Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

LEASES

Our operating leases with terms greater than one year are primarily related to buildings and land. Our operating leases with terms less than one year are primarily related to equipment. Most of our building and land leases have terms of 2 to 10 years and include one or more options to renew, with renewal terms that can extend the lease term from 1 to 5 years or more. Certain of our lease agreements include lease payments based on a percentage of net gaming revenue and others include rental payment adjustments periodically for inflation. The estimated discount rate for each of our leases is determined based on adjustments made to our secured debt borrowing rate.

The components of total lease cost were as follows:

(in millions)	Twelve Months Ended December 31, 2019
Short-term lease cost (a) (b)	$	14.3
Operating lease cost (b)	6.7
Total lease cost	$	21.0

(a)Includes leases with terms of one month or less

(b)Includes variable lease costs, which were not material

Other information related to operating leases was as follows:

(in millions)	Twelve Months Ended December 31, 2019
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities	$	5.2
ROUAs obtained in exchange for lease obligations	$	3.7

Lease Term and Discount Rate	December 31, 2019
Weighted average remaining lease term	6.5 years
Weighted average discount rate	3.9	%

As of December 31, 2019, the future undiscounted cash flows associated with the Company's operating lease liabilities were as follows:

(in millions)
Years Ended December 31,	Totals
2020	$	5.6
2021	5.1
2022	4.0
2023	3.4
2024	3.3
Thereafter	8.3
Total future minimum lease payments	29.7
Less: Imputed interest	3.5
Present value of lease liabilities	$	26.2
Reported lease liabilities as of December 31, 2019
Accrued expense and other current liabilities (current maturities of leases)	$	5.0
Other liabilities (non-current maturities of leases)	21.2
Present value of lease liabilities	$	26.2

As required by ASC 842, the future minimum operating lease payments on non-cancelable leases as of December 31, 2018 under the accounting standards in effect as of that period were as follows:

Years Ended December 31,
2019	$	5.0
2020	4.5
2021	3.8
2022	3.1
2023	3.0
Thereafter	11.2
Total	$	30.6