Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Three Months Ended
March 31,
2025 2024
(in thousands)
Operating lease expense $ 70,028  $ 65,736 
Variable and short-term lease expense 27,722  25,195 
Sublease income (1,602) (1,409)
Net lease expense $ 96,148  $ 89,522 
Supplemental Cash Flow Information for Operating Leases
Supplemental cash flow information for our operating leases is as follows:
Three Months Ended
March 31,
2025 2024
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 77,543  $ 79,177 
Lease assets obtained in exchange for lease obligations, net of terminations $ 86,559  $ 10,950 
As of March 31, 2025, we have additional operating leases that have not yet commenced, with total lease payments of $694.6 million. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from April 2025 to June 2030 with lease terms ranging from 7 to 39 years.