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Leases (Tables)

12 Months Ended

Dec. 31, 2020

The components of lease costs are as follows (in millions):


	For the Year Ended December 31,
	2020		2019
Operating lease cost	$	68.5	$	72.9
Finance lease cost:
Amortization of right-of-use assets	32.1		30.3
Interest on lease liabilities	29.3		29.5
Total finance lease cost	61.4		59.8
Short-term and variable lease cost	3.7		1.5
Sublease income	(3.2)		(3.2)
Total lease cost	$	130.4	$	131.0

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


		As of December 31,
	Classification	2020		2019
Assets
Operating lease	Operating lease right-of-use assets	$	245.7	$	276.5
Finance lease (1)	Property and equipment, net	322.8		327.0
Total leased assets		$	568.5	$	603.5

Liabilities
Current liabilities:
Operating lease	Current operating lease liabilities	$	44.8	$	40.4
Finance lease	Current portion of long-term debt	23.8		21.0
Noncurrent liabilities:
Operating lease	Long-term operating lease liabilities	209.6		243.8
Finance lease	Long-term debt, net of current portion	367.9		363.1
Total leased liabilities		$	646.1	$	668.3

(1) Finance lease assets are recorded net of accumulated amortization of $129.6 million as of December 31, 2020.


	As of December 31,
	2020		2019
Weighted Average Remaining Lease Term
Operating lease	8.6 years		9.1 years
Finance lease	11.7 years		13.4 years
Weighted Average Discount Rate
Operating lease	6.1	%	6.2	%
Finance lease	8.1	%	7.9	%

Maturities of lease liabilities as of December 31, 2020 are as follows (in millions):

Maturities of lease liabilities as of December 31, 2020 are as follows (in millions):

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


	For the Year Ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	66.9	$	70.4
Operating cash flows from finance leases	29.6		30.0
Financing cash flows from finance leases	22.5		19.5

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	39.0	$	43.8
Finance leases	29.6		34.2