Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases

Summary of net operating lease cost

	Three Months Ended		Nine Months Ended
	September 30, 2019		September 30, 2019
Lease Cost
Operating lease cost (1)	$	60.8	$	184.8
Sublease income		(5.3)		(16.4)
Total lease cost	$	55.5	$	168.4

(1)Includes short-term leases and variable lease costs, which are immaterial.

Summary of supplemental cash flow information related to operating leases and weighted average remaining lease term and discount rate of leases

	Three Months Ended		Nine Months Ended
	September 30, 2019		September 30, 2019
Other Information
Gains on sale and leaseback transactions, net	$	—	$	(0.2)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		58.7		177.0
Right-of-use assets obtained in exchange for operating lease liabilities		96.8		99.1

	September 30, 2019
Lease Term and Discount Rate
Weighted-average remaining lease term - operating leases		25 years
Weighted-average discount rate - operating leases		6.4%

Schedule of maturity of lease liabilities

Maturity of Lease Liabilities
2019 (1)	$	61.3
2020		242.1
2021		236.5
2022		231.7
2023		224.0
2024		217.6
2025 and thereafter		4,301.3
Total future minimum lease payments	$	5,514.5
Less: Imputed interest		(3,091.1)
Present value of future minimum lease payments	$	2,423.4
Current operating lease liabilities (2)	$	88.7
Long-term operating lease liabilities		2,334.7
Total operating lease liabilities	$	2,423.4

(1)Excludes the nine months ended September 30, 2019.

(2)Included within “Accrued expenses and other current liabilities” on Consolidated Condensed Balance Sheet as of September 30, 2019.

Minimum future rental payments required under operating leases in effect as of December 31, 2018 are as follows:

2019	$	222.5
2020		220.5
2021		217.4
2022		216.0
2023		212.0
2024 and thereafter		4,344.4
Total future minimum lease payments	$	5,432.8