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LEASES (Tables)

12 Months Ended

Dec. 31, 2020

The components of lease cost for the years ended December 31, 2020 and 2019 are as follows (amounts in millions):


	For the Years Ended December 31,
	2020		2019
Operating lease cost:
Operating lease cost	$	38.6	$	35.0
Impairment of operating lease ROU assets	0.5		0.9
Total operating lease cost	39.1		35.9

Finance lease cost:
Amortization of ROU assets	2.0		1.7
Interest on lease liabilities	0.2		0.2
Total finance lease cost	2.2		1.9

Variable lease cost	3.0		2.6
Short-term lease cost	—		0.2

Total lease cost	$	44.3	$	40.6

Schedule of Operating Leases

Amounts reported in the consolidated balance sheets as of December 31, 2020 and 2019 for our operating leases are as follows (amounts in millions):


	As of December 31,
	2020		2019
Operating lease ROU assets	$	93.4	$	84.8

Current portion of operating lease liabilities	30.0		27.8
Operating lease liabilities, less current portion	62.0		56.1
Total operating lease liabilities	$	92.0	$	83.9

Schedule of Finance Leases

Amounts reported in the consolidated balance sheets as of December 31, 2020 and 2019 for finance leases are included in the table below. The finance lease ROU assets are recorded within property and equipment, net of accumulated depreciation within our consolidated balance sheets. The finance lease liabilities are recorded within current portion of long-term obligations and long-term obligations, less current portion within our consolidated balance sheets.


	As of December 31,
	2020		2019
Finance lease ROU assets	$	5.9	$	5.2
Accumulated amortization	(3.3)		(1.8)
Finance lease ROU assets, net	$	2.6	$	3.4

Current installments of obligations under finance leases	$	1.7	$	1.7
Long-term portion of obligations under finance leases	0.9		1.7
Total finance lease liabilities	$	2.6	$	3.4

Schedule of Supplemental CashFlow Information and NonCash Activity for Leases

Supplemental cash flow information and non-cash activity related to our leases are as follows (amounts in millions):


	For the Years Ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities and ROU assets:
Operating cash flow from operating leases	$	(38.2)	$	(35.8)
Financing cash flow from finance leases	(2.0)		(1.7)

ROU assets obtained in exchange for lease obligations:
Operating leases	38.5		116.0
Finance leases	1.2		2.9

Reductions to ROU assets resulting from reductions to lease obligations:
Operating leases	(1.1)		(1.7)
Finance leases	—		—

Schedule of Weighted Average Remaining Lease Term and Discount Rate

Weighted average remaining lease terms and discount rates for our leases as of December 31, 2020 and 2019 are as follows:


	As of December 31,
	2020		2019
Weighted average remaining lease term (years):
Operating leases	3.7		3.9
Finance leases	1.7		2.1

Weighted average discount rate:
Operating leases	3.1	%	3.9	%
Finance leases	5.3	%	5.3	%

Schedule of Lease Liability Maturity

Maturities of lease liabilities as of December 31, 2020 are as follows (amounts in millions):


	Operating Leases		Finance Leases
2021	$	32.2	$	1.8
2022	25.3		0.7
2023	17.6		0.2
2024	11.7		—
2025	6.2		—
Thereafter	4.6		—
Total undiscounted lease payments	97.6		2.7
Less: Imputed interest	(5.6)		(0.1)
Total lease liabilities	$	92.0	$	2.6