XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Leases (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Leases [Abstract] |
Operating lease assets and liabilities, lessee | The following table presents our operating lease assets and liabilities:
|  | As of
(in millions, except years and percentages) |  | March 31, 2024 |  | December 31, 2023
Operating lease assets |  | $ | 1,577.6 |  |  | $ | 1,591.9 |
Short-term operating lease liabilities |  | 185.6 |  |  | 180.9 |
Non-current operating lease liabilities |  | 1,400.8 |  |  | 1,417.4 |
Weighted-average remaining lease term |  | 10.9 years |  | 10.9 years
Weighted-average discount rate |  | 6.3 | % |  | 6.2 | %
Lease expenses, lessee | The components of our lease expenses were as follows:
|  |  |  | Three Months Ended
|  |  |  | March 31,
(in millions) |  |  |  |  |  | 2024 |  | 2023
Operating expenses(a) |  |  |  |  |  | $ | 121.2 |  |  | $ | 120.9 |
Selling, general and administrative expenses |  |  |  |  |  | 3.9 |  |  | 3.1 |
Variable costs(a) |  |  |  |  |  | 28.6 |  |  | 32.5 |
Cash paid for operating leases(b) |  |  |  |  |  | 142.5 |  |  | 137.7 |
Leased assets obtained in exchange for new operating lease liabilities |  |  |  |  |  | 60.5 |  |  | 172.1 |
(a)Includes an out-of-period adjustment of $5.2 million recorded in the first quarter of 2023 related to variable billboard property lease expenses (see Note 1. Description of Business and Basis of Presentation). (b)Includes amounts related to Canada. (See Note 11. Acquisitions and Dispositions: Dispositions: Canadian Business.)

X
- Definition Operating Assets And Liabilities, Lessee + References No definition available. + Details
Name: | out_OperatingAssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | out_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration