LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Assets and Liabilities, Lessee [Table Text Block]

The table below presents the lease related assets and liabilities recorded on the Company’s Consolidated Balance Sheets as of December 31, 2020 and December 31, 2019:


(in millions)	Classification on the Balance Sheet	December 31, 2020		December 31, 2019
Assets
Operating lease assets - third party	Lease right of use assets - third party	$	836.3	$	306.1
Operating lease assets - affiliate	Lease right of use assets - affiliate	571.0		650.3
Finance lease assets	Lease right of use assets - third party	80.4		24.2
Total lease right of use assets		$	1,487.7	$	980.6

Liabilities
Current liabilities:
Operating lease liabilities - third party	Current operating lease liabilities - third party	$	78.3	$	72.0
Operating lease liabilities - affiliate	Current operating lease liabilities - affiliate	85.6		79.2
Finance lease liabilities - third party	Accrued expenses	14.4		6.5
Noncurrent liabilities:
Operating lease liabilities - third party	Long-term operating lease liabilities - third party	755.9		232.9
Operating lease liabilities - affiliate	Long-term operating lease liabilities - affiliate	485.4		571.1
Finance lease liabilities - third party	Long-term financing lease liabilities - third party	68.3		18.4
Total lease liabilities		$	1,487.9	$	980.1

Lease, Cost [Table Text Block]

The table below presents certain information related to costs for the Company’s leases for the year ended December 31, 2020 and December 31, 2019:


Lease Costs (in millions)	December 31, 2020		December 31, 2019
Components of total lease costs:
Finance lease costs
Amortization of lease right of use assets	$	14.0	$	2.0
Interest on lease liabilities	4.3		0.8
Operating lease costs	291.2		239.6
Short-term lease costs	92.3		89.2
Variable lease costs	31.1		31.6
Total lease costs	$	432.9	$	363.2

Cash Flow, Lessee [Table Text Block]

The table below presents supplemental cash flow information related to leases for the year ended December 31, 2020 and December 31, 2019 (in millions):


	Years Ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	292.4	$	241.1
Operating cash flows for finance leases	4.3		0.8
Financing cash flows for finance leases	12.4		1.4
Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets	702.0		340.2

Lease Term and Discount Rate

The table below presents certain information related to the weighted average remaining lease term and weighted average discount rate for the Company’s leases as of December 31, 2020:


Weighted average remaining lease term - operating leases	10.6 years
Weighted average remaining lease term - finance leases	7.1 years

Weighted average discount rate - operating leases	9.1	%
Weighted average discount rate - finance leases	5.5	%

Lessee, Liability, Maturity [Table Text Block]

The table below reconciles the fixed component of the undiscounted cash flows for each of the periods presented to the lease liabilities recorded on the Consolidated Balance Sheets as of December 31, 2020:


Amounts due in the year ended December 31, (in millions)	Finance Leases		Operating Leases
2021	$	18.6	$	282.1
2022	12.8		261.3
2023	12.8		239.1
2024	12.8		237.7
2025	11.4		197.3
Thereafter	31.7		1,027.7
Total minimum lease payments	100.1		2,245.2
Less: effect of discounting	17.4		840.0
Present value of future minimum lease payments	82.7		1,405.2
Less: current obligations under leases	14.4		163.9
Long-term lease obligations	$	68.3	$	1,241.3