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Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Sales-Type Lease, Revenue Leasing revenue attributed to sales-type leases consists of the selling price and interest income as follows (in millions):
Three Months Ended March 31,
20222021
Sales-type lease selling price(1)
$7.1 $3.5 
Cost of underlying assets(3.3)(2.4)
Operating profit$3.8 $1.1 
Interest income$0.9 $0.4 
Leasing revenue attributable to sales-type leases$8.0 $3.9 
(1) Selling price is equal to the present value of lease payments over the non-cancellable term.
Supplemental Balance Sheet Information Related to Leases
Leasing receivables related to the Company’s net investment in sales-type leases are as follows (in millions):
Balance Sheet LocationMarch 31, 2022December 31, 2021
Leasing receivables, net - short-termOther current assets$13.4 $12.8 
Leasing receivables, net - long-termOther assets45.9 44.1 
$59.3 $56.9 
Supplemental balance sheet information related to leases is as follows (in millions):
Balance Sheet LocationMarch 31, 2022December 31, 2021
Operating Leases
ROU assets, netOperating lease right-of-use assets, net$1,359.3 $1,384.5 
Lease liabilities, short-termOperating lease liabilities, short-term$77.8 $72.3 
Lease liabilities, long-termOperating lease liabilities, long-term$1,356.2 $1,385.4 
Finance Leases
ROU assets, netOther assets$158.7 $129.5 
Lease liabilities, short-termAccounts payable and accrued expenses$1.8 $1.8 
Lease liabilities, long-termLong-term other$162.4 $132.5 
Supplemental balance sheet information related to DLF obligations is as follows (in millions):
Balance Sheet LocationMarch 31, 2022December 31, 2021
DLF obligation liabilities, short-termAccrued expenses$1.1 $0.9 
DLF obligation liabilities, long-termDeemed landlord financing, long-term$463.5 $460.6 
Components of Lease Expense and Other Information Related to Leases
The components of lease expense are as follows (in millions):
Three Months Ended March 31,
20222021
Operating lease costs$37.4 $20.5 
Financing lease costs:
Amortization of right-of-use assets0.6 0.3 
Interest on lease liabilities2.1 — 
Total financing lease costs2.7 0.3 
Variable lease costs1.9 0.6 
Total lease costs$42.0 $21.4 

Other information related to leases was as follows (in millions):
Three Months Ended March 31,
Supplemental Cash Flows Information20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$39.8 $18.9 
Operating cash flows from finance leases$2.1 $— 
Financing cash outflows from finance leases$0.1 $0.1 
Lease liabilities arising from new ROU assets:
Operating leases$— $28.4 
Finance leases$30.0 $— 
March 31, 2022December 31, 2021
Weighted average remaining lease term (years):
Operating leases15.714.1
Finance leases35.336.2
Weighted average discount rate:
Operating leases5.4 %5.3 %
Finance leases5.3 %5.3 %
The components of DLF obligation expenses are as follows (in millions):
Three Months Ended March 31,
20222021
Amortization of DLF obligations$3.2 $0.4 
Interest on DLF obligations10.1 1.5 
Total DLF contracts expenses$13.3 $1.9 
Payments on DLF obligations represent payments related to interest accretion for the three months ended March 31, 2022 and March 31, 2021.
Three Months Ended March 31,
Supplemental Cash Flows Information (in millions)20222021
Operating cash outflows from DLF obligations$9.6 $1.5 
Financing cash outflows from DLF obligations$— $0.2 

March 31, 2022December 31, 2021
Weighted average remaining lease term (years)38.839.0
Weighted average discount rate8.8 %9.2 %
Future Minimum Operating Lease Obligations
Future minimum lease obligations as of March 31, 2022 were as follows (in millions):
Operating LeasesFinance Leases
Remainder of 2022$104.2 $5.4 
2023143.5 9.7 
2024141.2 9.3 
2025138.8 9.0 
2026133.9 9.0 
Thereafter1,569.7 364.2 
Total future lease payments2,231.3 406.6 
Less: imputed interest797.3 242.4 
Total$1,434.0 $164.2 
Future Minimum Financing Lease Obligations
Future minimum lease obligations as of March 31, 2022 were as follows (in millions):
Operating LeasesFinance Leases
Remainder of 2022$104.2 $5.4 
2023143.5 9.7 
2024141.2 9.3 
2025138.8 9.0 
2026133.9 9.0 
Thereafter1,569.7 364.2 
Total future lease payments2,231.3 406.6 
Less: imputed interest797.3 242.4 
Total$1,434.0 $164.2 
Future minimum financing obligations related to DLF obligations as of March 31, 2022 were as follows (in millions):
Remainder of 2022$23.4 
202336.5 
202437.7 
202538.1 
202639.0 
Thereafter1,810.2 
Total future lease payments1,984.9 
Less: imputed interest1,520.3 
Total$464.6