Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases

Summary of net operating lease cost

	Three Months Ended		Three Months Ended
	March 31, 2021		March 31, 2020
Lease Cost
Operating lease cost (1)	$	61.5	$	60.0
Sublease income		(6.3)		(6.4)
Total lease cost	$	55.2	$	53.6

(1) Includes short-term leases and variable lease costs, which are immaterial.

Summary of supplemental cash flow information related to operating leases and weighted average remaining lease term and discount rate of leases

	Three Months Ended		Three Months Ended
	March 31, 2021		March 31, 2020
Other Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	62.0	$	56.5
Right-of-use assets obtained in exchange for operating lease liabilities		47.5		1.1

Supplemental balance sheet information related to the weighted average remaining lease term and discount rate of our leases is as follows:

	March 31, 2021		December 31, 2020
Lease Term and Discount Rate
Weighted-average remaining lease term - operating leases		25 Years	25 years
Weighted-average discount rate - operating leases		6.5%	6.4%

Schedule of maturity of lease liabilities

Maturity of Lease Liabilities	March 31, 2021
2021 (1)	$	250.4
2022		245.8
2023		237.9
2024		231.2
2025		226.9
2026		216.8
2027 and thereafter		3,960.6
Total future minimum lease payments	$	5,369.6
Less: Imputed interest		(2,923.9)
Present value of future minimum lease payments	$	2,445.7
Current operating lease liabilities (2)	$	96.4
Long-term operating lease liabilities		2,349.3
Total operating lease liabilities	$	2,445.7

(1) Excludes the three months ended March 31, 2021.

(2) Included within “Accrued expenses and other current liabilities” on Consolidated Condensed Balance Sheet as of March 31, 2021.