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Leases (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Sales-Type Lease, Revenue consists of the selling price and interest income as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Sales-type lease selling price(1)
$11.4 $10.1 $18.5 $13.6 
Cost of underlying assets(5.4)(3.2)(8.7)(5.6)
Operating profit$6.0 $6.9 $9.8 $8.0 
Interest income$0.9 $0.9 $1.8 $1.3 
Leasing revenue attributable to sales-type leases$12.3 $11.0 $20.3 $14.9 
(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 LocationJune 30, 2022December 31, 2021
Leasing receivables, net - short-termOther current assets$14.4 $12.8 
Leasing receivables, net - long-termOther assets51.4 44.1 
$65.8 $56.9 
Supplemental balance sheet information related to leases is as follows (in millions):
Balance Sheet LocationJune 30, 2022December 31, 2021
Operating Leases
ROU assets, netOperating lease ROU assets, net$1,425.9 $1,384.5 
Lease liabilities, short-termOperating lease liabilities, short-term$70.2 $72.3 
Lease liabilities, long-termOperating lease liabilities, long-term$1,450.0 $1,385.4 
Finance Leases
ROU assets, netOther assets$157.1 $129.5 
Lease liabilities, short-termAccounts payable and accrued expenses$1.7 $1.8 
Lease liabilities, long-termOther long-term liabilities $163.9 $132.5 
Supplemental balance sheet information related to DLF obligations is as follows (in millions):
Balance Sheet LocationJune 30, 2022December 31, 2021
DLF obligations, short-termAccounts payable and accrued expenses$0.8 $0.9 
DLF obligations, long-termDeemed landlord financing obligations, long-term$504.6 $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 June 30,Six Months Ended June 30,
2022202120222021
Operating lease costs$48.4 $40.9 $85.8 $61.4 
Financing lease costs:
Amortization of right-of-use assets3.0 0.9 3.6 1.2 
Interest on lease liabilities2.1 — 4.2 — 
Total financing lease costs5.1 0.9 7.8 1.2 
Variable lease costs2.9 2.0 4.8 2.5 
Total lease costs$56.4 $43.8 $98.4 $65.1 
Other information related to leases was as follows (in millions):
Six Months Ended June 30,
Supplemental Cash Flows Information20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$72.7 $52.5 
Operating cash flows from finance leases$3.1 $0.3 
Financing cash flows from finance leases$0.2 $0.2 
Lease liabilities arising from new ROU assets:
Operating leases$26.3 $33.0 
Finance leases$30.6 $0.2 
June 30, 2022December 31, 2021
Weighted average remaining lease term (years):
Operating leases17.714.1
Finance leases35.136.2
Weighted average discount rate:
Operating leases5.5 %5.3 %
Finance leases5.3 %5.3 %
The components of DLF obligation expenses are as follows (in millions):
Three Months Ended
June 30, 2022		Three Months Ended
June 30, 2021		Six Months Ended
June 30, 2022		Six Months Ended
June 30, 2021
Amortization of DLF obligations$3.2 $1.3 $6.4 $1.7 
Interest on DLF obligations10.7 5.7 20.8 7.2 
Total DLF contract expenses$13.9 $7.0 $27.2 $8.9 
Payments on DLF obligations represent payments related to interest accretion for the six months ended June 30, 2022 and June 30, 2021.
Six Months Ended June 30,
Supplemental Cash Flows Information (in millions)20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from DLF obligations$15.7 $— 
Financing cash outflows from DLF obligations$— $8.8 
Lease liabilities arising from new ROU assets:
Operating DLF obligations$38.8 $70.2 

June 30, 2022December 31, 2021
Weighted average remaining lease term (years)38.739.0
Weighted average discount rate8.8 %9.2 %
Future Minimum Operating Lease Obligations
Future minimum lease obligations as of June 30, 2022 were as follows (in millions):
Operating LeasesFinance Leases
Remainder of 2022$73.5 $4.2 
2023146.1 9.8 
2024145.9 9.4 
2025143.2 9.1 
2026137.8 9.1 
Thereafter1,740.6 364.1 
Total future lease payments2,387.1 405.7 
Less: imputed interest866.9 240.1 
Total$1,520.2 $165.6 
Future Minimum Financing Lease Obligations
Future minimum lease obligations as of June 30, 2022 were as follows (in millions):
Operating LeasesFinance Leases
Remainder of 2022$73.5 $4.2 
2023146.1 9.8 
2024145.9 9.4 
2025143.2 9.1 
2026137.8 9.1 
Thereafter1,740.6 364.1 
Total future lease payments2,387.1 405.7 
Less: imputed interest866.9 240.1 
Total$1,520.2 $165.6 
Future minimum financing obligations related to DLF obligations as of June 30, 2022 were as follows (in millions):
Remainder of 2022$19.0 
202338.7 
202439.9 
202540.3 
202641.1 
Thereafter1,913.3 
Total future lease payments2,092.3 
Less: imputed interest1,586.9 
Total$505.4