LEASES (Tables)

12 Months Ended

Dec. 31, 2020

LEASES [Abstract]

Schedule of Lease Assets and Liabilities, Weighted-Average Lease Term and Discount Rate

in thousands	Classification on the Balance Sheet	2020	2019
Assets
Operating lease ROU assets	Operating lease right-of-use assets, net	$     482,513	$     441,656
Accumulated amortization		(59,385)	(33,467)
Finance lease assets	Property, plant & equipment, net	7,796	1,226
Accumulated amortization		(1,640)	(65)
Total lease assets		$     429,284	$     409,350
Liabilities
Current
Operating	Other current liabilities	$       36,969	$       29,971
Finance	Other current liabilities	2,047	430
Noncurrent
Operating	Operating lease liabilities	399,582	388,042
Finance	Other noncurrent liabilities	4,139	733
Total lease liabilities		$     442,737	$     419,176
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases		9.5	9.9
Finance leases		4.2	2.8
Weighted-average discount rate
Operating leases		3.6%	4.3%
Finance leases		1.4%	3.0%

Components of Lease Expense

in thousands	2020	2019
Lease Cost
Finance lease cost
Amortization of right-of-use assets	$        1,616	$             64
Interest on lease liabilities	(102)	(4)
Operating lease cost	58,489	56,546
Short-term lease cost 1	30,508	35,427
Variable lease cost	12,885	13,739
Sublease income	(2,682)	(3,108)
Total lease cost	$    100,714	$    102,664

¹ Our short-term leases cost includes the cost of leases with an initial term of one month or less.

Maturity Analysis on an Undiscounted Basis

	Operating	Finance
in thousands	Leases	Leases
Maturity of Lease Liabilities
2021	$       54,733	$         2,134
2022	48,225	1,986
2023	41,206	1,058
2024	36,141	779
2025	36,375	349
Thereafter	565,042	50
Total minimum lease payments	$     781,722	$         6,356
Less: Lease payments representing interest	345,171	170
Present value of future minimum lease payments	$     436,551	$         6,186
Less: Current obligations under leases	36,969	2,047
Long-term lease obligations	$     399,582	$         4,139