Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Three Months Ended
June 30,		 Six Months Ended
June 30,
2025 2024 2025 2024
(in thousands)
Operating lease expense $ 77,157  $ 66,772  $ 147,185  $ 132,508 
Variable and short-term lease expense 47,218  48,717  74,940  73,912 
Sublease income (1,745) (1,704) (3,347) (3,113)
Net lease expense $ 122,630  $ 113,785  $ 218,778  $ 203,307 
Supplemental Cash Flow Information for Operating Leases
Supplemental cash flow information for our operating leases is as follows:
Six Months Ended
June 30,
2025 2024
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 153,397  $ 149,049 
Lease assets obtained in exchange for lease obligations, net of terminations $ 157,038  $ 54,947 
As of June 30, 2025, we have additional operating leases that have not yet commenced, with total lease payments of $872.4 million. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from August 2025 to June 2030, with lease terms ranging from 7 to 39 years.