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Leases (Tables)

12 Months Ended

Dec. 31, 2023

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,
			2023						2022						2021
Finance lease cost:
Amortization of right-of-use assets			$	4.0					$	4.2					$	4.6
Interest on lease liabilities			0.7						0.6						0.7
Operating lease cost			44.8						47.6						41.4
Short-term lease cost			27.1						22.6						24.6
Variable lease cost			8.6						6.9						6.8
Sublease income			(14.5)						(12.1)						(4.8)
Total lease cost			$	70.6					$	69.9					$	73.3

Other information related to leases:

			December 31,
			2023						2022
Weighted average remaining lease term of finance leases (in years)			5.0						5.0
Weighted average remaining lease term of operating leases (in years)			8.5						8.5
Weighted average discount rate of finance leases			4.5%						3.6%
Weighted average discount rate of operating leases			5.5%						5.3%
Cash paid for amounts included in the measurement of lease liabilities (in millions):
Operating cash flows from finance leases			$	0.7					$	0.6
Operating cash flows from operating leases			$	46.2					$	49.1
Financing cash flows from finance leases			$	4.3					$	4.3
Noncash investing and financing lease activities (in millions):
Right of use assets obtained in exchange for new operating lease liability (1)			$	16.8					$	83.2
Right of use assets obtained in exchange for new finance lease liability			$	3.7					$	0.6

(1)Includes $45.0 million of right of use assets recognized upon acquisition of Flyers during the year ended December 31, 2022, as discussed in Note 3. Acquisitions.

Remaining lease payments

As of December 31, 2023, our remaining lease payments were as follows (in millions):

			Operating Leases						Finance Leases
2024			$	39.4					$	3.7
2025			32.1						3.7
2026			26.9						3.6
2027			22.6						2.5
2028			20.8						1.7
Thereafter			86.4						1.5
Total remaining lease payments (undiscounted)			228.2						16.8
Less: imputed interest			38.1						1.1
Present value of lease liabilities			$	190.1					$	15.7

Remaining lease payments

As of December 31, 2023, our remaining lease payments were as follows (in millions):

			Operating Leases						Finance Leases
2024			$	39.4					$	3.7
2025			32.1						3.7
2026			26.9						3.6
2027			22.6						2.5
2028			20.8						1.7
Thereafter			86.4						1.5
Total remaining lease payments (undiscounted)			228.2						16.8
Less: imputed interest			38.1						1.1
Present value of lease liabilities			$	190.1					$	15.7

Supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases (in millions):

									December 31,
			Classification						2023						2022
Assets:
Operating lease assets			Identifiable intangible and other non-current assets						$	180.5					$	188.5
Finance lease assets			Property and equipment, net						$	15.5					$	14.8
Liabilities:
Operating lease liability - current			Accrued expenses and other current liabilities						$	32.2					$	35.9
Operating lease liability - long-term			Other long-term liabilities						$	157.9					$	164.2
Finance lease liability - current			Current maturities of long-term debt						$	3.2					$	3.7
Finance lease liability - long-term			Long-term debt						$	12.4					$	11.7

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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- References

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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- Definition

Assets And Liabilities, Lessee [Table Text Block]

+ References

No definition available.

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