease costs:$180.0 $176.1 $172.7 
Financing lease costs:
Amortization of ROU assets7.4 7.8 6.4 
Interest on lease liabilities17.6 15.4 9.3 
Total financing lease costs25.0 23.2 15.7 
DLF obligation costs:
Depreciation of DLF assets38.6 25.8 14.5 
Interest on DLF obligations101.6 70.0 46.7 
Total DLF obligation costs140.2 95.8 61.2 
Variable lease costs12.5 11.8 10.2 
Total lease costs$357.7 $306.9 $259.8 
Other information related to leases (in millions):
Year Ended December 31,
Supplemental Cash Flows Information202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$167.0 $156.4 $157.0 
Operating cash flows from finance leases$12.5 $8.5 $5.2 
Operating cash flows from DLF obligations$77.0 $54.6 $36.9 
Financing cash flows from finance leases$3.2 $2.8 $2.7 
Financing cash flows from DLF obligations$7.6 $6.9 $4.8 
Lease liabilities arising from new ROU assets:
Operating leases$40.6 $83.5 $51.9 
Finance leases$22.1 $27.0 $92.0 
DLF obligations$195.7 $311.3 $193.8 
December 31,
20242023
Weighted-average remaining lease term (years):
Operating leases15.215.9
Finance leases36.236.8
DLF obligations36.838.1
Weighted-average discount rate:
Operating leases5.8 %5.8 %
Finance leases6.5 %6.3 %
DLF obligations9.4 %10.0 %
Schedule of Future Minimum Lease Obligations
As of December 31, 2024, our future minimum lease obligations were as follows (in millions):
Operating LeasesFinance Leases
DLF Obligations(1)
Total
2025$157.2 $15.3 $86.9 $259.4 
2026163.1 18.0 99.0 280.1 
2027160.0 18.1 100.4 278.5 
2028156.5 18.6 102.6 277.7 
2029153.3 19.1 105.0 277.4 
Thereafter1,543.6 802.1 4,471.8 6,817.5 
Total future lease payments2,333.7 891.2 4,965.7 8,190.6 
Less: imputed interest867.3 587.9 3,769.9 5,225.1 
Total$1,466.4 $303.3 $1,195.8 $2,965.5 
(1) Future lease payments for DLF Obligations include approximately $24.1 million of reimbursements which we expect to receive from third-party financing partners that were not yet received as of December 31, 2024. Imputed interest includes approximately $114.3 million related to these unfunded DLF Obligations as of December 31, 2024.
Schedule of Future Minimum Lease Obligations
As of December 31, 2024, our future minimum lease obligations were as follows (in millions):
Operating LeasesFinance Leases
DLF Obligations(1)
Total
2025$157.2 $15.3 $86.9 $259.4 
2026163.1 18.0 99.0 280.1 
2027160.0 18.1 100.4 278.5 
2028156.5 18.6 102.6 277.7 
2029153.3 19.1 105.0 277.4 
Thereafter1,543.6 802.1 4,471.8 6,817.5 
Total future lease payments2,333.7 891.2 4,965.7 8,190.6 
Less: imputed interest867.3 587.9 3,769.9 5,225.1 
Total$1,466.4 $303.3 $1,195.8 $2,965.5 
(1) Future lease payments for DLF Obligations include approximately $24.1 million of reimbursements which we expect to receive from third-party financing partners that were not yet received as of December 31, 2024. Imputed interest includes approximately $114.3 million related to these unfunded DLF Obligations as of December 31, 2024.