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Leases (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Sales-Type Lease, Revenue
Leasing revenue from sales-type leases is included in service revenues within the condensed consolidated statements of operations. Leasing revenue from sales-type leases consists of the selling price and interest income as follows (in millions):
Three Months Ended March 31,
20232022
Sales-type lease selling price(1)
$8.2 $7.1 
Cost of underlying assets(3.4)(3.3)
Operating profit$4.8 $3.8 
Interest income$1.3 $0.9 
Leasing revenue attributable to sales-type leases$9.5 $8.0 
(1) Selling price is equal to the present value of lease payments over the non-cancellable term of the licensing agreement.
Supplemental Balance Sheet Information Related to Leases
Leasing receivables related to our net investment in sales-type leases are as follows (in millions):
Balance Sheet LocationMarch 31, 2023December 31, 2022
Leasing receivables, net—short-termOther current assets$20.1 $17.5 
Leasing receivables, net—long-termOther assets59.8 57.5 
Total Leasing receivables$79.9 $75.0 

As of March 31, 2023, net maturities of sales-type lease receivables for the next five years and thereafter were as follows (in millions):
Sales-type Leases
Remainder of 2023$19.3 
202424.5 
202520.3 
202613.6 
20276.8 
Thereafter4.2 
Total future lease proceeds88.7 
Less: imputed interest8.8 
Total$79.9 
Supplemental balance sheet information related to leases is as follows (in millions):
Balance Sheet LocationMarch 31, 2023December 31, 2022
Operating Leases
Right-of-use (“ROU”) assets, netOperating lease ROU assets, net$1,411.3 $1,419.1 
Lease liabilities, short-termOperating lease liabilities, short-term$80.0 $76.4 
Lease liabilities, long-termOperating lease liabilities, long-term$1,430.9 $1,437.5 
Finance Leases
ROU assets, netOther assets$231.9 $215.7 
Lease liabilities, short-termAccounts payable and accrued expenses$1.6 $1.7 
Lease liabilities, long-termOther long-term liabilities $245.3 $225.9 
Supplemental balance sheet information related to DLF obligations is as follows (in millions):
Balance Sheet LocationMarch 31, 2023December 31, 2022
DLF obligations, short-termAccounts payable and accrued expenses$0.9 $2.4 
DLF obligations, long-termDeemed landlord financing obligations, long-term$707.5 $658.0 
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,
20232022
Operating lease costs$44.0 $37.4 
Financing lease costs:
Amortization of right-of-use assets1.9 0.6 
Interest on lease liabilities3.6 2.1 
Total financing lease costs5.5 2.7 
Variable lease costs2.5 1.9 
Total lease costs$52.0 $42.0 
Other information related to leases (in millions):
Three Months Ended March 31,
Supplemental Cash Flows Information20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$38.0 $39.8 
Operating cash flows from finance leases$1.2 $2.1 
Financing cash flows from finance leases$1.0 $0.1 
Lease liabilities arising from new ROU assets:
Operating leases$9.7 $— 
Finance leases$17.6 $30.0 
March 31, 2023December 31, 2022
Weighted average remaining lease term (years):
Operating leases16.416.6
Finance leases36.636.5
Weighted average discount rate:
Operating leases5.6 %5.6 %
Finance leases6.1 %6.1 %
The components of DLF obligation expenses are as follows (in millions):
Three Months Ended March 31,
20232022
Amortization of DLF obligations$5.1 $3.2 
Interest on DLF obligations15.2 10.1 
Total DLF contract expenses$20.3 $13.3 
Other information related to DLF obligations was as follows (in millions):
Three Months Ended March 31,
Supplemental Cash Flows Information20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from DLF obligations$8.6 $9.6 
Financing cash flows from DLF obligations$4.4 $— 
DLF obligations arising from new properties$45.7 $2.6 

March 31, 2023December 31, 2022
Weighted average remaining lease term (years)38.438.5
Weighted average discount rate8.9 %8.8 %
Future Minimum Operating Lease Obligations
Future minimum lease obligations as of March 31, 2023 were as follows (in millions):
Operating LeasesFinance Leases
Remainder of 2023$108.3 $8.0 
2024155.9 14.4 
2025151.0 14.9 
2026146.7 15.0 
2027145.6 15.2 
Thereafter1,723.6 567.1 
Total future lease payments2,431.1 634.6 
Less: imputed interest920.2 387.7 
Total$1,510.9 $246.9 
Future Minimum Financing Lease Obligations
Future minimum lease obligations as of March 31, 2023 were as follows (in millions):
Operating LeasesFinance Leases
Remainder of 2023$108.3 $8.0 
2024155.9 14.4 
2025151.0 14.9 
2026146.7 15.0 
2027145.6 15.2 
Thereafter1,723.6 567.1 
Total future lease payments2,431.1 634.6 
Less: imputed interest920.2 387.7 
Total$1,510.9 $246.9 
Future minimum financing obligations related to DLF obligations as of March 31, 2023 were as follows (in millions):
Remainder of 2023$36.6 
202456.4 
202556.8 
202657.8 
202759.0 
Thereafter2,708.4 
Total future lease payments2,975.0 
Less: imputed interest2,266.6 
Total$708.4