Leases (Tables)

12 Months Ended

Dec. 31, 2025

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


	Year Ended December 31,
	2025		2024		2023
Operating lease cost	$	66.9	$	69.5	$	63.4

Finance lease cost:
Amortization of right-to-use assets	$	0.3	$	0.6	$	0.4
Interest on lease liabilities	0.7		0.7		0.7
Total finance lease cost	$	1.0	$	1.3	$	1.1

Lessee Supplemental Cash Flow Information [Table Text Block]

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


	Year Ended December 31,
	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	44.2	$	42.8	$	41.0
Operating cash flows from finance leases	$	0.7	$	0.7	$	0.7
Financing cash flows from finance leases	$	0.3	$	0.6	$	0.4

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	40.7	$	15.5	$	53.7

Lessee Supplemental Balance Sheet Information [Table Text Block]

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


	December 31,
	2025		2024
Operating Leases
Operating lease right-of-use assets	$	170.0	$	160.5

Current operating lease liabilities	$	36.1	$	41.7
Operating lease liabilities	145.7		131.4
Total operating lease liabilities	$	181.8	$	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.


	December 31,
	2025		2024

Finance Leases
Property, plant and equipment, gross	$	11.5	$	11.7
Less: accumulated depreciation and amortization	(6.4)		(6.1)
Property, plant and equipment, net	$	5.1	$	5.6

Current maturities of long-term debt and notes payable	$	0.5	$	0.4
Long-term debt, net of current maturities	8.7		9.2
Total finance lease liabilities	$	9.2	$	9.6


	December 31,
	2025		2024
Weighted Average Remaining Lease Term
Operating leases - in years	7		6
Finance leases - in years	13		13

Weighted Average Discount Rate
Operating leases	4.8	%	4.1	%
Finance leases	6.7	%	6.5	%

Maturities Of Lease Liabilities For Operating and Finance Leases [Table Text Block]

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


Year Ending December 31,	Operating Leases		Finance Leases
2026	$	42.5	$	1.0
2027	35.7		1.1
2028	27.6		1.1
2029	22.5		1.1
2030	17.5		1.1
Thereafter	71.2		8.6
Total lease payments	217.0		14.0
Less imputed interest	(35.2)		(4.8)
Total	$	181.8	$	9.2

BIO-RAD LABORATORIES, INC. 10-K