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Leases | 12 Months Ended
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Dec. 31, 2020
Leases, Operating [Abstract] |
Leases | Leases The following summarizes lease expense:
| Year Ended December 31, 2020 |  | Year Ended December 31, 2019
Lease Expense / (Sublease Income) | Continuing Operations |  | Discontinued Operations |  | Continuing Operations |  | Discontinued Operations
(in thousands) |  |  |  |  |  |  |
Operating lease cost | $ | 83,938 |  |  | $ | 792 |  |  | $ | 90,591 |  |  | $ | 809 |
Finance lease cost |  |  |  |  |  |  |
Amortization of right-of-use assets | 651 |  |  | 676 |  |  | 1,394 |  |  | 27 |
Interest on lease liabilities | 23 |  |  | 117 |  |  | 65 |  |  | 2 |
Variable lease cost (1) | 7,415 |  |  | — |  |  | 19,231 |  |  | — |
Short-term lease cost | 92,161 |  |  | 24,900 |  |  | 119,737 |  |  | 43,807 |
Sublease income | (6,797) |  |  | (10,278) |  |  | (8,905) |  |  | (25,832) |
Total lease expense | $ | 177,391 |  |  | $ | 16,207 |  |  | $ | 222,113 |  |  | $ | 18,813 |
(1)Primarily relates to rent escalation due to cost of living indexation and payments for property taxes, insurance or common area maintenance based on actual assessments. Information related to our right-of use assets and lease liabilities follows:
|  | December 31, 2020 |  | December 31, 2019
Lease Assets / Liabilities | Balance Sheet Classification | Cont Ops |  | Disc Ops |  | Cont Ops |  | Disc Ops
(in thousands) |  |  |  |  |  |  |  |
Right-of-use assets |  |  |  |  |  |  |  |
Operating lease assets | Other assets | $ | 215,134 |  |  | $ | — |  |  | $ | 259,169 |  |  | $ | — |
Operating lease assets | Current assets held for sale | — |  |  | 2,434 |  |  | 13,123 |  |  | 3,259 |
Finance lease assets | Other assets | 400 |  |  | — |  |  | 937 |  |  | — |
Finance lease assets | Current assets held for sale | — |  |  | 9,069 |  |  | — |  |  | 181 |
Total right-of-use assets |  | $ | 215,534 |  |  | $ | 11,503 |  |  | $ | 273,229 |  |  | $ | 3,440 |
Lease liabilities |  |  |  |  |  |  |  |
Operating lease liabilities, current | Other accrued liabilities | $ | 62,180 |  |  | $ | — |  |  | $ | 65,961 |  |  | $ | — |
Operating lease liabilities, noncurrent | Noncurrent liabilities | 176,776 |  |  | — |  |  | 219,146 |  |  | — |
Operating lease liabilities | Current liabilities held for sale | — |  |  | 2,434 |  |  | 13,228 |  |  | 3,180 |
Finance lease liabilities, current | Other accrued liabilities | 114 |  |  | — |  |  | 906 |  |  | — |
Finance lease liabilities, noncurrent | Noncurrent liabilities | — |  |  | — |  |  | 8 |  |  | — |
Finance lease liabilities | Current liabilities held for sale | — |  |  | 8,327 |  |  | — |  |  | 191 |
Total lease liabilities |  | $ | 239,070 |  |  | $ | 10,761 |  |  | $ | 299,249 |  |  | $ | 3,371 |
Supplemental information related to our leases follows:
| Year Ended December 31, 2020 |  | Year Ended December 31, 2019
| Cont Ops | Disc Ops |  | Cont Ops | Disc Ops
(in thousands) |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 89,649 |  | $ | 780 |  |  | $ | 91,308 | $ | 787
Operating cash flows from finance leases | 23 |  | 117 |  |  | 65 | 3
Financing cash flows from finance leases | 761 |  | 1,365 |  |  | 1,547 | 25
Right-of-use assets obtained in exchange for new operating lease liabilities | 20,471 |  | — |  |  | 96,984 | 546
Right-of-use assets obtained in exchange for new finance lease liabilities | — |  | 8,663 |  |  | — | 222
Weighted-average remaining lease term - operating leases | 6.1 years | 4.3 years |  | 6.5 years | 4.8 years
Weighted-average remaining lease term - finance leases | 2.1 years | 5.0 years |  | 2.2 years | 3.5 years
Weighted-average discount rate - operating leases | 3.04 | % | 3.47 | % |  | 3.34 | % | 3.50 | %
Weighted-average discount rate - finance leases | 3.39 | % | 2.72 | % |  | 3.38 | % | 2.64 | %
The remaining lease payments under our operating and finance leases follows:
| Cont Ops |  | Disc Ops
Year Ended December 31, | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
(in thousands) |  |  |  |  |  |  |
2021 | $ | 68,649 |  |  | $ | 8 |  |  | $ | 654 |  |  | $ | 2,927 |
2022 | 55,736 |  |  | 55 |  |  | 609 |  |  | 2,906 |
2023 | 41,029 |  |  | 62 |  |  | 554 |  |  | 1,436 |
2024 | 28,211 |  |  | — |  |  | 482 |  |  | 821 |
2025 | 20,275 |  |  | — |  |  | 324 |  |  | 612 |
Thereafter | 47,358 |  |  | — |  |  | — |  |  | — |
Total lease payments | $ | 261,258 |  |  | $ | 125 |  |  | $ | 2,623 |  |  | $ | 8,702 |
Less: Interest | (22,302) |  |  | (11) |  |  | (189) |  |  | (375) |
Present value of lease liabilities | $ | 238,956 |  |  | $ | 114 |  |  | $ | 2,434 |  |  | $ | 8,327 |
During 2018, net rental expense amounted to $360 million (including $2 million from discontinued operations).
