XML 46 R32.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Components of Right-of-use Assets and Liabilities Related to Leases
The following table presents the components of the Company's right-of-use assets and liabilities related to leases and their classification in the consolidated balance sheets at December 31, 2021 and 2020 (in millions):
Classification in Consolidated Balance SheetsDecember 31, 2021December 31, 2020
Assets:
Operating lease assetsRight-of-use operating lease assets$324.1 $310.1 
Finance lease assetsProperty and equipment, net of accumulated depreciation329.6 258.1 
Total leased assets$653.7 $568.2 
Liabilities:
Operating lease liabilities:
CurrentOther current liabilities$40.1 $39.2 
Long-termRight-of-use operating lease liabilities315.6 300.9 
Total operating lease liabilities355.7 340.1 
Finance lease liabilities:
CurrentCurrent maturities of long-term debt19.0 18.9 
Long-termLong-term debt, less current maturities345.6 262.3 
Total finance lease liabilities364.6 281.2 
Total lease liabilities$720.3 $621.3 
The following table presents the weighted-average lease terms and discount rates at December 31, 2021 and 2020 (in millions):
December 31, 2021December 31, 2020
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Weighted-average remaining lease term8.8 years16.8 years8.9 years15.9 years
Weight average discount rate9.7 %8.7 %10.3 %9.2 %
Schedule of Lease Expense and Cash Flow Information
The following table presents the components of the Company's lease expense and their classification in the consolidated statement of operations for the years ended December 31, 2021 and 2020 (in millions):
December 31, 2021December 31, 2020
Operating lease costs$76.4 $74.1 
Finance lease costs:
Amortization of leased assets25.1 26.2 
Interest on lease liabilities27.4 22.2 
Total finance lease costs52.5 48.4 
Variable and short-term lease costs17.8 16.9 
Total lease costs$146.7 $139.4 
The following table presents supplemental cash flow information for the years ended December 31, 2021 and 2020 (dollars in millions):
December 31, 2021December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$74.3 $68.1 
Operating cash outflows from finance leases$26.5 $20.7 
Financing cash outflows from finance leases$20.1 $18.3 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$68.7 $62.1 
Finance leases$73.4 $47.0 
Schedule of Maturity of Operating Leases
Future maturities of lease liabilities at December 31, 2021 are presented in the following table (in millions):
Operating LeasesFinance Leases
2022$71.5 $48.5 
202368.3 45.0 
202464.7 40.4 
202557.7 38.4 
202651.4 36.3 
Thereafter218.7 496.3 
Total lease payments532.3 704.9 
Less: imputed interest(176.6)(340.3)
Total lease obligations$355.7 $364.6 
Schedule of Maturity of Finance Leases
Future maturities of lease liabilities at December 31, 2021 are presented in the following table (in millions):
Operating LeasesFinance Leases
2022$71.5 $48.5 
202368.3 45.0 
202464.7 40.4 
202557.7 38.4 
202651.4 36.3 
Thereafter218.7 496.3 
Total lease payments532.3 704.9 
Less: imputed interest(176.6)(340.3)
Total lease obligations$355.7 $364.6