Leases (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Components of ROU Assets and Lease Liabilities

The components of ROU assets and lease liabilities and the classification on the Condensed Consolidated Balance Sheet as of September 30, 2021 (unaudited) and December 31, 2020 were as follows:

(millions)	Classification	September 30, 2021		December 31, 2020
Assets
Operating	Right-of-use assets	$	191.9	$	235.1
Finance	Leasehold improvements, equipment and construction in progress, net		24.6		28.8
Total leased assets		$	216.5	$	263.9
Liabilities
Current
Operating	Short-term lease liabilities	$	73.9	$	82.1
Finance	Current portion of long-term borrowings		6.9		7.8
Noncurrent
Operating	Long-term lease liabilities		193.9		243.4
Finance	Long-term borrowings, excluding current portion		15.6		20.5
Total lease liabilities		$	290.3	$	353.8

Schedule of Components of Lease Cost

The components of lease cost and classification in the Condensed Consolidated Statement of Income (Loss) for the three and nine months ended September 30, 2021 and 2020 (unaudited) were as follows:

		Three Months Ended				Nine Months Ended
(millions)	Classification	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Operating lease cost^(a)(b)	Cost of services - lease type contracts	$	17.0	$	6.3	$	44.3	$	67.1
Short-term lease^(a)	Cost of services - lease type contracts		4.3		4.7		13.2		18.9
Variable lease	Cost of services - lease type contracts		11.2		5.0		23.2		14.7
Operating lease cost			32.5		16.0		80.7		100.7
Finance lease cost
Amortization of leased assets	Depreciation and amortization		1.3		1.3		4.3		2.8
Interest on lease liabilities	Interest expense		0.2		0.3		0.8		0.8
Lease impairment	Lease impairment		3.5		0.3		3.6		94.5
Lease impairment	General and administrative expenses		—		1.3		—		1.3
Net lease cost		$	37.5	$	19.2	$	89.4	$	200.1

^(a)

Operating lease cost included in General and administrative expenses are related to leases for office space amounting to $1.1 million and $3.1 million for the three and nine months ended September 30, 2021, respectively, compared to $1.4 million and $4.4 million for the three and nine months ended September 30, 2020 respectively.

^(b)	Includes rent concessions amounting to $3.1 and $14.2 million for the three and nine months ended September 30, 2021 respectively, compared to $9.2 million and $18.1 for the three and nine months ended September 30, 2020, respectively.

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities, lease term, and discount rate information as of September 30, 2021 (unaudited) were as follows:

(millions)	Operating Leases Liabilities			Finance Leases Liabilities			Total
2021	$	22.3		$	2.0		$	24.3
2022		80.2			7.5			87.7
2023		60.2			5.4			65.6
2024		43.1			3.5			46.6
2025		30.7			1.7			32.4
After 2025		69.9			5.0			74.9
Total lease payments		306.4			25.1			331.5
Less: Imputed interest		38.6			2.6			41.2
Present value of lease liabilities	$	267.8		$	22.5		$	290.3
Weighted-average remaining lease term (years)		5.3			4.8
Weighted-average discount rate		5.0	%		4.3	%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the nine months ended September 30, 2021 and 2020 (unaudited) was as follows:

	Nine Months Ended
(millions)	September 30, 2021		September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows related to operating leases	$	71.6	$	97.4
Operating cash outflows related to interest on finance leases		0.8		0.8
Financing cash outflows related to finance leases		6.0		3.3
Leased assets obtained in exchange for new operating liabilities		6.9		13.1
Leased assets obtained in exchange for new finance lease liabilities		0.4		14.1