Leases

6 Months Ended

Jun. 30, 2022

6. Leases

Lessee Disclosures

The Company primarily leases real estate for offices, retail stores and central offices, as well as equipment, cell towers and fleet vehicles. Upon adoption of ASC 842, the Company elected not to recognize leases with terms of one-year or less on the balance sheet.

Supplemental balance sheet information related to the Company's leases is as follows:

(dollars in millions)	Balance Sheet Location	June 30, 2022		December 31, 2021
Operating lease assets, net of amortization	Operating lease right-of-use assets	$	68.8	$	44.3
Finance lease assets, net of amortization	Property, plant and equipment, net		9.3		10.7
Operating lease liabilities:
Current operating lease liabilities	Other current liabilities		11.7		9.6
Noncurrent operating lease liabilities	Operating lease liabilities		62.5		40.2
Total operating lease liabilities			74.2		49.8
Finance lease liabilities:
Current finance lease liabilities	Current portion of long-term debt		7.5		7.2
Noncurrent finance lease liabilities	Long-term debt, less current portion		39.6		42.3
Total finance lease liabilities		$	47.1	$	49.5

Supplemental cash flow information related to leases is as follows:

	Successor		Predecessor
(dollars in millions)	Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	1.6	$	2.1
Operating cash flows from operating leases	$	5.8	$	5.5
Financing cash flows from finance leases	$	4.6	$	6.4
Right-of-use assets obtained in exchange for lease obligations:
New operating leases	$	7.9	$	2.9
New finance leases	$	2.1	$	2.0