Outfront Media (OUT) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	May 07, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Quarterly period ended	Mar. 31, 2020
Document Transition Report	false
Commission File Number	001-36367
Exact name of registrant as specified in its charter	OUTFRONT Media Inc.
State or other jurisdiction of incorporation or organization	MD
I.R.S. Employer Identification No.	46-4494703
Entity Address, Address Line One	405 Lexington Avenue, 17th Floor
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Zip Code	10174
City Area Code	212
Registrant's telephone number, including area code	297-6400
Filed all reports required to be filed by Section 13 or 15(d)	Yes
Entity Interactive Data Current	Yes
Entity filer category	Large Accelerated Filer
Entity Small Business	false
Emerging growth company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.01, par value
Trading Symbol	OUT
Security Exchange Name	NYSE
Shares outstanding		144,353,509
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Central Index Key	0001579877

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 487.8	$ 59.1
Restricted cash	1.8	1.8
Receivables, less allowance ($19.9 in 2020 and $12.1 in 2019)	260.8	290
Prepaid lease and franchise costs	8.5	8.6
Prepaid MTA equipment deployment costs	0.9	55.4
Other prepaid expenses	15.3	15.8
Other current assets	7.6	5.1
Total current assets	782.7	435.8
Noncurrent assets:
Property and equipment, net	665.8	666.2
Goodwill	2,081.3	2,083.1
Intangible assets	562.7	550.9
Operating lease assets	1,470.9	1,457
Prepaid MTA equipment deployment costs	188.8	116.1
Other assets	52.1	73.2
Total assets	5,804.3	5,382.3
Current liabilities:
Accounts payable	70.8	67.9
Accrued compensation	25.5	56.1
Accrued interest	17.7	26.4
Accrued lease and franchise costs	49.2	55.3
Other accrued expenses	33.2	34.2
Deferred revenues	40	29
Short-term debt	210	195
Short-term operating lease liabilities	180.8	168.3
Other current liabilities	15.4	17.8
Total current liabilities	642.6	650
Noncurrent liabilities:
Long-term debt, net	2,718	2,222.1
Deferred income tax liabilities, net	15.5	18
Asset retirement obligation	34.8	35.1
Operating lease liabilities	1,287.4	1,285.1
Other liabilities	49	45.6
Total liabilities	4,747.3	4,255.9
Commitments and contingencies
Stockholders’ equity:
Common stock (2020 - 450.0 shares authorized, and 144.4 shares issued and outstanding; 2019 - 450.0 shares authorized, and 143.6 issued and outstanding)	1.4	1.4
Additional paid-in capital	2,072.8	2,074.7
Distribution in excess of earnings	(1,013.8)	(964.6)
Accumulated other comprehensive loss	(31.8)	(17.7)
Total stockholders' equity	1,028.6	1,093.8
Non-controlling interests	28.4	32.6
Total equity	1,057	1,126.4
Total liabilities and equity	$ 5,804.3	$ 5,382.3

Consolidated Statement of Finan

Consolidated Statement of Financial Position (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 19.9	$ 12.1
Common stock authorized (shares)	450,000,000	450,000,000
Common stock issued (shares)	144,353,374	143,594,117
Common stock outstanding (shares)	144,353,374	143,594,117

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Billboard	$ 270.9	$ 251
Transit and other	114.4	120.7
Total revenues	385.3	371.7
Expenses:
Operating	224.8	216.9
Selling, general and administrative	79.5	73.3
Restructuring charges	0	0.3
Net gain on dispositions	(0.1)	(1.5)
Depreciation	21	21.1
Amortization	26.3	24.7
Total expenses	351.5	334.8
Operating income	33.8	36.9
Interest expense, net	(29.8)	(32.7)
Other income, net	0.2	0.1
Income before benefit for income taxes and equity in earnings of investee companies	4.2	4.3
Benefit for income taxes	1.7	1
Equity in earnings of investee companies, net of tax	0.4	0.8
Net income before allocation to non-controlling interests	6.3	6.1
Net income attributable to non-controlling interests	0.2	0
Net income attributable to OUTFRONT Media Inc.	$ 6.1	$ 6.1
Net income per common share:
Basic (in dollars per share)	$ 0.04	$ 0.04
Diluted (in dollars per share)	$ 0.04	$ 0.04
Weighted average shares outstanding:
Basic (in shares)	143.9	140.7
Diluted (in shares)	144.7	141.1

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income before allocation to non-controlling interests	$ 6.3	$ 6.1
Net income attributable to non-controlling interests	0.2	0
Net income attributable to OUTFRONT Media Inc.	6.1	6.1
Other comprehensive income (loss), net of tax:
Cumulative translation adjustments	(10.5)	2.6
Net actuarial gain	0.7	0
Change in fair value of interest rate swap agreements	(4.3)	(0.8)
Total other comprehensive income (loss), net of tax	(14.1)	1.8
Total comprehensive income (loss)	$ (8)	$ 7.9

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Millions	Total	Common stock	Additional Paid-In Capital	Distribution in Excess of Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest	At-The-Market Equity Offering Program	At-The-Market Equity Offering ProgramAdditional Paid-In Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of a new accounting standard	$ (24.8)			$ (24.8)
Shares of common stock, beginning balance at Dec. 31, 2018		140,200,000
Total stockholders' equity, beginning balance at Dec. 31, 2018	1,102.8
Non-controlling interests, beginning balance at Dec. 31, 2018						$ 42.5
Total equity, beginning balance at Dec. 31, 2018	1,145.3	$ 1.4	$ 1,995	(871.6)	$ (22)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to OUTFRONT Media Inc.	6.1			6.1
Net income attributable to non-controlling interests	0
Net income before allocation to non-controlling interests	6.1
Other comprehensive income (loss)	1.8				1.8
Other comprehensive income (loss) - total equity	1.8
Stock-based payments: Vested (shares)		900,000
Stock-based payments: Amortization	5.3		5.3
Shares paid for tax withholding for stock-based payments (shares)		(400,000)
Shares paid for tax withholding for stock-based payments	(7.7)		(7.7)
Class A equity interest redemptions (shares)		100,000
Class A equity interest redemptions	2.8		2.8
Decrease in non-controlling interests due to redemptions						(2.8)
Shares issued under the ATM Program (shares)		800,000
Shares issued under the ATM Program							$ 16.5	$ 16.5
Dividends	(51.6)			(51.6)
Other	0.1		0.1
Other	1
Noncontrolling interests, Ownership percentage by noncontrolling owners						0.9
Shares of common stock, ending balance at Mar. 31, 2019		141,600,000
Total stockholders' equity, ending balance at Mar. 31, 2019	1,051.3
Non-controlling interests, ending balance at Mar. 31, 2019						40.6
Total equity, ending balance at Mar. 31, 2019	$ 1,091.9	$ 1.4	2,012	(941.9)	(20.2)
Shares of common stock, beginning balance at Dec. 31, 2019	143,594,117	143,600,000
Total stockholders' equity, beginning balance at Dec. 31, 2019	$ 1,093.8
Non-controlling interests, beginning balance at Dec. 31, 2019	32.6					32.6
Total equity, beginning balance at Dec. 31, 2019	1,126.4	$ 1.4	2,074.7	(964.6)	(17.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to OUTFRONT Media Inc.	6.1			6.1
Net income attributable to non-controlling interests	0.2
Net income before allocation to non-controlling interests	6.3
Other comprehensive income (loss)	(14.1)				(14.1)
Other comprehensive income (loss) - total equity	(14.1)
Stock-based payments: Vested (shares)		1,000,000
Stock-based payments: Amortization	5.8		5.8
Shares paid for tax withholding for stock-based payments (shares)		(400,000)
Shares paid for tax withholding for stock-based payments	(12.1)		(12.1)
Class A equity interest redemptions (shares)		200,000
Class A equity interest redemptions	4.4		4.4
Decrease in non-controlling interests due to redemptions						(4.4)
Shares issued under the ATM Program (shares)							0
Dividends	$ (55.3)			(55.3)
Shares of common stock, ending balance at Mar. 31, 2020	144,353,374	144,400,000
Total stockholders' equity, ending balance at Mar. 31, 2020	$ 1,028.6
Non-controlling interests, ending balance at Mar. 31, 2020	28.4					$ 28.4
Total equity, ending balance at Mar. 31, 2020	$ 1,057	$ 1.4	$ 2,072.8	$ (1,013.8)	$ (31.8)

