LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Assets And Liabilities, Lessee

Balance Sheet Presentation

		As of December 31,
Leases	Classification	2023		2022
		(In millions)
Assets:
Current
Operating	Assets held for sale	$	2.1	$	—
Non-Current
Operating	Operating lease right-of-use assets	241.8		235.4
Finance	Property and equipment, net	8.4		8.1
Total right-of-use assets		$	252.3	$	243.5
Liabilities:
Current
Operating	Current maturities of operating leases	$	26.2	$	23.6
Operating	Liabilities held for sale	0.2		—
Finance	Current maturities of long-term debt	—		—
Non-Current
Operating	Operating lease liabilities	222.1		218.4
Operating	Liabilities held for sale	1.9		—
Finance	Long-term debt	8.4		8.4
Total lease liabilities		$	258.8	$	250.4

Lease Term and Discount Rate, Lessee

Lease Term and Discount Rate

	As of December 31,
	2023		2022
Weighted Average Lease Term - Operating Leases	13.2 years		14.4 years
Weighted Average Lease Term - Finance Lease	36.7 years		37.7 years
Weighted Average Discount Rate - Operating Leases	4.9	%	4.7	%
Weighted Average Discount Rate - Finance Lease	4.4	%	4.4	%

Lease, Cost

The following table provides certain information related to the lease costs for finance and operating leases during the years ended December 31, 2023 and 2022.

	For the Year Ended December 31,
	2023		2022
	(In millions)
Finance lease cost (Interest)	$	0.4	$	0.4
Operating lease cost	36.2		38.1
Short-term lease cost	3.6		4.3
Variable lease cost	1.0		2.4
	$	41.3	$	45.1

Schedule of Cash Flow, Supplemental Disclosures

The following table presents supplemental cash flow information for leases during the years ended December 31, 2023 and 2022.

	For the Year Ended December 31,
	2023		2022
	(In millions)
Supplemental Cash Flow:
Cash paid for amounts included in the measurements of lease liabilities
Operating cash flows from finance lease	$	0.4	$	0.4
Operating cash flows from operating leases	36.2		38.1
Right-of-use assets obtained in exchange for new operating lease liabilities	35.0		6.2

Lessee, Operating Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities as of December 31, 2023, including leases related to liabilities associated with assets held for sale. 

	Finance		Operating
	(In millions)
2024	$	0.4	$	38.1
2025	0.4		35.5
2026	0.4		28.3
2027	0.4		25.0
2028	0.4		23.1
Thereafter	15.7		194.7
Total minimum lease payments	$	17.7	$	344.6
Less: Amount of lease payments representing interest	(9.4)		(94.1)
Present value of future minimum lease payments	$	8.4	$	250.5
Less: current obligations under leases (a)	—		(26.4)
Long-term lease obligation (b)	$	8.4	$	224.1

__________________________

(a) Includes $0.2 million of operating lease liabilities classified as liabilities associated with assets held for sale.

(b) Includes $1.9 million of operating lease liabilities classified as liabilities associated with assets held for sale.

Finance Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities as of December 31, 2023, including leases related to liabilities associated with assets held for sale. 

	Finance		Operating
	(In millions)
2024	$	0.4	$	38.1
2025	0.4		35.5
2026	0.4		28.3
2027	0.4		25.0
2028	0.4		23.1
Thereafter	15.7		194.7
Total minimum lease payments	$	17.7	$	344.6
Less: Amount of lease payments representing interest	(9.4)		(94.1)
Present value of future minimum lease payments	$	8.4	$	250.5
Less: current obligations under leases (a)	—		(26.4)
Long-term lease obligation (b)	$	8.4	$	224.1

__________________________

(a) Includes $0.2 million of operating lease liabilities classified as liabilities associated with assets held for sale.

(b) Includes $1.9 million of operating lease liabilities classified as liabilities associated with assets held for sale.