Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.25.0.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Year Ended December 31,
2024 2023
(in thousands)
Operating lease cost $ 264,339  $ 274,731 
Variable and short-term lease cost 182,372  205,768 
Sublease income (6,006) (7,687)
Net lease cost $ 440,705  $ 472,812 
Supplemental Cash Flow Information for our Operating Leases
Supplemental cash flow information for our operating leases is as follows:
Year Ended December 31,
2024 2023
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 249,052  $ 259,664 
Lease assets obtained in exchange for lease obligations, net of terminations $ 249,501  $ 181,729 
Lessee, Operating Lease, Liability, Maturity
Future maturities of our operating lease liabilities at December 31, 2024 are as follows:
(in thousands)
2025 $ 258,840 
2026 225,767 
2027 251,785 
2028 234,272 
2029 213,955 
Thereafter 1,943,700 
Total lease payments 3,128,319 
Less: Interest 1,294,647 
Present value of lease liabilities $ 1,833,672 
Weighted Average Remaining Lease Term And Discount Rate For Operating Leases
The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:
Year Ended December 31,
2024 2023
Weighted average remaining lease term (in years) 14.5 13.0
Weighted average discount rate 6.24  % 6.16  %