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common stock, par value per share ($ per share)	$ 0.01	$ 0.01
Dividends declared per common share (in dollars per share)	$ 0.38	$ 0.36

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities:
Net income attributable to OUTFRONT Media Inc.	$ 6.1	$ 6.1
Adjustments to reconcile net income to net cash flow provided by operating activities:
Net income attributable to non-controlling interests	0.2	0
Depreciation and amortization	47.3	45.8
Deferred tax benefit	(1.8)	(0.1)
Stock-based compensation	5.8	5.3
Provision for doubtful accounts	8.1	1
Accretion expense	0.6	0.6
Net gain on dispositions	(0.1)	(1.5)
Equity in earnings of investee companies, net of tax	(0.4)	(0.8)
Distributions from investee companies	1.2	0.7
Amortization of deferred financing costs and debt discount and premium	1.3	1.4
Cash paid for direct lease acquisition costs	(14.9)	(14)
Change in assets and liabilities, net of investing and financing activities:
Decrease in receivables	19.7	35.1
Increase in prepaid MTA equipment deployment costs	(18.2)	(22.7)
Increase in prepaid expenses and other current assets	(2.8)	(3.2)
Decrease in accounts payable and accrued expenses	(42.4)	(24.3)
Increase in operating lease assets and liabilities	1.3	6.3
Increase in deferred revenues	11.1	7.5
Decrease in income taxes	(0.7)	(1.7)
Other, net	(6.5)	(0.1)
Net cash flow provided by (used for) operating activities	14.9	41.4
Investing Activities:
Capital expenditures	(18.2)	(18.1)
Acquisitions	(6.6)	(7.5)
MTA franchise rights	(2.8)	(5.4)
Net proceeds from dispositions	0.3	2.2
Return of investment in investee companies	0.6	0.1
Net cash flow provided by (used for) investing activities	(26.7)	(28.7)
Financing Activities:
Proceeds from long-term debt borrowings	495	35
Proceeds from borrowings under short-term debt facilities	15	15
Repayments of borrowings under short-term debt facilities	0	(20)
Payments of deferred financing costs	(0.4)	0
Proceeds from shares issued under the ATM Program	0	16.6
Taxes withheld for stock-based compensation	(11.8)	(7.6)
Dividends	(55.6)	(51.8)
Net cash flow provided by (used for) financing activities	442.2	(12.8)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1.7)	0.1
Net increase in cash, cash equivalents and restricted cash	428.7	0
Cash, cash equivalents and restricted cash, beginning of period	60.9	54.1
Cash, cash equivalents and restricted cash, end of period	489.6	54.1
Supplemental disclosure of cash flow Information:
Cash paid for income taxes	0.8	0.8
Cash paid for interest	37.5	24.5
Non-cash investing and financing activities:
Accrued purchases of property and equipment	9.7	9.4
Accrued MTA franchise rights	5	1.8
Taxes withheld for stock-based compensation	$ 0.2	$ 0.1

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business OUTFRONT Media Inc. (the “Company”) and its subsidiaries (collectively, “we,” “us” or “our”) is a real estate investment trust (“REIT”), which provides advertising space (“displays”) on out-of-home advertising structures and sites in the United States (the “U.S.”) and Canada. Our inventory consists of billboard displays, which are primarily located on the most heavily traveled highways and roadways in top Nielsen Designated Market Areas (“DMAs”), and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S. and Canada. We also have marketing and multimedia rights agreements with colleges, universities and other educational institutions, which entitle us to operate on-campus advertising displays, as well as manage marketing opportunities, media rights and experiential entertainment at sports events. In total, we have displays in all of the 25 largest markets in the U.S. and 150 markets across the U.S. and Canada. We manage our operations through three operating segments—(1) U.S. Billboard and Transit, which is included in our U.S. Media reportable segment, (2) International and (3) Sports Marketing. Basis of Presentation and Use of Estimates The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules of the Securities and Exchange Commission (the “SEC”). In the opinion of our management, the accompanying unaudited consolidated financial statements reflect all adjustments, consisting of normal and recurring adjustments, necessary for a fair statement of our financial position, results of operations and cash flows for the periods presented. Certain reclassifications of prior year’s data have been made to conform to the current period’s presentation. These financial statements should be read in conjunction with the more detailed financial statements and notes thereto, included in our Annual Report on Form 10-K for the year ended December 31, 2019 , filed with the SEC on February 26, 2020 . The preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amount of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, including the impact of extraordinary events such as the novel coronavirus (COVID-19) pandemic, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from these estimates under different assumptions or conditions, including the severity and duration of the COVID-19 pandemic. The COVID-19 pandemic and the related preventative measures taken to help curb the spread, have had, and may continue to have, a significant impact on the global economy and our business. In order to preserve financial flexibility and increase liquidity in light of the current uncertainty in the global economy and our business resulting from the COVID-19 pandemic, we undertook the following actions, among others: borrowed nearly all of the remaining available amount under the Revolving Credit Facility (as defined below) and amended the Credit Agreement (as defined below) to modify the calculation of the Company’s financial maintenance covenant ratio (see Note 9. Debt to the Consolidated Financial Statements), completed the Private Placement (as defined below) (see Note 20. Subsequent Event to the Consolidated Financial Statements) and reduced or deferred capital expenditures and expenses through cost savings initiatives. Given the uncertainty around the severity and duration of the COVID-19 pandemic and the measures taken, or may be taken, in response to the COVID-19 pandemic, the Company cannot reasonably estimate the full impact of the COVID-19 pandemic on our business, financial condition and results of operations at this time, which may be material.

New Accounting Standards

New Accounting Standards	3 Months Ended
	Mar. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	New Accounting Standards Adoption of New Accounting Standards In the first quarter of 2020, we adopted the Financial Accounting Standards Board’s (the “FASB’s”) guidance for evaluating and determining when a cloud computing arrangement (hosting arrangement) includes a software license. The adoption of this guidance did not have a material effect on our consolidated financial statements. In the first quarter of 2020, we adopted the FASB’s guidance which requires a reporting entity to estimate credit losses on certain types of financial instruments, and present assets held at amortized cost and available-for-sale debt securities at the amount expected to be collected. The application of this guidance was limited to our receivables that are not related to rental income, which is accounted for under the lease accounting standard. The provision for doubtful accounts is estimated based on historical bad debt experience, the aging of accounts receivable, industry trends and economic indicators, recent payment history for specific customers and expected future trends. We have recorded a Provision for doubtful accounts of $8.1 million for all receivables during the first quarter of 2020, which includes an impact from the COVID-19 pandemic on future collections. Recent Pronouncements In December 2019, the FASB issued guidance simplifying the accounting for income taxes by removing certain exceptions to the general principles of Accounting Standards Codification Topic 740, Income Taxes . The new guidance is effective for annual and interim periods beginning after December 15, 2020. We do not expect this guidance to have a material effect on our consolidated financial statements.

