XML 53 R36.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease costs and other information related to leases
We recognized the following total lease cost related to our lease arrangements (in millions):
Year Ended December 31,
202220212020
Finance lease cost:
Amortization of right-of-use assets$4.2 $4.6 $3.1 
Interest on lease liabilities0.6 0.7 0.6 
Operating lease cost47.6 41.4 45.6 
Short-term lease cost22.6 24.6 25.5 
Variable lease cost6.9 6.8 6.4 
Sublease income(12.1)(4.8)(4.4)
Total lease cost$69.9 $73.3 $76.8 
Other information related to leases:
December 31,
20222021
Weighted average remaining lease term of finance leases (in years)5.05.6
Weighted average remaining lease term of operating leases (in years)8.56.9
Weighted average discount rate of finance leases3.6%3.4%
Weighted average discount rate of operating leases5.3%5.2%
Cash paid for amounts included in the measurement of lease liabilities (in millions):
Operating cash flows from finance leases$0.6$0.7
Operating cash flows from operating leases$49.1$44.8
Financing cash flows from finance leases$4.3$4.5
Noncash investing and financing lease activities (in millions):
Right of use assets obtained in exchange for new operating lease liability (1)
$83.2$45.9
Right of use assets obtained in exchange for new finance lease liability$0.6$6.8
(1)Includes $45.0 million of right of use assets recognized upon acquisition of Flyers, as discussed in Note 3. Acquisitions and Divestitures.
Remaining lease payments
As of December 31, 2022, our remaining lease payments were as follows (in millions):
Operating LeasesFinance Leases
2023$43.2 $4.2 
202434.8 3.1 
202530.2 3.1 
202624.9 3.0 
202720.7 2.0 
Thereafter94.1 1.5 
Total remaining lease payments (undiscounted)247.8 17.0 
Less: imputed interest47.7 1.5 
Present value of lease liabilities$200.1 $15.4 
Remaining lease payments
As of December 31, 2022, our remaining lease payments were as follows (in millions):
Operating LeasesFinance Leases
2023$43.2 $4.2 
202434.8 3.1 
202530.2 3.1 
202624.9 3.0 
202720.7 2.0 
Thereafter94.1 1.5 
Total remaining lease payments (undiscounted)247.8 17.0 
Less: imputed interest47.7 1.5 
Present value of lease liabilities$200.1 $15.4 
Supplemental balance sheet information related to leases
Supplemental balance sheet information related to leases (in millions):
December 31,
Classification20222021
Assets:
Operating lease assetsIdentifiable intangible and other non-current assets$188.5 $150.6 
Finance lease assetsProperty and equipment, net$14.8 $20.2 
Liabilities:
Operating lease liability - currentAccrued expenses and other current liabilities$35.9 $31.1 
Operating lease liability - long-termOther long-term liabilities$164.2 $133.8 
Finance lease liability - currentCurrent maturities of long-term debt$3.7 $4.6 
Finance lease liability - long-termLong-term debt$11.7 $16.6