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Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases  
Summary of net operating lease cost

Three Months Ended June 30,

Six Months Ended June 30,

    

2021

    

2020

    

2021

    

2020

Lease Cost

Operating lease cost (1)

$

62.8

$

60.5

$

124.3

$

120.5

Sublease income

(6.7)

(6.5)

(13.0)

(12.9)

Total lease cost

$

56.1

$

54.0

$

111.3

$

107.6

                              

(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

Six Months Ended

Six Months Ended

    

June 30, 2021

June 30, 2020

Other Information

Cash paid for amounts included in the measurement of lease liabilities

Operating cash flows from operating leases

124.6

114.3

Right-of-use assets obtained in exchange for operating lease liabilities

64.2

2.6

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

June 30, 2021

December 31, 2020

Lease Term and Discount Rate

Weighted-average remaining lease term - operating leases

24 years

25 years

Weighted-average discount rate - operating leases

6.2%

6.4%

Schedule of maturity of lease liabilities

Maturity of Lease Liabilities

June 30, 2021

2021 (1)

$

131.2

2022

    

249.4

2023

 

241.4

2024

 

234.7

2025

231.1

2026

221.2

2027 and thereafter

 

4,198.1

Total future minimum lease payments

$

5,507.1

Less: Imputed interest

(3,036.2)

Present value of future minimum lease payments

$

2,470.9

Current operating lease liabilities (2)

$

95.4

Long-term operating lease liabilities

2,375.5

Total operating lease liabilities

$

2,470.9

                                          

(1)Excludes the six months ended June 30, 2021.
(2)Included within “Accrued expenses and other current liabilities” on Consolidated Condensed Balance Sheet as of June 30, 2021.