Restricted Cash

Restricted Cash	3 Months Ended
	Mar. 31, 2020
Restricted Cash [Abstract]
Restricted Cash	Restricted Cash We have an escrow agreement in connection with one of our transit franchise contracts, which requires us to deposit funds into an escrow account to fund capital expenditures over the term of the transit franchise contract. As of March 31, 2020 , we have $1.8 million of restricted cash deposited in the escrow account. As of (in millions) March 31, 2020 March 31, 2019 December 31, 2019 Cash and cash equivalents $ 487.8 $ 52.7 $ 59.1 Restricted cash 1.8 1.4 1.8 Cash, cash equivalents and restricted cash $ 489.6 $ 54.1 $ 60.9

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net The table below presents the balances of major classes of assets and accumulated depreciation. As of (in millions) Estimated Useful Lives March 31, December 31, Land $ 98.6 $ 98.8 Buildings 20 to 40 years 48.7 50.4 Advertising structures 5 to 20 years 1,852.4 1,866.1 Furniture, equipment and other 3 to 10 years 157.9 153.1 Construction in progress 30.2 25.4 2,187.8 2,193.8 Less: Accumulated depreciation 1,522.0 1,527.6 Property and equipment, net $ 665.8 $ 666.2 Depreciation expense was $21.0 million in the three months ended March 31, 2020 , and $21.1 million in the three months ended March 31, 2019

Long-Lived Assets

Long-Lived Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Long-Lived Assets	Long-Lived Assets The assumptions and estimates used in our analyses below require significant judgment about future events, market conditions and financial performance. Given the uncertainty around the severity and duration of the COVID-19 pandemic and the measures taken, or may be taken, in response to the COVID-19 pandemic, actual results may differ materially from these assumptions and estimates, which may result in impairment charges of our long-lived assets in the future. Goodwill In the first quarter of 2020, we performed a qualitative assessment to determine if there has been a triggering event and impairment of goodwill as a result of the COVID-19 pandemic. As a result of the analysis performed, we determined that it was not “more likely than not” that the carrying value of any of our reporting units exceeded their fair value and no further evaluation of goodwill was necessary. Intangible Assets Our identifiable intangible assets primarily consist of acquired permits and leasehold agreements, and franchise agreements, which grant us the right to operate out-of-home structures in specified locations and the right to provide advertising space on railroad and municipal transit properties. Identifiable intangible assets are amortized on a straight-line basis over their estimated useful life, which is the respective life of the agreement that in some cases includes historical experience of renewals. Our identifiable intangible assets consist of the following: (in millions) Gross Accumulated Amortization Net As of March 31, 2020: Permits and leasehold agreements $ 1,175.1 $ (744.8 ) $ 430.3 Franchise agreements 501.5 (375.1 ) 126.4 Other intangible assets 46.9 (40.9 ) 6.0 Total intangible assets $ 1,723.5 $ (1,160.8 ) $ 562.7 As of December 31, 2019: Permits and leasehold agreements $ 1,153.3 $ (735.7 ) $ 417.6 Franchise agreements 497.4 (371.1 ) 126.3 Other intangible assets 47.1 (40.1 ) 7.0 Total intangible assets $ 1,697.8 $ (1,146.9 ) $ 550.9 All of our intangible assets, except goodwill, are subject to amortization. Amortization expense was $26.3 million in the three months ended March 31, 2020 , and $24.7 million in the three months ended March 31, 2019 , which includes the amortization of direct lease acquisition costs of $11.3 million in the three months ended March 31, 2020 , and $10.3 million in the three months ended March 31, 2019 . Direct lease acquisition costs are amortized on a straight-line basis over the related customer lease term, which generally ranges from four weeks to one year. New York Metropolitan Transportation Authority (the “MTA”) Agreement We have identified the COVID-19 pandemic as a trigger for an impairment review of our Prepaid MTA equipment deployment costs and related intangible assets. After updating our projections to reflect related declines in revenues in 2020 and delays in our anticipated deployment schedule as a result of the impact of the COVID-19 pandemic, among other things, no impairment was identified. However, since we may not recoup any costs in 2020, we have reclassified amounts previously included in current Prepaid MTA equipment deployment costs to non-current Prepaid MTA equipment deployment costs on the Consolidated Statement of Financial Position.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	Leases Lessee As of March 31, 2020 , we have operating lease assets of $1.5 billion , short-term operating lease liabilities of $180.8 million and non-current operating lease liabilities of $1.3 billion . As of December 31, 2019 , we had operating lease assets of $1.5 billion , short-term operating lease liabilities of $168.3 million and non-current operating lease liabilities of $1.3 billion . As of March 31, 2020 , the weighted-average remaining lease term was 10.3 years and the weighted-average discount rate was 5.7% . For the three months ended March 31, 2020 , we recorded operating lease costs of $102.5 million in Operating expenses and $2.2 million in Selling, general and administrative expenses. For the three months ended March 31, 2020 , these costs include $22.1 million of variable operating lease costs. For the three months ended March 31, 2019 , we recorded operating lease costs of $94.4 million in Operating expenses and $2.1 million in Selling, general and administrative expenses. For the three months ended March 31, 2019 , these costs include $19.5 million of variable operating lease costs. For both the three months ended March 31, 2020 and 2019, sublease income was immaterial. For the three months ended March 31, 2020 , cash paid for operating leases was $108.6 million and leased assets obtained in exchange for new operating lease liabilities was $77.2 million . For the three months ended March 31, 2019 , cash paid for operating leases was $94.2 million and leased assets obtained in exchange for new operating lease liabilities was $147.6 million . Lessor We recorded rental income of $262.3 million for the three months ended March 31, 2020 , and $242.0 million for the three months ended March 31, 2019 , in Revenues

Asset Retirement Obligation

Asset Retirement Obligation	3 Months Ended
	Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	Asset Retirement Obligation The following table sets forth the change in the asset retirement obligations associated with our advertising structures located on leased properties. The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years. The estimated annual costs to dismantle and remove the structures upon the termination or non-renewal of our leases are consistent with our historical experience. (in millions) As of December 31, 2019 $ 35.1 Accretion expense 0.6 Liabilities settled (0.6 ) Foreign currency translation adjustments (0.3 ) As of March 31, 2020 $ 34.8

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We have a 50% ownership interest in two joint ventures that operate transit shelters in the greater Los Angeles area and Vancouver, and five joint ventures which currently operate a total of 11 billboard displays in New York and Boston. All of these joint ventures are accounted for as equity investments. These investments totaled $13.8 million as of March 31, 2020 , and $15.4 million as of December 31, 2019 , and are included in Other assets on the Consolidated Statements of Financial Position. We provided sales and management services to these joint ventures and recorded management fees in Revenues on the Consolidated Statement of Operations of $1.5 million in the three months ended March 31, 2020 and $1.7 million in the three months ended March 31, 2019 .

