LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of Future Minimum Rental Receipts Expected Under Non-Cancellable Operating Lease Agreements

Future minimum rental receipts expected under non-cancellable operating lease agreements as of March 31, 2020 were as follows:

Fiscal Year	Amount (1)
Remainder of 2020	$	4,296.4
2021	5,519.8
2022	4,915.3
2023	4,734.1
2024	4,513.4
Thereafter	18,723.6
Total	$	42,702.6

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(1) Balances are translated at the applicable period-end exchange rate, which may impact comparability between periods.

Schedule of Information About Other Lease-related Balances

Information about other lease-related balances is as follows:

	As of
	March 31, 2020		December 31, 2019
Operating leases:
Right-of-use asset	$	6,968.3	$	7,357.4
Current portion of lease liability	$	476.8	$	494.5
Lease liability	6,137.8		6,510.4
Total operating lease liability	$	6,614.6	$	7,004.9

Components of Operating Lease Cost

The weighted-average remaining lease terms and incremental borrowing rates are as follows:

	As of
	March 31, 2020		December 31, 2019
Operating leases:
Weighted-average remaining lease term (years)	13.4		13.1
Weighted-average incremental borrowing rate	5.9	%	6.1	%

The following table sets forth the components of lease cost:

	Three Months Ended March 31,
	2020		2019
Operating lease cost	$	250.7	$	255.0
Variable lease costs not included in lease liability (1)	61.4		52.3

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(1) Includes property tax paid on behalf of the landlord.

Supplemental cash flow information is as follows:

	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(252.0)	$	(234.9)
Non-cash items:
New operating leases (1)	$	50.1	$	62.1
Operating lease modifications and reassessments (2)	$	96.9	$	30.1

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(1) Amount includes new operating leases and leases acquired in connection with acquisitions.

(2) Includes a $0.7 million reduction of the operating lease liability during the three months ended March 31, 2020.

Maturity of Operating Lease Liabilities

Maturities of operating lease liabilities as of March 31, 2020 were as follows:

Fiscal Year	Operating Lease (1)
Remainder of 2020	$	629.5
2021	827.7
2022	797.3
2023	765.4
2024	730.5
Thereafter	5,942.7
Total lease payments	9,693.1
Less amounts representing interest	(3,078.5)
Total lease liability	6,614.6
Less current portion of lease liability	(476.8)
Non-current lease liability	$	6,137.8

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(1) Balances are translated at the applicable period-end exchange rate, which may impact comparability between periods.