Leases (Tables)

12 Months Ended

Dec. 31, 2021

Supplemental balance sheet disclosure leases

The components of lease assets and liabilities were as follows:


		December 31,
(In millions)	Balance sheet classification	2021		2020
Assets:
Operating lease assets	Right-of-use assets, net	$	299.1	$	322.0
Finance lease assets	Property and equipment, net	206.5		169.5
Total leased assets		$	505.6	$	491.5

Liabilities:
Current:
Operating	Accrued liabilities	$	77.3	$	77.2
Financing	Current maturities of long-term debt	43.0		37.5
Noncurrent:
Operating	Lease liabilities	241.8		267.2
Financing	Long-term debt	135.5		113.9
Total lease liabilities		$	497.6	$	495.8

Lease expenses

The components of lease expense were as follows:


	Years Ended December 31,
(In millions)	2021		2020		2019

Operating lease cost(a)	$	149.4	$	131.4	$	97.2
Short-term lease cost	21.2		18.9		27.2
Finance lease cost:
Amortization of related assets	38.3		28.2		27.4
Interest on related liabilities	9.5		7.1		7.4
Total lease cost	$	218.4	$	185.6	$	159.2

(a)Includes variable lease costs, which are immaterial.

Other information leases

Other information related to leases was as follows:


	Years Ended December 31,
(In millions, except for lease term and discount rate)	2021			2020			2019

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	96.5		$	100.4		$	96.0
Operating cash flows from finance leases	9.5			7.1			7.4
Financing cash flows from finance leases	43.0			34.8			29.4
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	54.0			123.6			56.3
Finance leases	85.9			37.9			59.7

Weighted Average Remaining Lease Term

Operating leases	6.7 years			7.2 years			7.2 years
Finance leases	4.8 years			4.5 years			5.2 years

Weighted Average Discount Rate

Operating leases	6.4		%	6.6		%	6.9		%
Finance leases	4.4		%	4.9		%	4.9		%

Operating lease future minimum lease payments

As of December 31, 2021, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows:


(In millions)	Facilities		Vehicles		Other	Total

2022	$	68.9	10.5		14.4	93.8
2023	55.1		6.9		10.4	72.4
2024	46.0		2.8		7.0	55.8
2025	36.7		0.9		2.8	40.4
2026	29.7		0.5		0.5	30.7
Later years	104.7		0.3		—	105.0
Total Lease Payments	$	341.1	21.9		35.1	398.1
Less: Interest	75.5		1.2		2.3	79.0
Present value of lease liabilities	$	265.6	$	20.7	32.8	319.1

Financing lease minimum repayments

As of December 31, 2021, minimum repayments of long-term debt under financing leases were as follows:


(In millions)

2022	$	43.0
2023	41.4
2024	34.1
2025	26.0
2026	18.1
Later years	15.9
Total	$	178.5