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt Debt, net, consists of the following: As of (in millions, except percentages) March 31, December 31, Short-term debt: AR Facility $ 120.0 $ 105.0 Repurchase Facility 90.0 90.0 Total short-term debt 210.0 195.0 Long-term debt: Revolving credit facility 495.0 — Term loan, due 2026 597.5 597.5 Senior unsecured notes: 5.625% senior unsecured notes, due 2024 501.6 501.7 5.000% senior unsecured notes, due 2027 650.0 650.0 4.625% senior unsecured notes, due 2030 500.0 500.0 Total senior unsecured notes 1,651.6 1,651.7 Debt issuance costs (26.1 ) (27.1 ) Total long-term debt, net 2,718.0 2,222.1 Total debt, net $ 2,928.0 $ 2,417.1 Weighted average cost of debt 4.0 % 4.5 % Term Loan The interest rate on the term loan due in 2026 (the “Term Loan”) was 2.5% per annum as of March 31, 2020 . As of March 31, 2020 , a discount of $2.5 million on the Term Loan remains unamortized. The discount is being amortized through Interest expense, net , on the Consolidated Statement of Operations. Revolving Credit Facility We also have a $500.0 million revolving credit facility, which matures in 2024 (the “Revolving Credit Facility,” together with the Term Loan, the “Senior Credit Facilities”). On March 25, 2020, we borrowed $470.0 million on our revolving credit facility, which represents nearly all of the remaining available amount under the Revolving Credit Facility. As of March 31, 2020 , there were $495.0 million of outstanding borrowings under the Revolving Credit Facility, at a borrowing rate of approximately 2.7% . The commitment fee based on the amount of unused commitments under the Revolving Credit Facility was $0.3 million in the three months ended March 31, 2020 , and $0.4 million in the three months ended March 31, 2019 . As of March 31, 2020 , we had issued letters of credit totaling approximately $1.5 million against the letter of credit facility sublimit under the Revolving Credit Facility. Standalone Letter of Credit Facilities As of March 31, 2020 , we had issued letters of credit totaling approximately $71.0 million under our aggregate $78.0 million standalone letter of credit facilities. The total fees under the letter of credit facilities were immaterial in each of the three months ended March 31, 2020 and 2019 . Accounts Receivable Securitization Facilities As of March 31, 2020 , we have a $125.0 million revolving accounts receivable securitization facility (the “AR Facility”), which terminates in June 2022, unless further extended, and a 364-day uncommitted $90.0 million structured repurchase facility (the “Repurchase Facility” and together with the AR Facility, the “AR Securitization Facilities”), which terminates in June 2020, unless further extended. In connection with the AR Securitization Facilities, Outfront Media LLC and Outfront Media Outernet Inc., each a wholly-owned subsidiary of the Company, and certain of the Company’s taxable REIT subsidiaries (“TRSs”) (the “Originators”), will sell and/or contribute their respective existing and future accounts receivable and certain related assets to either Outfront Media Receivables LLC, a special purpose vehicle and wholly-owned subsidiary of the Company relating to the Company’s qualified REIT subsidiary accounts receivable assets (the “QRS SPV”) or Outfront Media Receivables TRS, LLC a special purpose vehicle and wholly-owned subsidiary of the Company relating to the Company’s TRS accounts receivable assets (the “TRS SPV” and together with the QRS SPV, the “SPVs”). The SPVs will transfer undivided interests in their respective accounts receivable assets to certain purchasers from time to time (the “Purchasers”). The SPVs are separate legal entities with their own separate creditors who will be entitled to access the SPVs’ assets before the assets become available to the Company. Accordingly, the SPVs’ assets are not available to pay creditors of the Company or any of its subsidiaries, although collections from the receivables in excess of amounts required to repay the Purchasers and other creditors of the SPVs may be remitted to the Company. Outfront Media LLC will service the accounts receivables on behalf of the SPVs for a fee. The Company has agreed to guarantee the performance of the Originators and Outfront Media LLC, in its capacity as servicer, of their respective obligations under the agreements governing the AR Facility. Neither the Company, the Originators nor the SPVs guarantee the collectability of the receivables under the AR Facility. Further, the TRS SPV and the QRS SPV are jointly and severally liable for their respective obligations under the agreements governing the AR Facility. In connection with the Repurchase Facility, the Originators may borrow funds collateralized by subordinated notes (the “Subordinated Notes”) issued by the SPVs in favor of their respective Originators and representing a portion of the outstanding balance of the accounts receivable assets sold by the Originators to the SPVs under the AR Facility. The Subordinated Notes will be transferred to MUFG Bank, Ltd. (“MUFG”), as repurchase buyer, on an uncommitted basis, and subject to repurchase by the applicable Originators on termination of the Repurchase Facility. The Originators have granted MUFG a security interest in the Subordinated Notes to secure their obligations under the agreements governing the Repurchase Facility, and the Company has agreed to guarantee the Originators’ obligations under the agreements governing the Repurchase Facility. As of March 31, 2020 , there were $120.0 million of outstanding borrowings under the AR Facility, at a borrowing rate of approximately 2.5% , and $90.0 million of outstanding borrowings under the Repurchase Facility, at a borrowing rate of approximately 2.0% . As of March 31, 2020 , there was no borrowing capacity remaining under the AR Facility based on approximately $304.5 million of accounts receivable used as collateral for the AR Securitization Facilities, and there was no borrowing capacity remaining under the Repurchase Facility, in accordance with the agreements governing the AR Securitization Facilities. The commitment fee based on the amount of unused commitments under the AR Facility was immaterial for each of the three months ended March 31, 2020 and 2019 . On April 17, 2020, MUFG required us to reduce our borrowing capacity under the Repurchase Facility to $80.0 million and repay $10.0 million of borrowings under the Repurchase Facility as a result of MUFG reducing its uncommitted repurchase facility credit exposure to companies with a similar issuer credit rating as the Company. As of May 7, 2020 , there were $118.0 million of outstanding borrowings under the AR Facility, at a borrowing rate of approximately 2.0% , and $80.0 million of outstanding borrowings under the Repurchase Facility, at a borrowing rate of approximately 2.5% . Senior Unsecured Notes As of March 31, 2020 , a premium of $1.6 million on $100.0 million aggregate principal amount of the 5.625% Senior Unsecured Notes due 2024, remains unamortized. The premium is being amortized through Interest expense, net , on the Consolidated Statement of Operations. Debt Covenants Our credit agreement, dated as of January 31, 2014 (as amended, supplemented or otherwise modified, the “Credit Agreement”), governing the Senior Credit Facilities, the agreements governing the AR Securitization Facilities, and the indentures governing our senior unsecured notes contain customary affirmative and negative covenants, subject to certain exceptions, including but not limited to those that limit the Company’s and our subsidiaries’ abilities to (i) pay dividends on, repurchase or make distributions in respect to the Company’s or its wholly-owned subsidiary, Outfront Media Capital LLC’s (“Finance LLC’s”) capital stock or make other restricted payments other than dividends or distributions necessary for us to maintain our REIT status, subject to certain conditions and exceptions, and (ii) enter into agreements restricting certain subsidiaries’ ability to pay dividends or make other intercompany or third-party transfers. The terms of the Credit Agreement (and under certain circumstances, the agreements governing the AR Securitization Facilities) require that we maintain a Consolidated Net Secured Leverage Ratio, which is the ratio of (i) our consolidated secured debt (less up to $150.0 million of unrestricted cash) to (ii) our Consolidated EBITDA (as defined in the Credit Agreement) for the trailing four consecutive quarters, of no greater than 4.5 to 1.0. As of March 31, 2020 , our Consolidated Net Secured Leverage Ratio was 2.0 to 1.0 in accordance with the Credit Agreement. The Credit Agreement also requires that, in connection with the incurrence of certain indebtedness, we maintain a Consolidated Total Leverage Ratio, which is the ratio of our consolidated total debt to our Consolidated EBITDA for the trailing four consecutive quarters, of no greater than 6.0 to 1.0. As of March 31, 2020 , our Consolidated Total Leverage Ratio was 5.4 to 1.0 in accordance with the Credit Agreement. As of March 31, 2020 , we are in compliance with our debt covenants. On April 15, 2020, the Company, along with its wholly-owned subsidiaries, Finance LLC and Outfront Media Capital Corporation (together with Finance LLC, the “Borrowers”), and other guarantor subsidiaries party thereto, entered into an amendment (the “Amendment”) to the Credit Agreement. The Amendment provides that for the period from April 15, 2020 through September 30, 2021 (i) the Company’s Consolidated Net Secured Leverage Ratio shall be calculated by substituting the Company’s Consolidated EBITDA for each of the quarterly periods ended June 30, 2020 and September 30, 2020 included in any last twelve month compliance testing period, with the Company’s historical Consolidated EBITDA for each of the quarterly periods ended June 30, 2019 and September 30, 2019, respectively; and (ii) the Company will not make any Restricted Payments (as defined in the Credit Agreement) without the consent of the applicable lenders under the Credit Agreement, subject to certain exceptions such as payments necessary to maintain the Company’s REIT status, including any payments on any class of the Company’s capital stock that is required to be made prior to the payment of a dividend or distribution on the Company’s common stock and the Company’s existing payment obligations to holders of the Class A equity interests in Outfront Canada (as defined in Note 10. Equity to the Consolidated Financial Statements. Deferred Financing Costs As of March 31, 2020 , we had deferred $30.7 million in fees and expenses associated with the Term Loan, Revolving Credit Facility, AR Securitization Facilities and our senior unsecured notes. We are amortizing the deferred fees through Interest expense, net, on our Consolidated Statement of Operations over the respective terms of the Term Loan, Revolving Credit Facility, AR Securitization Facilities and our senior unsecured notes. Interest Rate Swap Agreements We have several interest rate cash flow swap agreements to effectively convert a portion of our LIBOR-based variable rate debt to a fixed rate and hedge our interest rate risk related to such variable rate debt. The fair value of these swap positions was a net liability of approximately $8.9 million as of March 31, 2020 , and $4.6 million as of December 31, 2019 , and is included in Other liabilities on our Consolidated Statement of Financial Position. As of March 31, 2020 , under the terms of the agreements, we will pay interest based on an aggregate notional amount of $200.0 million , under a weighted-average fixed interest rate of 2.7% , with a receive rate of one-month LIBOR and which mature at various dates until June 30, 2022 . The one-month LIBOR rate was approximately 1.0% as of March 31, 2020 . Fair Value Under the fair value hierarchy, observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities are defined as Level 1; observable inputs other than quoted prices included within Level 1 that are either directly or indirectly observable for the asset or liability are defined as Level 2; and unobservable inputs for the asset or liability are defined as Level 3. The aggregate fair value of our debt, which is estimated based on quoted market prices of similar liabilities, was approximately $2.8 billion as of March 31, 2020 , and $2.5 billion as of December 31, 2019 . The fair value of our debt as of both March 31, 2020 , and December 31, 2019 , is classified as Level 2. The aggregate fair value loss associated with our interest rate cash flow swap agreements was approximately $8.9 million as of March 31, 2020 , and $4.6 million as of December 31, 2019 . The aggregate fair value of our interest rate cash flow swap agreements as of both March 31, 2020 and December 31, 2019

