v3.22.4
Leases and Property and Equipment
 12 Months Ended
Dec. 31, 2022
Leases and Property and Equipment [Abstract]  
Leases and Property and Equipment Leases and Property and Equipment
Leases
The components of lease cost were (in millions):
Year Ended December 31,
20222021
Operating lease cost$243.8 $279.6 
Variable lease cost23.5 25.7 
Short-term lease cost2.5 2.7 
Sublease income(3.8)(3.8)
266.0 304.2 
Finance lease cost:
    Depreciation of ROU assets55.1 52.6 
    Interest5.7 4.9 
60.8 57.5 
Total lease cost$326.8 $361.7 
Future lease payments at December 31, 2022 are (in millions):
Operating LeasesFinance Leases
2023$240.6 $56.4 
2024207.3 44.7 
2025168.2 32.8 
2026139.3 14.8 
2027119.0 3.5 
Thereafter500.1 1.1 
Total lease payments1,374.5 153.3 
Less: Interest266.6 7.1 
Present value of lease liabilities$1,107.9 $146.2 
The balance sheet classification of our operating leases at December 31 was (in millions):
20222021
Operating lease ROU assets$1,165.0 $1,202.9 
Lease liability:
Other current liabilities$207.9 $225.1 
Long-term liability - operating leases900.0 952.1 
$1,107.9 $1,177.2 
Office and equipment operating leases at December 31, 2022 and 2021, had a weighted average remaining lease term of 6.9 and 7.5 years, respectively, and a weighted average discount rate of 3.4% and 3.2%, respectively.
Property and Equipment
Property and equipment at December 31 were (in millions):
20222021
Property and equipment - owned$1,684.6 $1,805.5 
Equipment under finance leases383.0 352.3
2,067.6 2,157.8 
Accumulated depreciation(1,167.5)(1,165.7)
$900.1 $992.1 
Finance leases at December 31, 2022 and 2021, had a weighted average remaining lease term of 3.1 years and 3.1 years, respectively, and a weighted average discount rate of 5.1% and 4.3%, respectively.