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Leases

3 Months Ended

Mar. 31, 2019

NOTE 7 — LEASES

The Company leases the land underlying certain of its properties, real estate, and various equipment under operating and, to a lesser extent, finance lease arrangements. The Company’s master lease agreement with a subsidiary of MGP for certain real estate assets is eliminated in consolidation and, accordingly is not included within the disclosures below; refer to Note 12 for further discussion of the master lease.

Lease expense for the three months ended March 31, 2019 includes operating lease cost of $24 million. Other information related to the Company’s operating leases was as follows (in thousands, except for lease term and discount rate information):

	March 31,
	2019
Supplemental balance sheet information	(In thousands)
Operating lease right-of-use assets	$	641,912
Operating lease obligation - short-term (recorded within "Other accrued liabilities")	$	62,946
Operating lease obligation - long-term		510,951
Total operating lease liabilities	$	573,897

Weighted-average remaining lease term (years)	37
Weighted-average discount rate (%)	7

	Three Months Ended
	March 31, 2019
Supplemental cash flows information	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities - operating cash outflows from operating leases	$	17,365

Maturities of operating lease liabilities were as follows:

Year ending December 31,	(In thousands)
2019 (excluding the three months ended March 31, 2019)	$	64,292
2020		86,977
2021		67,637
2022		53,833
2023		51,691
Thereafter		1,419,575
Total future minimum lease payments		1,744,005
Less: Amount of lease payments representing interest		(1,170,108	)
Total	$	573,897