LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of deferred payment amounts related to rent obligations for which payments have been deferred


			December 31,
(In millions)			2020
Fixed operating lease deferred amounts included in:
Right-of-use assets as a result of lease remeasurements		$	120.9
Accounts payables-contractual rent payments due and not paid			138.5
Current maturities of operating lease liabilities			67.5
Long-term operating lease liabilities			57.0
Finance lease deferred amounts included in:
Property, net, as a result of lease remeasurements			2.1
Accounts payables-contractual rent payments due and not paid			0.5
Current maturities of finance lease liabilities-other			3.0
Long-term finance lease liabilities-other			4.6
Long-term finance lease liabilities			2.6
Variable lease deferred amounts included in:
Accounts payables-contractual rent payments due and not paid			15.8
Current maturities of operating lease liabilities-resolution of contingencies			9.1
Long-term operating lease liabilities-resolution of contingencies			28.4
Total deferred lease amounts		$	450.0

Schedule of components of lease costs


				Year Ended
		Consolidated Statement		December 31,			December 31,
(In millions)		of Operations		2020			2019
Operating lease cost
Theatre properties		Rent		$	813.7		$	876.0
Theatre properties		Operating expense			2.8			9.1
Equipment		Operating expense			14.6			14.4
Office and other		General and administrative: other			5.4			5.5
Finance lease cost
Amortization of finance lease assets		Depreciation and amortization			6.7			9.2
Interest expense on lease liabilities		Finance lease obligations			5.9			7.6
Variable lease cost
Theatre properties		Rent			70.4			91.8
Equipment		Operating expense			6.4			56.3
Total lease cost				$	925.9		$	1,069.9

Schedule of weighted average remaining lease term and discount rate


		As of December 31, 2020
		Weighted Average			Weighted Average
		Remaining			Discount
Lease Term and Discount Rate		Lease Term (years)			Rate
Operating leases			10.4			9.8%
Finance leases			12.9			6.9%

Schedule of cash flow and supplemental information


		Year Ended
		December 31,			December 31,
(In millions)		2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in finance leases		$	(3.2)		$	(7.6)
Operating cash flows used in operating leases			(446.5)			(941.6)
Financing cash flows used in finance leases			(6.2)			(10.9)

Landlord contributions:
Operating cashflows provided by operating leases			43.6			106.5
Supplemental disclosure of noncash leasing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities (1)			201.5			463.2

(1)

Includes lease extensions and an option exercises.

Schedule of minimum annual payments required under existing leases


		Operating Lease			Financing Lease
(In millions)		Payments			Payments
2021 (1)		$	1,044.7		$	18.6
2022			971.8			16.3
2023			862.6			12.1
2024			785.2			10.0
2025			752.9			9.4
Thereafter			4,371.1			76.3
Total lease payments			8,788.3			142.7
Less imputed interest			(3,246.9)			(46.7)
Total		$	5,541.4		$	96.0

(1)

Does not include amounts recorded in accounts payable for deferred rent.