Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.22.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Significant Components of Operating Lease Expense The significant components of operating lease expense are as follows:
Year Ended December 31,
2021 2020
(in thousands)
Operating lease cost $ 241,012  $ 241,819 
Variable and short-term lease cost 92,863  35,202 
Sublease income (6,014) (13,270)
Net lease cost $ 327,861  $ 263,751 
Supplemental Cash Flow Information for our Operating Leases Supplemental cash flow information for our operating leases is as follows:
Year Ended December 31,
2021 2020
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 189,205  $ 203,419 
Lease assets obtained in exchange for lease obligations, net of terminations $ 251,401  $ 129,174 
Weighted Average Remaining Lease Term And Discount Rate For Operating Leases
The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:
Year Ended December 31,
2021 2020
Weighted average remaining lease term (in years) 13.2 13.9
Weighted average discount rate 6.10  % 6.31  %
Lessee, Operating Lease, Liability, Maturity
Future maturities of our operating lease liabilities at December 31, 2021 are as follows:
(in thousands)
2022 $ 219,965 
2023 237,184 
2024 219,726 
2025 204,392 
2026 193,157 
Thereafter 1,498,876 
Total lease payments 2,573,300 
Less: Interest 843,521 
Present value of lease liabilities $ 1,729,779