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Leases
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases Leases
The following table summarizes components of lease costs recognized in the condensed consolidated statements of operations (in millions):
 Three Months Ended March 31,
 20242023
Operating lease costs$34.1 $30.0 
Finance lease costs:
Amortization of right-of-use assets7.6 4.6 
Interest on lease obligations2.0 1.1 
Variable lease costs3.5 2.9 
Total lease costs$47.2 $38.6 
The following table presents supplemental cash flow information related to the Company’s leases (in millions):
 Three Months Ended March 31,
 20242023
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases$32.9 $28.6 
Operating cash flows from finance leases$2.2 $1.1 
Financing cash flows from finance leases$6.4 $4.3 
Right-of-use assets obtained in exchange for new finance lease liabilities$19.3 $11.8 
Right-of-use assets obtained in exchange for new operating lease liabilities$19.7 $6.8 
As of March 31, 2024, the Company’s operating leases had a weighted-average remaining lease term of 5.9 years and a weighted-average discount rate of 5.37%, and the Company’s finance leases had a weighted-average remaining lease term of 4.7 years and a weighted-average discount rate of 6.00%.
The following table summarizes future lease payments as of March 31, 2024 (in millions):
Year Ending December 31,
Operating Leases Finance Leases
2024 (April - December)$86.7 $27.4 
2025117.7 36.3 
2026104.8 35.4 
202788.0 30.3 
202870.5 19.3 
Thereafter151.8 10.8 
Total future lease payments619.5 159.5 
Imputed interest(91.0)(20.6)
Total lease liabilities$528.5 $138.9 
Leases Leases
The following table summarizes components of lease costs recognized in the condensed consolidated statements of operations (in millions):
 Three Months Ended March 31,
 20242023
Operating lease costs$34.1 $30.0 
Finance lease costs:
Amortization of right-of-use assets7.6 4.6 
Interest on lease obligations2.0 1.1 
Variable lease costs3.5 2.9 
Total lease costs$47.2 $38.6 
The following table presents supplemental cash flow information related to the Company’s leases (in millions):
 Three Months Ended March 31,
 20242023
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases$32.9 $28.6 
Operating cash flows from finance leases$2.2 $1.1 
Financing cash flows from finance leases$6.4 $4.3 
Right-of-use assets obtained in exchange for new finance lease liabilities$19.3 $11.8 
Right-of-use assets obtained in exchange for new operating lease liabilities$19.7 $6.8 
As of March 31, 2024, the Company’s operating leases had a weighted-average remaining lease term of 5.9 years and a weighted-average discount rate of 5.37%, and the Company’s finance leases had a weighted-average remaining lease term of 4.7 years and a weighted-average discount rate of 6.00%.
The following table summarizes future lease payments as of March 31, 2024 (in millions):
Year Ending December 31,
Operating Leases Finance Leases
2024 (April - December)$86.7 $27.4 
2025117.7 36.3 
2026104.8 35.4 
202788.0 30.3 
202870.5 19.3 
Thereafter151.8 10.8 
Total future lease payments619.5 159.5 
Imputed interest(91.0)(20.6)
Total lease liabilities$528.5 $138.9