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Lease Obligations | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Lease Obligations | Note 8 – Lease Obligations Finance Leases The gross amount of assets held under finance leases as of December 31, 2020 and 2019 totaled $563.0 million and $463.5 million, respectively. Assets held under finance leases, net of accumulated depreciation, totaled $418.7 million and $375.9 million as of December 31, 2020 and 2019, respectively. Depreciation expense associated with finance leases totaled $68.0 million and $48.6 million for the years ended December 31, 2020 and 2019, respectively. Operating Leases Operating lease additions for the years ended December 31, 2020 and 2019 totaled $28.0 million and $103.3 million, respectively, and the effect of adoption in 2019 of ASU 2016-02, Leases (Topic 842) was approximately $230.0 million. For the years ended December 31, 2020 and 2019, rent expense for leases that have terms in excess of one year totaled approximately $113.0 million and $114.5 million, respectively, of which $10.0 million and $10.4 million, respectively, represented variable lease costs. The Company also incurred rent expense for leases with terms of one year or less totaling approximately $312.0 million and $448.2 million for the years ended December 31, 2020 and 2019, respectively. For the year ended December 31, 2018, rent and related expense for leases that have non-cancelable terms in excess of one year totaled approximately $115.0 million, and rent and related expense for leases having original terms of one year or less totaled approximately $472.1 million. Rent expense for operating leases is generally consistent with the amount of the related payments, which payments are included within operating activities in the consolidated statements of cash flows. Additional Lease Information Future minimum lease commitments as of December 31, 2020 were as follows (in millions):
| Finance Leases |  | Operating Leases
2021 | $ | 141.5 |  |  | $ | 82.8 |
2022 | 101.5 |  |  | 49.2 |
2023 | 47.6 |  |  | 25.4 |
2024 | 11.7 |  |  | 16.2 |
2025 | 0.5 |  |  | 10.4 |
Thereafter | — |  |  | 20.0 |
Total minimum lease payments | $ | 302.8 |  |  | $ | 204.0 |
Less amounts representing interest | (14.3) |  |  | (15.0) |
Total lease obligations, net of interest | $ | 288.5 |  |  | $ | 189.0 |
Less current portion | 132.6 |  |  | 72.5 |
Long-term portion of lease obligations, net of interest | $ | 155.9 |  |  | $ | 116.5 |
As of December 31, 2020, finance leases had a weighted average remaining lease term of 2.4 years and a weighted average discount rate of 3.9%. Non-cancelable operating leases had a weighted average remaining lease term of 3.9 years and a weighted average discount rate of 3.7% as of December 31, 2020.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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