Leases

12 Months Ended

Dec. 31, 2021

10. Leases

The components of lease costs for operating leases for the years ended December 31, 2021, 2020 and 2019 was as follows (in millions):


	Year Ended December 31,
	2021			2020			2019
Operating lease costs	$	102.3		$	93.1		$	80.6
Short-term lease costs		7.2			5.7			16.6
Sublease income		(3.2	)		(3.4	)		(2.2	)
Variable lease costs		29.0			26.4			25.7

Total	$	135.3		$	121.8		$	120.7

The Company has a small population of subleases whereby it acts as a lessor and has recognized sublease income as noted in the table above. The impact of this portfolio is not material to the consolidated financial statements.

For the years ended December 31, 2021, 2020 and 2019, the Company recognized lease costs, net of sublease income, of $124.3 million, $110.2 million and $109.1 million, respectively, in Sales and marketing

expenses

and

$11.0 million, $11.6 million and $11.6 million, respectively, in General and administrative expenses in the consolidated statement

of operations.

Supplemental cash flow information related to leases was as follows (in millions):


	Year Ended December 31,
	2021		2020		2019
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows used in operating leases	$	106.3	$	92.0	$	53.3
Supplemental disclosure of non-cash leasing activities:
ROU assets obtained in exchange for new operating lease liabilities		137.1		66.3		193.5

The following table represents the weighted-average remaining lease term and discount rate for the Company’s operating leases:


	December 31,
	2021			2020
Weighted average remaining lease term (years)		6.7			7.3
Weighted average discount rate		4.2	%		4.7	%

Future undiscounted lease payments for the Company’s operating lease liabilities are as follows as of December 31, 2021 (in millions):


2022	$	103.8
2023		108.2
2024		98.3
2025		84.4
2026		72.8
Thereafter		187.8

Total future lease payments		655.3
Less: imputed interest		90.8

Present value of lease liabilities	$	564.5

As of December 31, 2021, the Company had additional operating leases that have not yet commenced with future undiscounted lease payments of approximately $82.0 million.