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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Schedule of Lease-Related Liabilities Recorded on the Balance Sheet | The table below presents the lease-related liabilities and finance lease ROU assets recorded on the Consolidated Balance Sheets:
(Dollars in millions) |  | December 31, 2020 |  | December 31, 2019
Operating lease liabilities: |  |  |  |
Current portion included in accrued liabilities |  | $ | 30.8 |  |  | $ | 25.2 |
Noncurrent operating lease liabilities |  | 246.7 |  |  | 238.5 |
Total operating lease liabilities |  | 277.5 |  |  | 263.7 |
Finance lease liabilities: |  |  |  |
Current portion included in current maturities of long-term debt |  | 6.0 |  |  | 1.1 |
Long-term portion of lease liabilities in long-term debt |  | 240.4 |  |  | 29.4 |
Total finance lease liabilities |  | 246.4 |  |  | 30.5 |
Total lease liabilities |  | $ | 523.9 |  |  | $ | 294.2 |
Finance lease right-of-use assets: |  |  |  |
Total finance lease right-of-use assets 1 |  | $ | 253.9 |  |  |
Weighted-average remaining lease term: |  |  |  |
Operating leases |  | 5 years |  |
Finance leases |  | 12 years |  |
Weighted-average discount rate: |  |  |  |
Operating leases |  | 4.69 | % |  |
Finance leases |  | 4.12 | % |  |
1 Finance lease right-of-use assets included in property and equipment, net of accumulated depreciation.
Schedule of Lease Costs | The components of lease costs, which were included in selling, general and administrative in our Consolidated Statements of Operations, were as follows:
|  | Year Ended December 31,
(Dollars in millions) |  | 2020
Operating lease cost 1 |  | $ | 41.6 |
Variable lease cost 2 |  | 3.1 |
Amortization of finance lease right-of-use assets |  | 4.5 |
Interest on finance lease liabilities |  | 3.4 |
Sublease income |  | (4.9) |
Total lease costs |  | $ | 47.7 |
1 Includes short-term and month-to-month lease costs, which are immaterial. 2 Variable lease cost generally includes reimbursement for actual costs incurred by our lessors for common area maintenance, property taxes and insurance on leased real estate.
Schedule of Maturities of Operating Lease Liabilities | As of December 31, 2020, the maturities of our operating and finance lease liabilities were as follows:
(Dollars in millions) |  | Operating Lease Liabilities |  | Finance Lease Liabilities
Year Ending December 31, |  |  |  |
2021 |  | $ | 42.7 |  |  | $ | 11.9 |
2022 |  | 40.6 |  | 25.7
2023 |  | 34.7 |  | 92.3
2024 |  | 29.4 |  | 13.3
2025 |  | 26.9 |  | 99.5
Thereafter |  | 199.7 |  | 32.8
Total minimum lease payments |  | 374.0 |  | 275.5
Less: |  |  |  |
Present value adjustment |  | (96.5) |  |  | (29.1) |
Total lease liabilities |  | $ | 277.5 |  |  | $ | 246.4 |
Schedule of Maturities of Finance Lease Liabilities | As of December 31, 2020, the maturities of our operating and finance lease liabilities were as follows:
(Dollars in millions) |  | Operating Lease Liabilities |  | Finance Lease Liabilities
Year Ending December 31, |  |  |  |
2021 |  | $ | 42.7 |  |  | $ | 11.9 |
2022 |  | 40.6 |  | 25.7
2023 |  | 34.7 |  | 92.3
2024 |  | 29.4 |  | 13.3
2025 |  | 26.9 |  | 99.5
Thereafter |  | 199.7 |  | 32.8
Total minimum lease payments |  | 374.0 |  | 275.5
Less: |  |  |  |
Present value adjustment |  | (96.5) |  |  | (29.1) |
Total lease liabilities |  | $ | 277.5 |  |  | $ | 246.4 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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 + Details
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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 + Details
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