Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.26.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Significant Components of Operating Lease Expense
The significant components of operating lease expense are as follows:
Three Months Ended
March 31,
2026 2025
(in thousands)
Operating lease expense $ 77,611  $ 70,028 
Variable and short-term lease expense 36,258  27,722 
Sublease income (1,715) (1,602)
Net lease expense $ 112,154  $ 96,148 
Supplemental Cash Flow Information for Operating Leases
Supplemental cash flow information for our operating leases is as follows:
Three Months Ended
March 31,
2026 2025
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 87,596  $ 77,543 
Lease assets obtained in exchange for lease obligations, net of terminations $ 90,260  $ 86,559 
As of March 31, 2026, we have additional operating leases that have not yet commenced, with total lease payments of $1.4 billion. These operating leases, which are not included on our consolidated balance sheets, have commencement dates ranging from April 2026 to June 2030 with lease terms ranging from 5 to 49 years.