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Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases

Summary of net operating lease cost

​

​	​	​	​	​	​	​
​	​	Year Ended		​	Year Ended
​		December 31, 2020			December 31, 2019
Lease Cost	​	​	​	​	​	​
Operating lease cost (1)	​	$	246.0	​	$	242.0
Sublease income	​	​	(25.8)	​	​	(24.4)
Total lease cost	​	$	220.2	​	$	217.6

(1) Includes short-term leases and variable lease costs, which are immaterial.

Summary of supplemental cash flow information related to operating leases and weighted average remaining lease term and discount rate of leases

​

​	​	​	​	​	​	​
​	​	Year Ended		​	Year Ended
​		December 31, 2020		​	December 31, 2019
Other Information	​	​	​	​	​	​
Gains on sale and leaseback transactions, net	​	$	—	​	$	(0.5)
Cash paid for amounts included in the measurement of lease liabilities	​	​	​	​	​	​
Operating cash flows from operating leases	​	​	234.7	​	​	232.3
Right-of-use assets obtained in exchange for operating lease liabilities	​	​	152.1	​	​	97.7

​

Supplemental balance sheet information related to the weighted average remaining lease term and discount rate of our leases is as follows:

​	​	​	​	​	​	​
​	​	December 31, 2020		​	​	December 31, 2019
Lease Term and Discount Rate	​	​	​	​	​	​
Weighted-average remaining lease term - operating leases	​	​	25 years	​	​	25 years
Weighted-average discount rate - operating leases	​	​	6.4%	​	​	6.6%

Schedule of maturity of lease liabilities

​

​	​	​	​
Maturity of Lease Liabilities	​	December 31, 2020
2021		​	247.8
2022	​		241.7
2023	​		233.9
2024	​	​	227.0
2025	​	​	224.2
2026 and thereafter	​		4,233.5
Total future minimum lease payments	​	$	5,408.1
Less: Imputed interest	​	​	(2,963.8)
Present value of future minimum lease payments	​	$	2,444.3
​	​	​	​
Current operating lease liabilities (1)	​	$	94.0
Long-term operating lease liabilities	​	​	2,350.3
Total operating lease liabilities	​	$	2,444.3

(1) Included within “Accrued expenses and other current liabilities” on Consolidated Balance Sheet as of December 31, 2020.

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- Definition

Tabular disclosure of supplemental cash flow information related to our operating leases.

+ References

No definition available.

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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