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LEASES (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Quantitative Information of Operating Leases
Components of lease expense, included within General and administrative in the condensed consolidated statements of operations, for operating leases were as follows:
SuccessorPredecessor
(in thousands)Three Months Ended September 30, 2025Period from February 8, 2025 to September 30, 2025Period from January 1, 2025 to February 7, 2025Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
Operating leases:
Operating lease cost$56,436 $149,910 $21,714 $38,847 $113,135 
Variable lease cost2,839 6,967 1,238 3,216 8,825 
Operating lease expense59,275 156,877 22,952 42,063 121,960 
Short-term lease expense5,973 16,419 2,393 5,950 17,438 
Total lease expense$65,248 $173,296 $25,345 $48,013 $139,398 

Supplemental cash flow and other information related to operating leases are as follows:
SuccessorPredecessor
(in thousands)Three Months Ended September 30, 2025Period from February 8, 2025 to September 30, 2025Period from January 1, 2025 to February 7, 2025Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
Cash paid for amounts included in the lease liability - operating cash flows from operating leases$55,694 $136,319 $30,843 $33,686 $98,191 
Right of use assets obtained in exchange for operating lease liabilities$52,388 $75,365 $— $192,085 $192,716 
Derecognition of operating leases$(259,607)$(259,607)— — — 
Derecognition of financing obligation$— $— $— $(200,000)$(200,000)

SuccessorPredecessor
September 30, 2025
December 31, 2024
Weighted average remaining lease term16.1 years26.2 years
Weighted average discount rate7.3 %8.5 %
Schedule of Future Minimum Rental Commitments
As of September 30, 2025 (Successor), future minimum lease payments under noncancellable operating leases are as follows:
Successor
(in thousands)September 30, 2025
Remaining 2025$57,542 
2026221,678 
2027217,461 
2028220,535 
2029221,896 
Thereafter2,434,592 
Total lease payments3,373,704 
Less: present value discount(1,486,960)
Lease obligations(1)
$1,886,744 
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(1)    Total lease obligations exclude $358.1 million of payments for leases signed but not yet commenced as of September 30, 2025 (Successor).