LEASES (Tables)

3 Months Ended

Mar. 31, 2020


		Three Months Ended
(In millions)	Consolidated Statement of Operations	March 31, 2020		March 31, 2019
Operating lease cost
Theatre properties	Rent	$	216.9	$	218.9
Theatre properties	Operating expense		2.2		1.7
Equipment	Operating expense		3.9		3.5
Office and other	General and administrative: other		1.3		1.3
Finance lease cost
Amortization of finance lease assets	Depreciation and amortization		1.9		2.7
Interest expense on lease liabilities	Finance lease obligations		1.6		2.1
Variable lease cost
Theatre properties	Rent		20.9		23.0
Equipment	Operating expense		7.0		10.7
Total lease cost		$	255.7	$	263.9

Schedule of cash flow and supplemental information


	Three Months Ended
(In millions)	March 31, 2020		March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in finance leases	$	(1.6)	$	(2.1)
Operating cash flows used in operating leases (1)		(240.3)		(236.0)
Financing cash flows used in finance leases		(2.3)		(3.8)

Landlord contributions:
Operating cashflows provided by operating leases		16.1		35.2
Supplemental disclosure of noncash leasing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities (2)		69.7		21.0

(1)

Reflects contractual amounts due to be paid in cash. For the three months ended March 31, 2020, the Company deferred cash payments of $17.5 million of these amounts, which are included in the condensed consolidated statements of cash flows as part of the change in accounts payable.

(2)

Includes lease extensions and option exercises.

Schedule of weighted average remaining lease term and discount rate


	As of March 31, 2020
	Weighted Average		Weighted Average
	Remaining		Discount
Lease Term and Discount Rate	Lease Term (years)		Rate
Operating leases		10.0		7.2%
Finance leases		12.7		6.5%