XML 58 R38.htm IDEA: XBRL DOCUMENT v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Components of operating and finance leases Additional information regarding the Company’s operating and finance leases is as follows (in millions, except for lease term and discount rate information):
LeasesBalance Sheet ClassificationDecember 31, 2020December 31, 2019
Assets:
OperatingOperating lease assets$209.9 $220.1 
FinanceProperty and equipment, net117.8 75.5 
Total$327.7 $295.5 
Liabilities:
Current:
OperatingCurrent operating lease liabilities$21.5 $24.6 
FinanceCurrent maturities of long-term debt9.4 6.6 
Noncurrent:
OperatingOperating lease liabilities, net of current portion207.6 210.7 
FinanceLong-term debt, net of current maturities115.5 76.3 
Total$353.9 $318.3 
Components of lease expense
Lease ExpenseIncome Statement ClassificationYear Ended December 31, 2020Year Ended December 31, 2019
OperatingSelling, general and administrative expenses$35.3 $40.1 
Operating Asset impairments 2.0 1.4 
VariableSelling, general and administrative expenses2.8 2.3 
Sublease income Selling, general and administrative expenses(1.3)(1.5)
Finance:
Amortization of lease assetsDepreciation and amortization expense6.3 5.5 
Interest on lease liabilitiesOther interest expense, net7.0 4.8 
Net lease expense$52.1 $52.6 
Maturities of operating lease liabilities
December 31, 2020
Maturities of Lease LiabilitiesOperating LeasesFinance Leases
2021$33.4 $16.2 
202233.3 12.8 
202331.0 11.5 
202426.6 25.2 
202524.1 33.9 
Thereafter182.0 71.2 
Total lease payments330.3 170.8 
Less: lease payments representing interest
(101.2)(45.9)
Present value of lease liabilities$229.1 $124.9 
Maturities of finance lease liabilities
December 31, 2020
Maturities of Lease LiabilitiesOperating LeasesFinance Leases
2021$33.4 $16.2 
202233.3 12.8 
202331.0 11.5 
202426.6 25.2 
202524.1 33.9 
Thereafter182.0 71.2 
Total lease payments330.3 170.8 
Less: lease payments representing interest
(101.2)(45.9)
Present value of lease liabilities$229.1 $124.9 
Supplemental cash flow information related to leases
Weighted-Average Lease Term and Discount Rate December 31, 2020December 31, 2019
Weighted-average remaining lease terms:
Operating
12.8
11.0
Finance
15.9
11.8
Weighted-average discount rates:
Operating5.6 %6.1 %
Finance6.2 %7.2 %
Other InformationDecember 31, 2020December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
  Operating cash flows used in operating leases$35.2 $41.6 
  Operating cash flows used in finance leases$7.0 $4.8 
  Financing cash flows used in finance leases$6.3 $3.8 
ROU assets obtained in exchange for lease obligations:
Operating leases, initial recognition$4.3 $34.0 
Operating leases, modifications and remeasurements$9.7 $(9.1)
Finance leases, initial recognition$15.7 $29.6 
Finance leases, modifications and remeasurements$31.8 $8.2