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Leases (Tables)

9 Months Ended

Sep. 30, 2021

Summary of net operating lease cost


		Three Months Ended September 30,						Nine Months Ended September 30,
		2021			2020			2021			2020
Lease Cost
Operating lease cost (1)		$	62.8		$	64.4		$	187.1		$	184.9
Sublease income			(5.8)			(6.5)			(18.8)			(19.4)
Total lease cost		$	57.0		$	57.9		$	168.3		$	165.5

(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


		Nine Months Ended			Nine Months Ended
		September 30, 2021			September 30, 2020
Other Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases			186.9			174.2
Right-of-use assets obtained in exchange for operating lease liabilities			68.0			63.9

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


		September 30, 2021				December 31, 2020
Lease Term and Discount Rate
Weighted-average remaining lease term - operating leases			24 years			25 years
Weighted-average discount rate - operating leases			6.2%			6.4%

Schedule of maturity of lease liabilities


Maturity of Lease Liabilities		September 30, 2021
2021 (1)		$	66.2
2022			240.1
2023			236.1
2024			250.4
2025			228.2
2026			217.9
2027 and thereafter			4,170.5
Total future minimum lease payments		$	5,409.4
Less: Imputed interest			(2,974.3)
Present value of future minimum lease payments		$	2,435.1

Current operating lease liabilities (2)		$	94.0
Long-term operating lease liabilities			2,341.1
Total operating lease liabilities		$	2,435.1

(1)

Excludes the nine months ended September 30, 2021.

(2)

Included within “Accrued expenses and other current liabilities” on Consolidated Condensed Balance Sheet as of September 30, 2021.