Leases | Leases The following summarizes lease expense:
| Year Ended December 31, 2020 |  | Year Ended December 31, 2019
Lease Expense / (Sublease Income) | Continuing Operations |  | Discontinued Operations |  | Continuing Operations |  | Discontinued Operations
(in thousands) |  |  |  |  |  |  |
Operating lease cost | $ | 83,938 |  |  | $ | 792 |  |  | $ | 90,591 |  |  | $ | 809 |
Finance lease cost |  |  |  |  |  |  |
Amortization of right-of-use assets | 651 |  |  | 676 |  |  | 1,394 |  |  | 27 |
Interest on lease liabilities | 23 |  |  | 117 |  |  | 65 |  |  | 2 |
Variable lease cost (1) | 7,415 |  |  | — |  |  | 19,231 |  |  | — |
Short-term lease cost | 92,161 |  |  | 24,900 |  |  | 119,737 |  |  | 43,807 |
Sublease income | (6,797) |  |  | (10,278) |  |  | (8,905) |  |  | (25,832) |
Total lease expense | $ | 177,391 |  |  | $ | 16,207 |  |  | $ | 222,113 |  |  | $ | 18,813 |
(1)Primarily relates to rent escalation due to cost of living indexation and payments for property taxes, insurance or common area maintenance based on actual assessments. Information related to our right-of use assets and lease liabilities follows:
|  | December 31, 2020 |  | December 31, 2019
Lease Assets / Liabilities | Balance Sheet Classification | Cont Ops |  | Disc Ops |  | Cont Ops |  | Disc Ops
(in thousands) |  |  |  |  |  |  |  |
Right-of-use assets |  |  |  |  |  |  |  |
Operating lease assets | Other assets | $ | 215,134 |  |  | $ | — |  |  | $ | 259,169 |  |  | $ | — |
Operating lease assets | Current assets held for sale | — |  |  | 2,434 |  |  | 13,123 |  |  | 3,259 |
Finance lease assets | Other assets | 400 |  |  | — |  |  | 937 |  |  | — |
Finance lease assets | Current assets held for sale | — |  |  | 9,069 |  |  | — |  |  | 181 |
Total right-of-use assets |  | $ | 215,534 |  |  | $ | 11,503 |  |  | $ | 273,229 |  |  | $ | 3,440 |
Lease liabilities |  |  |  |  |  |  |  |
Operating lease liabilities, current | Other accrued liabilities | $ | 62,180 |  |  | $ | — |  |  | $ | 65,961 |  |  | $ | — |
Operating lease liabilities, noncurrent | Noncurrent liabilities | 176,776 |  |  | — |  |  | 219,146 |  |  | — |
Operating lease liabilities | Current liabilities held for sale | — |  |  | 2,434 |  |  | 13,228 |  |  | 3,180 |
Finance lease liabilities, current | Other accrued liabilities | 114 |  |  | — |  |  | 906 |  |  | — |
Finance lease liabilities, noncurrent | Noncurrent liabilities | — |  |  | — |  |  | 8 |  |  | — |
Finance lease liabilities | Current liabilities held for sale | — |  |  | 8,327 |  |  | — |  |  | 191 |
Total lease liabilities |  | $ | 239,070 |  |  | $ | 10,761 |  |  | $ | 299,249 |  |  | $ | 3,371 |
Supplemental information related to our leases follows:
| Year Ended December 31, 2020 |  | Year Ended December 31, 2019
| Cont Ops | Disc Ops |  | Cont Ops | Disc Ops
(in thousands) |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 89,649 |  | $ | 780 |  |  | $ | 91,308 | $ | 787
Operating cash flows from finance leases | 23 |  | 117 |  |  | 65 | 3
Financing cash flows from finance leases | 761 |  | 1,365 |  |  | 1,547 | 25
Right-of-use assets obtained in exchange for new operating lease liabilities | 20,471 |  | — |  |  | 96,984 | 546
Right-of-use assets obtained in exchange for new finance lease liabilities | — |  | 8,663 |  |  | — | 222
Weighted-average remaining lease term - operating leases | 6.1 years | 4.3 years |  | 6.5 years | 4.8 years
Weighted-average remaining lease term - finance leases | 2.1 years | 5.0 years |  | 2.2 years | 3.5 years
Weighted-average discount rate - operating leases | 3.04 | % | 3.47 | % |  | 3.34 | % | 3.50 | %
Weighted-average discount rate - finance leases | 3.39 | % | 2.72 | % |  | 3.38 | % | 2.64 | %
The remaining lease payments under our operating and finance leases follows:
| Cont Ops |  | Disc Ops
Year Ended December 31, | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
(in thousands) |  |  |  |  |  |  |
2021 | $ | 68,649 |  |  | $ | 8 |  |  | $ | 654 |  |  | $ | 2,927 |
2022 | 55,736 |  |  | 55 |  |  | 609 |  |  | 2,906 |
2023 | 41,029 |  |  | 62 |  |  | 554 |  |  | 1,436 |
2024 | 28,211 |  |  | — |  |  | 482 |  |  | 821 |
2025 | 20,275 |  |  | — |  |  | 324 |  |  | 612 |
Thereafter | 47,358 |  |  | — |  |  | — |  |  | — |
Total lease payments | $ | 261,258 |  |  | $ | 125 |  |  | $ | 2,623 |  |  | $ | 8,702 |
Less: Interest | (22,302) |  |  | (11) |  |  | (189) |  |  | (375) |
Present value of lease liabilities | $ | 238,956 |  |  | $ | 114 |  |  | $ | 2,434 |  |  | $ | 8,327 |
During 2018, net rental expense amounted to $360 million (including $2 million from discontinued operations).

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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