Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Lease Cost

The components of lease cost recorded in our consolidated statement of operations were as follows:

	2021		2020		2019
	(in millions)
Operating lease cost	$	33.9	$	23.1	$	12.0
Finance lease cost
Amortization of leased assets	51.9		51.2		49.8
Interest on lease liabilities	47.4		50.2		52.8
Variable lease cost	33.6		30.8		28.0
Sublease income	(0.4)		(4.0)		(6.4)
Net lease cost	$	166.4	$	151.3	$	136.2

Schedule of Components of Lease in Balance Sheets

Our leases are included on our consolidated balance sheets as follows:

	As of December 31,
	2021		2020
	(in millions)
Finance leases
Property and equipment, net	$	400.1	$	431.2
Total finance lease assets	$	400.1	$	431.2
Other current liabilities	$	46.9	$	42.5
Long-term finance lease liabilities	509.8		539.0
Total finance lease liabilities	$	556.7	$	581.5
Operating leases
Operating lease assets	$	330.3	$	325.6
Total operating lease assets	$	330.3	$	325.6
Other current liabilities	$	33.3	$	10.5
Long-term operating lease liabilities	377.4		350.5
Total operating lease liabilities	$	410.7	$	361.0

Schedule of Finance Lease, Liability, Maturity

Maturities of our finance and operating lease liabilities as of December 31, 2021 were as follows:

Year	Finance Leases		Operating Leases		Total
	(in millions)
2022	$	87.9	$	41.9	$	129.8
2023	93.2		42.0		135.2
2024	97.6		38.6		136.2
2025	95.9		35.7		131.6
2026	94.2		33.7		127.9
Thereafter	327.4		290.3		617.7
Total lease payments	796.2		482.2		1,278.4
Less: tenant allowance	—		(6.5)		(6.5)
Less: amount representing interest	(239.5)		(65.0)		(304.5)
Present value of lease liabilities	$	556.7	$	410.7	$	967.4

Schedule of Operating Lease, Liability, Maturity

Maturities of our finance and operating lease liabilities as of December 31, 2021 were as follows:

Year	Finance Leases		Operating Leases		Total
	(in millions)
2022	$	87.9	$	41.9	$	129.8
2023	93.2		42.0		135.2
2024	97.6		38.6		136.2
2025	95.9		35.7		131.6
2026	94.2		33.7		127.9
Thereafter	327.4		290.3		617.7
Total lease payments	796.2		482.2		1,278.4
Less: tenant allowance	—		(6.5)		(6.5)
Less: amount representing interest	(239.5)		(65.0)		(304.5)
Present value of lease liabilities	$	556.7	$	410.7	$	967.4

Schedule of Weighted-Average Remaining Lease Terms and Discount Rates

The weighted-average remaining lease terms and discount rates related to our leases were as follows:

	As of December 31,
	2021		2020
Weighted-average remaining lease term (in years)
Finance leases	10.73		11.58
Operating leases	12.81		14.10
Weighted-average discount rate
Finance leases	8.11	%	8.36	%
Operating leases	2.19	%	2.28	%

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information related to our leases was as follows:

	2021		2020		2019
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	21.5	$	16.3	$	10.7
Operating cash flows from finance leases	$	46.2	$	48.9	$	50.5
Financing cash flows from finance leases	$	47.0	$	42.3	$	39.2
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	36.3	$	293.6	$	34.6
Finance leases	$	—	$	33.1	$	—