Equity

Equity	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Equity	Equity As of March 31, 2020 , 450,000,000 shares of our common stock, par value $0.01 per share, were authorized; 144,353,374 shares were issued and outstanding; and 50,000,000 shares of our preferred stock, par value $0.01 per share, were authorized with no shares issued and outstanding. In connection with the acquisition of outdoor advertising assets in Canada in June 2017, the Company issued 1,953,407 shares of Class A equity interests of a subsidiary of the Company that controls its Canadian business (“Outfront Canada”). The Class A equity interests are entitled to receive priority cash distributions from Outfront Canada at the same time and in the same per share amount as the dividends paid on shares of the Company’s common stock. The Class A equity interests may be redeemed by the holders in exchange for shares of the Company’s common stock on a one-for-one basis (subject to anti-dilution adjustments) or, at the Company’s option, cash equal to the then fair market value of the shares of the Company’s common stock. The Company is also subject to limitations on its ability to sell or otherwise dispose of the assets acquired in Canada until June 2022, unless it pays holders of the Class A equity interests in Outfront Canada an amount intended to approximate their resulting tax liability, plus a tax gross-up. During the three months ended March 31, 2020 , we made distributions of $0.4 million to holders of the Class A equity interests, which are recorded in Dividends on our Consolidated Statements of Equity and Consolidated Statements of Cash Flows. As of March 31, 2020 , 1,026,727 Class A equity interests have been redeemed for shares of the Company’s common stock. We have a sales agreement in connection with an “at-the-market” equity offering program (the “ATM Program”), under which we may, from time to time, issue and sell shares of our common stock up to an aggregate offering price of $300.0 million . We have no obligation to sell any of our common stock under the sales agreement and may at any time suspend solicitations and offers under the sales agreement. No shares were sold under the ATM Program during the three months ended March 31, 2020 . As of March 31, 2020 , we had approximately $232.5 million

Revenues

Revenues	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenues	Revenues The following table summarizes revenues by source: Three Months Ended March 31, (in millions) 2020 2019 Billboard: Static displays $ 201.1 $ 194.3 Digital displays 60.4 47.0 Other 9.4 9.7 Billboard revenues 270.9 251.0 Transit: Static displays 65.1 79.0 Digital displays 27.7 16.6 Other 7.4 8.8 Total transit revenues 100.2 104.4 Sports marketing and other 14.2 16.3 Transit and other revenues 114.4 120.7 Total revenues $ 385.3 $ 371.7 Rental income was $262.3 million in the three months ended March 31, 2020 , and $242.0 million in the three months ended March 31, 2019 , and is recorded in Billboard revenues on the Consolidated Statement of Operations. The following table summarizes revenues by geography: Three Months Ended March 31, (in millions) 2020 2019 United States: Billboard $ 256.5 $ 236.2 Transit and other 98.2 102.2 Sports marketing and other 14.2 16.3 Total United States revenues 368.9 354.7 Canada 16.4 17.0 Total revenues $ 385.3 $ 371.7 We recognized substantially all of the Deferred revenues on the Consolidated Statement of Financial Position as of December 31, 2019 , during the three months ended March 31, 2020.

Restructuring Charges

Restructuring Charges	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring charges	Restructuring Charges As of March 31, 2020 , $0.4 million in restructuring reserves remain outstanding and is included in Other current liabilities on the Consolidated Statement of Financial Position. For the three months ended March 31, 2019 , we recorded restructuring charges of $0.3 million associated with the elimination of a corporate management position. In order to preserve financial flexibility, increase liquidity and reduce expenses in light of the current uncertainty in the global economy and our business as a result of the COVID-19 pandemic, on May 5, 2020 , we announced a workforce reduction and notified approximately 70 employees of their termination and furloughed approximately 150 employees. We currently anticipate incurring severance-based restructuring charges of approximately $4.2 million , which will be recognized in the second quarter of 2020.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Acquisitions	Acquisitions We completed several asset acquisitions for a total purchase price of approximately $6.6 million in the three months ended March 31, 2020 , and $2.5 million in the three months ended March 31, 2019 . In the second quarter of 2018, we entered into an agreement to acquire 14 digital and seven static billboard displays in California for a total estimated purchase price of $35.4 million . As of March 31, 2020 , we have completed this acquisition except with respect to four digital displays, which we expect to acquire in 2021 for an estimated purchase price of $9.2 million , subject to customary closing conditions and the timing of site development. In the first quarter of 2019, we entered into an agreement to acquire eight digital billboard displays in Atlanta, Georgia, for an aggregate purchase price of $24.0 million . During 2019, we paid deposits totaling $19.0 million into an escrow account related to this transaction, which were included in Other assets on our Consolidated Statement of Financial Position as of December 31, 2019 . We completed this transaction in the first quarter of 2020.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The following table summarizes our stock-based compensation expense for the three months ended March 31, 2020 and 2019 . Three Months Ended March 31, (in millions) 2020 2019 Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes $ 5.8 $ 5.3 Tax benefit (0.4 ) (0.3 ) Stock-based compensation expense, net of tax $ 5.4 $ 5.0 As of March 31, 2020 , total unrecognized compensation cost related to non-vested RSUs and PRSUs was $47.8 million , which is expected to be recognized over a weighted average period of 2.4 years . RSUs and PRSUs The following table summarizes activity for the three months ended March 31, 2020 , of RSUs and PRSUs issued to our employees. Activity Weighted Average Per Share Grant Date Fair Market Value Non-vested as of December 31, 2019 2,024,768 $ 22.09 Granted: RSUs 702,351 30.63 PRSUs 323,771 29.60 Vested: RSUs (594,541 ) 22.64 PRSUs (293,852 ) 22.49 Forfeitures: RSUs (5,259 ) 23.18 Non-vested as of March 31, 2020 2,157,238 25.79 Stock Options The following table summarizes activity for the three months ended March 31, 2020 , of stock options issued to our employees. Activity Weighted Average Exercise Price Outstanding as of December 31, 2019 126,528 $ 24.57 Exercised (23,115 ) 16.43 Outstanding as of March 31, 2020 103,413 26.39 Exercisable as of March 31, 2020 103,413 26.39 As of March 31, 2020, all exercisable stock options issued to our employees were out-of-the-money based on the closing stock price of our common stock of $13.48 .

