Leases (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to our operating and financing right of use (“ROU”) assets and lease liabilities is as follows (in millions):


	Balance Sheet Location	June 30, 2026		December 31, 2025
Assets
Operating lease ROU assets, net	Operating lease ROU assets, net	$	161.0	$	173.5
Financing lease ROU assets, net	Other assets, net	$	22.6	$	0.7

Liabilities
Current
Operating lease liabilities, short-term	Operating lease liabilities, short-term	$	23.1	$	22.9
Financing lease liabilities, short-term	Other current liabilities	$	1.7	$	0.3

Non-current
Operating lease liabilities, long-term	Operating lease liabilities, long-term	$	176.5	$	189.7
Financing lease liabilities, long-term	Other long-term liabilities	$	21.3	$	0.5

Schedule of Components of Lease Expense and Other Information Related to Leases

The components of lease expense, excluding the impact from the lease termination incentive, included in our condensed consolidated statement of operations for the periods presented below are as follows (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

Operating lease costs	$	8.7	$	8.6	$	17.7	$	16.7
Financing lease costs:
Amortization of ROU assets	1.0		—		1.1		0.1
Interest on lease liabilities	0.7		—		0.7		—
Total financing lease costs	1.7		—		1.8		0.1
Variable lease costs	0.3		0.3		0.7		0.6
Total lease costs	$	10.7	$	8.9	$	20.2	$	17.4

Other information related to leases (in millions):


	Six Months Ended June 30,
Supplemental Cash Flows Information	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	18.3	$	15.7
Operating cash flows from finance leases	$	0.7	$	—
Financing cash flows from finance leases	$	0.7	$	0.1

Lease liabilities arising from new ROU assets:
Operating leases	$	8.6	$	25.2
Financing leases	$	22.9	$	0.2


	June 30, 2026		December 31, 2025
Weighted-average remaining lease term (years):
Operating leases	8.8		9.4
Financing leases	9.3		3.4

Weighted-average discount rate:
Operating leases	6.8	%	6.8	%
Financing leases	7.2	%	7.1	%

Schedule of Future Minimum Operating Lease Obligations

As of June 30, 2026, our future minimum lease obligations were as follows (in millions):


	Operating Leases		Financing Leases		Total
Remainder of 2026	$	17.8	$	1.7	$	19.5
2027	34.7		3.3		38.0
2028	33.2		3.3		36.5
2029	32.2		3.3		35.5
2030	27.8		3.3		31.1
Thereafter	128.9		16.9		145.8
Total future lease payments	274.6		31.8		306.4
Less: imputed interest	75.0		8.8		83.8
Total	$	199.6	$	23.0	$	222.6

Schedule of Future Minimum Financing Lease Obligations

As of June 30, 2026, our future minimum lease obligations were as follows (in millions):


	Operating Leases		Financing Leases		Total
Remainder of 2026	$	17.8	$	1.7	$	19.5
2027	34.7		3.3		38.0
2028	33.2		3.3		36.5
2029	32.2		3.3		35.5
2030	27.8		3.3		31.1
Thereafter	128.9		16.9		145.8
Total future lease payments	274.6		31.8		306.4
Less: imputed interest	75.0		8.8		83.8
Total	$	199.6	$	23.0	$	222.6