Leases (Tables)

6 Months Ended

Jun. 30, 2025

The components of lease expense were as follows (in millions):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Operating lease cost	$	17.0	$	16.8	$	33.0	$	34.9

Finance lease cost:
Amortization of right-of-use assets	$	0.1	$	0.1	$	0.1	$	0.2
Interest on lease liabilities	0.2		0.2		0.3		0.4
Total finance lease cost	$	0.3	$	0.3	$	0.4	$	0.6

Lessee Supplemental Cash Flow Information

Supplemental cash flow information related to leases was as follows (in millions):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	11.7	$	10.5	$	22.7	$	21.4
Operating cash flows from finance leases	$	0.2	$	0.2	$	0.3	$	0.4
Financing cash flows from finance leases	$	0.1	$	0.1	$	0.1	$	0.2

Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	38.0	$	3.7	$	40.1	$	11.2

Lessee Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows (in millions):


	June 30, 2025		December 31, 2024
Operating Leases
Operating lease right-of-use assets	$	190.4	$	160.5

Current operating lease liabilities	$	39.3	$	41.7
Operating lease liabilities	164.8		131.4
Total operating lease liabilities	$	204.1	$	173.1

Finance leases are included in Property, plant and equipment, net, Current maturities of long-term debt and notes payable, and Long-term debt, net of current maturities.


	June 30, 2025		December 31, 2024
Finance Leases
Property, plant and equipment, gross	$	11.8	$	11.7
Less: accumulated depreciation and amortization	(6.6)		(6.1)
Property, plant and equipment, net	$	5.2	$	5.6

Current maturities of long-term debt and notes payable	$	0.5	$	0.4
Long-term debt, net of current maturities	8.9		9.2
Total finance lease liabilities	$	9.4	$	9.6


	June 30, 2025		December 31, 2024
Weighted Average Remaining Lease Term
Operating leases - in years	8		6
Finance leases - in years	13		13

Weighted Average Discount Rate
Operating leases	4.7	%	4.1	%
Finance leases	6.6	%	6.5	%

Maturities Of Lease Liabilities For Operating and Finance Leases

Maturities of lease liabilities were as follows (in millions):


Year Ending December 31,	Operating Leases		Finance Leases
2025 (excluding the six months ended June 30, 2025)	$	24.3	$	0.6
2026	41.8		1.1
2027	34.4		1.1
2028	26.8		1.1
2029	22.4		1.1
Thereafter	91.7		9.6
Total lease payments	241.4		14.6
Less imputed interest	(37.3)		(5.2)
Total	$	204.1	$	9.4

BIO-RAD LABORATORIES, INC. 10-Q