Retirement Benefits

Retirement Benefits	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Retirement Benefits	Retirement Benefits The following table presents the components of net periodic pension cost and amounts recognized in other comprehensive income (loss) for our pension plans: Three Months Ended March 31, (in millions) 2020 2019 Components of net periodic pension cost: Service cost $ 0.4 $ 0.5 Interest cost 0.7 0.5 Expected return on plan assets (1.1 ) (0.7 ) Amortization of net actuarial losses (a) 0.3 0.2 Net periodic pension cost $ 0.3 $ 0.5 (a) Reflects amounts reclassified from accumulated other comprehensive income to net income. In the three months ended March 31, 2020 , we contributed $0.4 million to our pension plans. In 2020 , we expect to contribute approximately $1.4 million to our pension plans.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We are organized in conformity with the requirements for qualification and taxation as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”) and, accordingly, we have not provided for U.S. federal income tax on our REIT taxable income that we distribute to our stockholders. We have elected to treat our subsidiaries that participate in certain non-REIT qualifying activities, and our foreign subsidiaries, as TRSs. As such, we have provided for their federal, state and foreign income taxes. Tax years 2016 to present are open for examination by the tax authorities. Our effective income tax rate represents a combined annual effective tax rate for federal, state, local and foreign taxes applied to interim operating results. In the three months ended March 31, 2020 and 2019

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share (EPS)	Earnings Per Share (“EPS”) Three Months Ended March 31, (in millions) 2020 2019 Net income available for common stockholders $ 6.1 $ 6.1 Less: Distributions to holders of Class A equity interests of a subsidiary 0.4 0.6 Net income available for common stockholders, basic and diluted $ 5.7 $ 5.5 Weighted average shares for basic EPS 143.9 140.7 Dilutive potential shares from grants of RSUs, PRSUs and stock options (a) 0.8 0.4 Weighted average shares for diluted EPS 144.7 141.1 (a) The potential impact of an aggregate 0.5 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2020 , and 0.1 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2019 , were antidilutive. (b) The potential impact of 1.1 million of Class A equity interests of Outfront Canada in the three months ended March 31, 2020 , and 1.7 million of Class A equity interests of Outfront Canada in the three months ended March 31, 2019 , was antidilutive. (See Note 10. Equity

Commitment and Contingencies

Commitment and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Off-Balance Sheet Arrangements Our off-balance sheet commitments primarily consist of guaranteed minimum annual payments. These arrangements result from our normal course of business and represent obligations that are payable over several years. Contractual Obligations We have agreements with municipalities and transit operators that entitle us to operate advertising displays within their transit systems, including on the interior and exterior of rail and subway cars and buses, as well as on benches, transit shelters, street kiosks, and transit platforms. Under most of these franchise agreements, the franchisor is entitled to receive the greater of a percentage of the relevant revenues, net of agency fees, or a specified guaranteed minimum annual payment. We also have marketing and multimedia rights agreements with colleges, universities and other educational institutions, which entitle us to operate on-campus advertising displays, as well as manage marketing opportunities, media rights and experiential entertainment at sports events. Under most of these agreements, the school is entitled to receive the greater of a percentage of the relevant revenue, net of agency commissions, or a specified guaranteed minimum annual payment. Under the MTA agreement, we are obligated to deploy, over a number of years, (i) 8,565 digital advertising screens on subway and train platforms and entrances, (ii) 37,716 smaller-format digital advertising screens on rolling stock, and (iii) 7,829 MTA communications displays, with such deployment amounts being subject to modification as agreed-upon by us and the MTA. In addition, we are obligated to pay to the MTA the greater of a percentage of revenues or a guaranteed minimum annual payment. Incremental revenues that exceed an annual base revenue amount will be retained by us for the cost of deploying advertising and communications displays throughout the transit system. As presented in the table below, MTA equipment deployment costs are being recorded as Prepaid MTA equipment deployment costs and Intangible assets on our Consolidated Statement of Financial Position, and as these costs are recouped from incremental revenues that the MTA would otherwise be entitled to receive, Prepaid MTA equipment deployment costs will be reduced. If incremental revenues generated over the term of the agreement are not sufficient to cover all or a portion of the equipment deployment costs, the costs will not be recouped, which could have an adverse effect on our business, financial condition and results of operation. As a result of the impact of the COVID-19 pandemic, we suspended our deployment of advertising and communications displays throughout the transit system at this time. In addition, we did not recoup any equipment deployment costs in the three months ended March 31, 2020, and may not recoup equipment deployment costs in 2020. We have identified the COVID-19 pandemic as a trigger for impairment review of our Prepaid MTA equipment deployment costs and related intangible assets, and after performing an analysis, no impairment was identified. (See Note 5. Long-Lived Assets : MTA Agreement to the Consolidated Financial Statements.) As of March 31, 2020 , 5,253 digital displays had been installed, of which 676 installations occurred in the three months ended March 31, 2020 . (in millions) Beginning Balance Deployment Costs Incurred Recoupment Amortization Ending Balance Three months ended March 31, 2020: Prepaid MTA equipment deployment costs $ 171.5 $ 18.2 $ — $ — $ 189.7 Intangible assets (franchise agreements) 38.3 3.8 — (1.3 ) 40.8 Total $ 209.8 $ 22.0 $ — $ (1.3 ) $ 230.5 Year ended December 31, 2019: Prepaid MTA equipment deployment costs $ 79.5 $ 124.2 $ (32.2 ) $ — $ 171.5 Intangible assets (franchise agreements) 14.8 26.6 — (3.1 ) 38.3 Total $ 94.3 $ 150.8 $ (32.2 ) $ (3.1 ) $ 209.8 Letters of Credit We have indemnification obligations with respect to letters of credit and surety bonds primarily used as security against non-performance in the normal course of business. As of March 31, 2020 , the outstanding letters of credit were approximately $72.5 million and outstanding surety bonds were approximately $162.1 million , and were not recorded on the Consolidated Statements of Financial Position. Legal Matters On an ongoing basis, we are engaged in lawsuits and governmental proceedings and respond to various investigations, inquiries, notices and claims from national, state and local governmental and other authorities (collectively, “litigation”). Litigation is inherently uncertain and always difficult to predict. Although it is not possible to predict with certainty the eventual outcome of any litigation, in our opinion, none of our current litigation is expected to have a material adverse effect on our results of operations, financial position or cash flows.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information We manage our operations through three operating segments—(1) U.S. Billboard and Transit, which is included in our U.S. Media reportable segment, (2) International and (3) Sports Marketing. International and Sports Marketing do not meet the criteria to be a reportable segment and accordingly, are both included in Other . The following tables set forth our financial performance by segment. Three Months Ended March 31, (in millions) 2020 2019 Revenues: U.S. Media $ 354.7 $ 338.4 Other 30.6 33.3 Total revenues $ 385.3 $ 371.7 We present Operating income before Depreciation , Amortization , Net gain on dispositions, Stock-based compensation and Restructuring charges (“Adjusted OIBDA”) as the primary measure of profit and loss for our operating segments. Three Months Ended March 31, (in millions) 2020 2019 Net income before allocation to non-controlling interests $ 6.3 $ 6.1 Benefit for income taxes (1.7 ) (1.0 ) Equity in earnings of investee companies, net of tax (0.4 ) (0.8 ) Interest expense, net 29.8 32.7 Other income, net (0.2 ) (0.1 ) Operating income 33.8 36.9 Restructuring charges — 0.3 Net gain on dispositions (0.1 ) (1.5 ) Depreciation and amortization 47.3 45.8 Stock-based compensation 5.8 5.3 Total Adjusted OIBDA $ 86.8 $ 86.8 Adjusted OIBDA: U.S. Media $ 90.8 $ 94.6 Other 0.5 1.2 Corporate (4.5 ) (9.0 ) Total Adjusted OIBDA $ 86.8 $ 86.8 Three Months Ended March 31, (in millions) 2020 2019 Operating income (loss): U.S. Media $ 47.4 $ 55.5 Other (3.3 ) (4.0 ) Corporate (10.3 ) (14.6 ) Total operating income $ 33.8 $ 36.9 Net gain on dispositions: U.S. Media $ (0.1 ) $ (1.5 ) Total gain on dispositions $ (0.1 ) $ (1.5 ) Depreciation and amortization: U.S. Media $ 43.5 $ 40.6 Other 3.8 5.2 Total depreciation and amortization $ 47.3 $ 45.8 Capital expenditures: U.S. Media $ 17.3 $ 17.3 Other 0.9 0.8 Total capital expenditures $ 18.2 $ 18.1 As of (in millions) March 31, 2020 December 31, 2019 Assets: U.S. Media $ 5,114.6 $ 5,077.1 Other 255.6 284.0 Corporate 434.1 21.2 Total assets $ 5,804.3 $ 5,382.3

