LEASES (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Assets and Liabilities, Lessee

The table below presents the lease related assets and liabilities recorded on the Company’s Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021:

(in millions)	Classification on the Balance Sheet	December 31, 2022		December 31, 2021
Assets
Operating lease assets - third party	Lease right of use assets - third party	$	610.9	$	635.8
Operating lease assets - affiliate	Lease right of use assets - affiliate	421.6		485.4
Finance lease assets	Lease right of use assets - third party	67.4		81.2
Total lease right of use assets		$	1,099.9	$	1,202.4
Liabilities
Current liabilities:
Operating lease liabilities - third party	Current operating lease liabilities - third party	$	60.5	$	64.8
Operating lease liabilities - affiliate	Current operating lease liabilities - affiliate	104.5		90.7
Finance lease liabilities - third party	Accrued expenses	11.7		11.1
Noncurrent liabilities:
Operating lease liabilities - third party	Long-term operating lease liabilities - third party	551.8		570.3
Operating lease liabilities - affiliate	Long-term operating lease liabilities - affiliate	317.2		394.7
Finance lease liabilities - third party	Long-term financing lease liabilities - third party	57.9		70.6
Total lease liabilities		$	1,103.6	$	1,202.2

Lease, Cost

The table below presents certain information related to costs for the Company’s leases for the year ended December 31, 2022 and December 31, 2021:

Lease Costs (in millions)	December 31, 2022		December 31, 2021
Components of total lease costs:
Finance lease costs
Amortization of right of use assets	$	12.6	$	16.1
Interest on lease liabilities	5.3		4.6
Operating lease costs	301.5		299.1
Short-term lease costs	88.0		59.3
Variable lease costs	52.4		31.6
Total lease costs	$	459.8	$	410.7

Cash Flow, Lessee

The table below presents supplemental cash flow information related to leases for the year ended December 31, 2022 and December 31, 2021 (in millions):

	Years Ended December 31,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	300.5	$	297.9
Operating cash flows for finance leases	5.3		4.6
Financing cash flows for finance leases	11.3		17.8
Supplemental non-cash quantification of assets acquired or remeasured under operating and financing leases	82.8		(106.6)

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, 2022:

Weighted average remaining lease term - operating leases	9.4 years
Weighted average remaining lease term - finance leases	5.6 years
Weighted average discount rate - operating leases	13.6	%
Weighted average discount rate - finance leases	7.2	%

Lessee, Liability, Maturity

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, 2022:

Amounts due in the year ended December 31, (in millions)	Finance Leases		Operating Leases
2023	$	16.1	$	282.6
2024	15.5		262.4
2025	13.9		213.7
2026	13.6		176.8
2027	13.6		105.7
Thereafter	11.5		823.4
Total minimum lease payments	84.2		1,864.6
Less: effect of discounting	14.6		830.6
Present value of future minimum lease payments	69.6		1,034.0
Less: current obligations under leases	11.7		165.0
Long-term lease obligations	$	57.9	$	869.0

Finance Lease, Liability, Fiscal Year Maturity

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, 2022:

Amounts due in the year ended December 31, (in millions)	Finance Leases		Operating Leases
2023	$	16.1	$	282.6
2024	15.5		262.4
2025	13.9		213.7
2026	13.6		176.8
2027	13.6		105.7
Thereafter	11.5		823.4
Total minimum lease payments	84.2		1,864.6
Less: effect of discounting	14.6		830.6
Present value of future minimum lease payments	69.6		1,034.0
Less: current obligations under leases	11.7		165.0
Long-term lease obligations	$	57.9	$	869.0