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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2022
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):
|  |  |  | December 31,
Leases |  | Balance Sheet Classification |  | 2022 |  | 2021
Assets: |  |  |  |  |  |
Operating |  | Operating lease assets |  | $ | 249.1 |  |  | $ | 267.8 |
Finance |  | Property and equipment, net |  | 221.4 |  |  | 169.1 |
Total |  |  |  | $ | 470.5 |  |  | $ | 436.9 |
Liabilities: |  |  |  |  |  |
Current: |  |  |  |  |  |
Operating |  | Current operating lease liabilities |  | $ | 21.8 |  |  | $ | 25.9 |
Finance |  | Current maturities of long-term debt |  | 18.8 |  |  | 8.4 |
Noncurrent: |  |  |  |  |  |
Operating |  | Operating lease liabilities, net of current portion |  | 238.4 |  |  | 256.6 |
Finance |  | Long-term debt, net of current maturities |  | 201.6 |  |  | 164.3 |
Total |  |  |  | $ | 480.6 |  |  | $ | 455.2 |
Components of lease expense |
|  |  |  | Years Ended December 31,
Lease Expense |  | Income Statement Classification |  | 2022 |  | 2021 |  | 2020
Operating |  | Selling, general and administrative expenses |  | $ | 42.4 |  |  | $ | 35.1 |  |  | $ | 32.5 |
Operating |  | Asset impairments |  | — |  |  | — |  |  | 1.8 |
Variable |  | Selling, general and administrative expenses |  | 4.5 |  |  | 3.3 |  |  | 2.7 |
Sublease income |  | Selling, general and administrative expenses |  | (2.3) |  |  | (1.9) |  |  | (1.3) |
Finance: |  |  |  |  |  |  |  |
Amortization of lease assets |  | Depreciation and amortization expense |  | 9.1 |  |  | 7.3 |  |  | 6.3 |
Interest on lease liabilities |  | Other interest expense, net |  | 8.2 |  |  | 7.2 |  |  | 7.0 |
Net lease expense |  |  |  | $ | 61.9 |  |  | $ | 50.9 |  |  | $ | 48.9 |
Maturities of operating lease liabilities |
|  | December 31, 2022
Maturities of Lease Liabilities |  | Operating Leases |  | Finance Leases
2023 |  | $ | 33.7 |  |  | $ | 28.6 |
2024 |  | 35.0 |  |  | 30.8 |
2025 |  | 33.0 |  |  | 40.2 |
2026 |  | 30.3 |  |  | 43.6 |
2027 |  | 28.8 |  |  | 47.8 |
Thereafter |  | 218.8 |  |  | 93.0 |
Total lease payments |  | 379.5 |  |  | 284.0 |
Less: lease payments representing interest |  | (119.3) |  |  | (63.6) |
Present value of lease liabilities |  | $ | 260.2 |  |  | $ | 220.4 |
Maturities of finance lease liabilities |
|  | December 31, 2022
Maturities of Lease Liabilities |  | Operating Leases |  | Finance Leases
2023 |  | $ | 33.7 |  |  | $ | 28.6 |
2024 |  | 35.0 |  |  | 30.8 |
2025 |  | 33.0 |  |  | 40.2 |
2026 |  | 30.3 |  |  | 43.6 |
2027 |  | 28.8 |  |  | 47.8 |
Thereafter |  | 218.8 |  |  | 93.0 |
Total lease payments |  | 379.5 |  |  | 284.0 |
Less: lease payments representing interest |  | (119.3) |  |  | (63.6) |
Present value of lease liabilities |  | $ | 260.2 |  |  | $ | 220.4 |
Supplemental cash flow information related to leases |
|  | Years Ended December 31,
Weighted-Average Lease Term and Discount Rate |  | 2022 |  | 2021 |  | 2020
Weighted-average remaining lease terms: |  |  |  |  |  |
Operating |  | 13.6 |  | 12.0 |  | 11.7
Finance |  | 17.2 |  | 17.1 |  | 15.6
Weighted-average discount rates: |  |  |  |  |  |
Operating |  | 5.1 | % |  | 4.8 | % |  | 5.6 | %
Finance |  | 5.1 | % |  | 4.9 | % |  | 6.2 | %
|  | Years Ended December 31,
Other Information |  | 2022 |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows used in operating leases |  | $ | 42.2 |  |  | $ | 36.2 |  |  | $ | 33.8 |
Operating cash flows used in finance leases |  | $ | 8.2 |  |  | $ | 7.2 |  |  | $ | 7.0 |
Financing cash flows used in finance leases |  | $ | 9.1 |  |  | $ | 10.9 |  |  | $ | 5.5 |
ROU assets obtained in exchange for lease obligations: |  |  |  |  |  |
Operating leases, initial recognition |  | $ | 12.9 |  |  | $ | 77.8 |  |  | $ | 3.4 |
Operating leases, modifications and remeasurements |  | $ | 25.0 |  |  | $ | 9.4 |  |  | $ | 9.6 |
Finance leases, initial recognition |  | $ | 39.3 |  |  | $ | 63.8 |  |  | $ | 15.6 |
Finance leases, modifications and remeasurements |  | $ | 23.1 |  |  | $ | (4.5) |  |  | $ | 31.8 |

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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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + 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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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