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On April 20 2020 (the “Closing Date”), the Company issued and sold an aggregate of 400,000 shares of the Company’s newly created Series A Convertible Perpetual Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”) at a purchase price of $1,000 per share, for an aggregate purchase price of $400.0 million (the “Private Placement”) to certain affiliates of Providence Equity Partners LLC (collectively, the “Providence Purchasers”) and ASOF Holdings L.L.P. and Ares Capital Corporation (collectively, the “Ares Purchasers” and, together with the Providence Purchasers, the “Purchasers”). The Series A Preferred Stock ranks senior to the shares of the Company’s common stock, par value $0.01 per share, with respect to dividend and distribution rights. Holders of the Series A Preferred Stock are entitled to a cumulative dividend accruing at the initial rate of 7.0% per year, payable quarterly in arrears. The dividend rate will increase by an additional 0.75% annually following the eighth anniversary of the Closing Date and is subject to increases under certain other circumstances as set forth in the Articles Supplementary, effective as of April 20, 2020 (the “Articles”). Dividends may, at the option of the Company, be paid in cash, in-kind, through the issuance of additional shares of Series A Preferred Stock or a combination of cash and in-kind, until the eighth anniversary of the Closing Date, after which time dividends will be payable solely in cash. So long as any shares of Series A Preferred Stock remain outstanding, the Company may not declare a dividend on, or make any distributions relating to, capital stock that ranks junior to, or on a parity basis with, the Series A Preferred Stock, subject to certain exceptions, including but not limited to (i) any dividend or distribution in cash or capital stock of the Company on or in respect of the capital stock of the Company to the extent that such dividend or distribution is necessary to maintain the Company’s status as a REIT; and (ii) any dividend or distribution in cash in respect of our common stock that, together with the dividends or distributions during the 12 -month period immediately preceding such dividend or distribution, is not in excess of 5% of the aggregate dividends or distributions paid by the Company necessary to maintain its REIT status during such 12 -month period. Following the one-year anniversary of the Closing Date, if all or any portion of the dividends or distributions is paid in respect of the shares of our common stock in cash, the shares of Series A Preferred Stock will participate in such dividends or distributions on an as-converted basis up to the amount of their accrued dividend on the Series A Preferred Stock for such quarter, which amounts will reduce the dividends payable on the shares of Series A Preferred Stock dollar-for-dollar for such quarter. The Series A Preferred Stock is convertible at the option of any holder at any time into shares of our common stock at an initial conversion price of $16.00 per share and an initial conversion rate of 62.50 shares of our common stock per share of Series A Preferred Stock, subject to certain anti-dilution adjustments. The issuance of shares of our common stock upon the conversion of Series A Preferred Stock is subject to a cap equal to 28,856,239 shares of our common stock (the “Share Cap”), unless and until the Company obtains stockholder approval to the extent required for the issuance of additional shares. Any amounts owed above the Share Cap must be paid in cash. Subject to certain conditions, at the Company’s option, (i) after the third anniversary of the Closing Date, all of the Series A Preferred Stock may be converted into shares of our common stock, and (ii) after the seventh anniversary of the Closing Date, all of the Series A Preferred Stock may be redeemed for cash at a redemption price equal to 100% of the liquidation preference of the Series A Preferred Stock, plus any accrued and unpaid dividends. Subject to certain conditions, each holder of the Series A Preferred Stock, after a Change of Control (as defined in the Articles) may (i) require the Company to purchase any or all of their shares of Series A Preferred Stock at a redemption price payable in cash equal to 105% of the liquidation preference of the Series A Preferred Stock, plus any accrued and unpaid dividends, or (ii) convert any or all of their shares of Series A Preferred Stock into the number of shares of our common stock equal to the liquidation preference (including accrued and unpaid dividends) divided by the then-applicable conversion price. The holders of the Series A Preferred Stock have the right to vote on matters submitted to a vote of the holders of our common stock on an as-converted basis, except as otherwise prohibited by the terms of the Articles. Further, certain matters will require the approval of the holders of at least a majority of the shares of Series A Preferred Stock outstanding, including, among others, the issuance of any class or series of senior or parity equity securities by the Company and the incurrence of any additional indebtedness by the Company not otherwise permitted under the Company’s indebtedness agreements. Changes to any provision of the Company’s Charter (including the Articles) that adversely changes the rights of the holders of the Series A Preferred Stock requires the approval of holders of at least 75% of the shares of Series A Preferred Stock outstanding so long as the Ares Purchasers, together with their affiliates, own 90% of the number of shares of our common stock (on an as-converted basis or otherwise) owned by the Ares Purchasers on the Closing Date, with a majority of the outstanding shares of Series A Preferred Stock required at all other times. Subject to certain conditions, the Company has also agreed to increase the size of its board of directors in order to elect one individual designated by the Providence Purchasers to the board of directors. Subject to certain conditions and exceptions, the Providence Purchasers and the Ares Purchasers are each entitled to preemptive rights with respect to a new issue of our common stock or securities with rights to acquire our common stock. The Providence Purchasers and the Ares Purchasers are restricted from acquiring additional securities of the Company, subject to certain exceptions and conditions provided that the Providence Purchasers and the Ares Purchasers may acquire a number of additional shares of our common stock that does not exceed 3.44% and 1.56% , respectively, of our outstanding shares of common stock as of April 16, 2020.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of estimates	The preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amount of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, including the impact of extraordinary events such as the novel coronavirus (COVID-19) pandemic, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from these estimates under different assumptions or conditions, including the severity and duration of the COVID-19 pandemic.

New Accounting Standards (Polic

New Accounting Standards (Policies)	3 Months Ended
	Mar. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	In the first quarter of 2020, we adopted the Financial Accounting Standards Board’s (the “FASB’s”) guidance for evaluating and determining when a cloud computing arrangement (hosting arrangement) includes a software license. The adoption of this guidance did not have a material effect on our consolidated financial statements. In the first quarter of 2020, we adopted the FASB’s guidance which requires a reporting entity to estimate credit losses on certain types of financial instruments, and present assets held at amortized cost and available-for-sale debt securities at the amount expected to be collected. The application of this guidance was limited to our receivables that are not related to rental income, which is accounted for under the lease accounting standard. The provision for doubtful accounts is estimated based on historical bad debt experience, the aging of accounts receivable, industry trends and economic indicators, recent payment history for specific customers and expected future trends.

