LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of components of lease costs


				Year Ended
				December 31,			December 31,			December 31,
(In millions)		Consolidated Statements of Operations		2024			2023			2022
Operating lease cost
Theatre properties		Rent		$	775.3		$	788.1		$	812.0
Theatre properties		Operating expense			5.6			2.0			5.4
Equipment		Operating expense			31.1			17.5			8.6
Office and other		General and administrative: other			5.4			5.4			5.3
Finance lease cost
Amortization of finance lease assets		Depreciation and amortization			2.7			2.0			2.6
Interest expense on lease liabilities		Interest expense			3.4			3.7			4.1
Variable lease cost
Theatre properties		Rent			98.3			85.4			74.2
Theatre properties		Interest expense			2.0			—			—
Equipment		Operating expense			65.4			63.3			60.0
Total lease cost				$	989.2		$	967.4		$	972.2

Schedule of weighted average remaining lease term and discount rate


		Weighted Average			Weighted Average
		Remaining			Discount
Lease Term and Discount Rate		Lease Term (years)			Rate
Operating leases			8.1			10.7%
Finance leases			13.2			6.4%

Schedule of cash flow and supplemental information


		Year Ended
		December 31,			December 31,			December 31,
(In millions)		2024			2023			2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in finance leases		$	(3.4)		$	(3.7)		$	(3.8)
Operating cash flows used in operating leases			(925.1)			(986.4)			(1,032.4)
Financing cash flows used in finance leases			(4.6)			(5.6)			(9.4)

Landlord contributions:
Operating cash flows provided by operating leases			31.8			23.9			19.9
Supplemental disclosure of noncash leasing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities (1)			196.3			214.1			277.3
Right-of-use assets obtained in exchange for new finance lease liabilities (1)			2.6			—			—

(1)

Includes lease extensions and option exercises.

Schedule of minimum annual payments required under existing leases


		Operating Lease			Finance Lease
(In millions)		Payments			Payments
2025			911.2			7.4
2026			858.3			7.5
2027			796.2			7.4
2028			709.6			7.4
2029			604.8			7.3
Thereafter			2,295.6			38.0
Total lease payments			6,175.7			75.0
Less imputed interest			(2,023.2)			(25.7)
Total operating and finance lease liabilities, respectively		$	4,152.5		$	49.3