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Leases

12 Months Ended

Dec. 31, 2021

Note 10. Leases

Our metals service center leases are comprised of processing and distribution facilities, equipment, trucks and trailers, ground leases and other leased spaces, such as depots, sales offices, storage and data centers. We also lease various office spaces. Our leases of facilities and other spaces expire at various times through 2045 and our ground leases expire at various times through 2068. Nearly all of our leases are operating leases; we have recognized finance right-of-use assets and obligations of less than $1.0 million.

The following is a summary of our lease cost:


	Year Ended December 31,
	2021		2020		2019

	(in millions)
Operating lease cost	$	82.2	$	82.1	$	84.4

Our operating lease costs include payments to various related parties that are not executive officers of the Company, in the amounts of $1.9 million, $1.9 million and $2.5 million in 2021, 2020 and 2019, respectively. These related party leases are for buildings leased to certain of the companies we have acquired and expire in various years through 2026.

Supplemental cash flow and balance sheet information is presented below:


	Year Ended December 31,
	2021		2020

	(in millions)
Supplemental cash flow information:
Cash payments for operating leases	$	81.7	$	81.7
Right-of-use assets obtained in exchange for operating lease obligations	$	46.8	$	58.8

	December 31,		December 31,
	2021		2020
Other lease information:
Weighted average remaining lease term—operating leases		5.8 years		5.7 years
Weighted average discount rate—operating leases		3.3%		3.7%

Maturities of operating lease liabilities as of December 31, 2021 are as follows:


	(in millions)
2022	$	62.1
2023		50.7
2024		39.9
2025		27.9
2026		17.8
Thereafter		52.0
Total operating lease payments		250.4
Less: imputed interest		(29.3)
Total operating lease liabilities	$	221.1