Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Lease-Related Liabilities Recorded on the Balance Sheet

The table below presents the lease-related liabilities and finance lease ROU assets recorded on the Consolidated Balance Sheets:

(Dollars in millions)	December 31, 2020			December 31, 2019
Operating lease liabilities:
Current portion included in accrued liabilities	$	30.8		$	25.2
Noncurrent operating lease liabilities	246.7			238.5
Total operating lease liabilities	277.5			263.7
Finance lease liabilities:
Current portion included in current maturities of long-term debt	6.0			1.1
Long-term portion of lease liabilities in long-term debt	240.4			29.4
Total finance lease liabilities	246.4			30.5
Total lease liabilities	$	523.9		$	294.2
Finance lease right-of-use assets:
Total finance lease right-of-use assets 1	$	253.9
Weighted-average remaining lease term:
Operating leases	5 years
Finance leases	12 years
Weighted-average discount rate:
Operating leases	4.69		%
Finance leases	4.12		%

1 Finance lease right-of-use assets included in property and equipment, net of accumulated depreciation.

Schedule of Lease Costs

The components of lease costs, which were included in selling, general and administrative in our Consolidated Statements of Operations, were as follows:

	Year Ended December 31,
(Dollars in millions)	2020
Operating lease cost 1	$	41.6
Variable lease cost 2	3.1
Amortization of finance lease right-of-use assets	4.5
Interest on finance lease liabilities	3.4
Sublease income	(4.9)
Total lease costs	$	47.7

1 Includes short-term and month-to-month lease costs, which are immaterial.

2 Variable lease cost generally includes reimbursement for actual costs incurred by our lessors for common area maintenance, property taxes and insurance on leased real estate.

Schedule of Maturities of Operating Lease Liabilities

As of December 31, 2020, the maturities of our operating and finance lease liabilities were as follows:

(Dollars in millions)	Operating Lease Liabilities		Finance Lease Liabilities
Year Ending December 31,
2021	$	42.7	$	11.9
2022	40.6		25.7
2023	34.7		92.3
2024	29.4		13.3
2025	26.9		99.5
Thereafter	199.7		32.8
Total minimum lease payments	374.0		275.5
Less:
Present value adjustment	(96.5)		(29.1)
Total lease liabilities	$	277.5	$	246.4

Schedule of Maturities of Finance Lease Liabilities

As of December 31, 2020, the maturities of our operating and finance lease liabilities were as follows:

(Dollars in millions)	Operating Lease Liabilities		Finance Lease Liabilities
Year Ending December 31,
2021	$	42.7	$	11.9
2022	40.6		25.7
2023	34.7		92.3
2024	29.4		13.3
2025	26.9		99.5
Thereafter	199.7		32.8
Total minimum lease payments	374.0		275.5
Less:
Present value adjustment	(96.5)		(29.1)
Total lease liabilities	$	277.5	$	246.4