Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2025 2024 2025 2024
(in thousands)
Operating lease expense $ 73,558  $ 64,543  $ 220,743  $ 197,051 
Variable and short-term lease expense 83,003  74,936  157,943  148,848 
Sublease income (1,972) (1,447) (5,319) (4,560)
Net lease expense $ 154,589  $ 138,032  $ 373,367  $ 341,339 
Supplemental Cash Flow Information for Operating Leases
Supplemental cash flow information for our operating leases is as follows:
Nine Months Ended
September 30,
2025 2024
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 176,531  $ 212,983 
Lease assets obtained in exchange for lease obligations, net of terminations $ 234,390  $ 200,039 
As of September 30, 2025, we have additional operating leases that have not yet commenced, with total lease payments of $1.3 billion. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from October 2025 to June 2030, with lease terms ranging from 5 to 49 years.