Leases

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Leases

4. Leases

Leases (in millions)	March 31, 2021		December 31, 2020
Assets
Operating lease right-of-use assets	$	246.4	$	276.0
Liabilities
Current
Current operating lease liabilities	$	108.1	$	114.2
Noncurrent
Operating lease liabilities		148.5		172.6
Total lease liabilities	$	256.6	$	286.8

	Three Months
Lease Cost (in millions)	2021		2020
Operating lease cost(a)	$	36.9	$	43.1
Short-term cost(b)		9.6		2.0
Variable lease cost(b)	2.5		2.4
Total lease cost	$	49.0	$	47.5

(a) Operating lease cost represents non-cash amortization of ROU assets and accretion of the discounted lease liabilities and is segregated on the statement of consolidated cash flows.

(b) These costs are classified and recorded primarily within purchased transportation.

Remaining Maturities of Lease Liabilities (in millions)	Operating Leases
2021 - remaining portion	$	103.0
2022		95.1
2023		53.0
2024		23.0
2025		10.8
After 2025		26.9
Total lease payments	$	311.8
Less: imputed interest		55.2
Present value of lease liabilities	$	256.6

Lease Term and Discount Rate (years and percent)	Weighted-Average Remaining Lease Term		Weighted-Average Discount Rate
Operating leases		3.2	12.0%

	Three Months
Other Information (in millions)	2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	37.2	$	38.0
Leased assets obtained in exchange for new operating lease liabilities	$	0.6	$	3.7