Long-Lived Assets (Policies)

Long-Lived Assets (Policies)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Our identifiable intangible assets primarily consist of acquired permits and leasehold agreements, and franchise agreements, which grant us the right to operate out-of-home structures in specified locations and the right to provide advertising space on railroad and municipal transit properties. Identifiable intangible assets are amortized on a straight-line basis over their estimated useful life, which is the respective life of the agreement that in some cases includes historical experience of renewals.
Direct Lease Acquisition Costs	Direct lease acquisition costs are amortized on a straight-line basis over the related customer lease term, which generally ranges from four weeks to one year.

Restricted Cash (Tables)

Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2020
Restricted Cash [Abstract]
Restricted Cash	As of (in millions) March 31, 2020 March 31, 2019 December 31, 2019 Cash and cash equivalents $ 487.8 $ 52.7 $ 59.1 Restricted cash 1.8 1.4 1.8 Cash, cash equivalents and restricted cash $ 489.6 $ 54.1 $ 60.9

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	The table below presents the balances of major classes of assets and accumulated depreciation. As of (in millions) Estimated Useful Lives March 31, December 31, Land $ 98.6 $ 98.8 Buildings 20 to 40 years 48.7 50.4 Advertising structures 5 to 20 years 1,852.4 1,866.1 Furniture, equipment and other 3 to 10 years 157.9 153.1 Construction in progress 30.2 25.4 2,187.8 2,193.8 Less: Accumulated depreciation 1,522.0 1,527.6 Property and equipment, net $ 665.8 $ 666.2

Long-Lived Assets (Tables)

Long-Lived Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	Our identifiable intangible assets consist of the following: (in millions) Gross Accumulated Amortization Net As of March 31, 2020: Permits and leasehold agreements $ 1,175.1 $ (744.8 ) $ 430.3 Franchise agreements 501.5 (375.1 ) 126.4 Other intangible assets 46.9 (40.9 ) 6.0 Total intangible assets $ 1,723.5 $ (1,160.8 ) $ 562.7 As of December 31, 2019: Permits and leasehold agreements $ 1,153.3 $ (735.7 ) $ 417.6 Franchise agreements 497.4 (371.1 ) 126.3 Other intangible assets 47.1 (40.1 ) 7.0 Total intangible assets $ 1,697.8 $ (1,146.9 ) $ 550.9

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	3 Months Ended
	Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Change in Asset Retirement Obligation	The following table sets forth the change in the asset retirement obligations associated with our advertising structures located on leased properties. The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years. The estimated annual costs to dismantle and remove the structures upon the termination or non-renewal of our leases are consistent with our historical experience. (in millions) As of December 31, 2019 $ 35.1 Accretion expense 0.6 Liabilities settled (0.6 ) Foreign currency translation adjustments (0.3 ) As of March 31, 2020 $ 34.8

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt Instruments	Debt, net, consists of the following: As of (in millions, except percentages) March 31, December 31, Short-term debt: AR Facility $ 120.0 $ 105.0 Repurchase Facility 90.0 90.0 Total short-term debt 210.0 195.0 Long-term debt: Revolving credit facility 495.0 — Term loan, due 2026 597.5 597.5 Senior unsecured notes: 5.625% senior unsecured notes, due 2024 501.6 501.7 5.000% senior unsecured notes, due 2027 650.0 650.0 4.625% senior unsecured notes, due 2030 500.0 500.0 Total senior unsecured notes 1,651.6 1,651.7 Debt issuance costs (26.1 ) (27.1 ) Total long-term debt, net 2,718.0 2,222.1 Total debt, net $ 2,928.0 $ 2,417.1 Weighted average cost of debt 4.0 % 4.5 %

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table summarizes revenues by source: Three Months Ended March 31, (in millions) 2020 2019 Billboard: Static displays $ 201.1 $ 194.3 Digital displays 60.4 47.0 Other 9.4 9.7 Billboard revenues 270.9 251.0 Transit: Static displays 65.1 79.0 Digital displays 27.7 16.6 Other 7.4 8.8 Total transit revenues 100.2 104.4 Sports marketing and other 14.2 16.3 Transit and other revenues 114.4 120.7 Total revenues $ 385.3 $ 371.7
Revenue from External Customers by Geographic Areas	The following table summarizes revenues by geography: Three Months Ended March 31, (in millions) 2020 2019 United States: Billboard $ 256.5 $ 236.2 Transit and other 98.2 102.2 Sports marketing and other 14.2 16.3 Total United States revenues 368.9 354.7 Canada 16.4 17.0 Total revenues $ 385.3 $ 371.7

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-based compensation expense	The following table summarizes our stock-based compensation expense for the three months ended March 31, 2020 and 2019 . Three Months Ended March 31, (in millions) 2020 2019 Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes $ 5.8 $ 5.3 Tax benefit (0.4 ) (0.3 ) Stock-based compensation expense, net of tax $ 5.4 $ 5.0
Activity of RSUs and PRSUs Issued to Our Employees	The following table summarizes activity for the three months ended March 31, 2020 , of RSUs and PRSUs issued to our employees. Activity Weighted Average Per Share Grant Date Fair Market Value Non-vested as of December 31, 2019 2,024,768 $ 22.09 Granted: RSUs 702,351 30.63 PRSUs 323,771 29.60 Vested: RSUs (594,541 ) 22.64 PRSUs (293,852 ) 22.49 Forfeitures: RSUs (5,259 ) 23.18 Non-vested as of March 31, 2020 2,157,238 25.79
Activity of Stock Options Issued to Our Employees	The following table summarizes activity for the three months ended March 31, 2020 , of stock options issued to our employees. Activity Weighted Average Exercise Price Outstanding as of December 31, 2019 126,528 $ 24.57 Exercised (23,115 ) 16.43 Outstanding as of March 31, 2020 103,413 26.39 Exercisable as of March 31, 2020 103,413 26.39

Retirement Benefits (Tables)

Retirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The following table presents the components of net periodic pension cost and amounts recognized in other comprehensive income (loss) for our pension plans: Three Months Ended March 31, (in millions) 2020 2019 Components of net periodic pension cost: Service cost $ 0.4 $ 0.5 Interest cost 0.7 0.5 Expected return on plan assets (1.1 ) (0.7 ) Amortization of net actuarial losses (a) 0.3 0.2 Net periodic pension cost $ 0.3 $ 0.5 (a) Reflects amounts reclassified from accumulated other comprehensive income to net income.

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended March 31, (in millions) 2020 2019 Net income available for common stockholders $ 6.1 $ 6.1 Less: Distributions to holders of Class A equity interests of a subsidiary 0.4 0.6 Net income available for common stockholders, basic and diluted $ 5.7 $ 5.5 Weighted average shares for basic EPS 143.9 140.7 Dilutive potential shares from grants of RSUs, PRSUs and stock options (a) 0.8 0.4 Weighted average shares for diluted EPS 144.7 141.1 (a) The potential impact of an aggregate 0.5 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2020 , and 0.1 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2019 , were antidilutive. (b) The potential impact of 1.1 million of Class A equity interests of Outfront Canada in the three months ended March 31, 2020 , and 1.7 million of Class A equity interests of Outfront Canada in the three months ended March 31, 2019 , was antidilutive. (See Note 10. Equity

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
MTA agreement schedule	(in millions) Beginning Balance Deployment Costs Incurred Recoupment Amortization Ending Balance Three months ended March 31, 2020: Prepaid MTA equipment deployment costs $ 171.5 $ 18.2 $ — $ — $ 189.7 Intangible assets (franchise agreements) 38.3 3.8 — (1.3 ) 40.8 Total $ 209.8 $ 22.0 $ — $ (1.3 ) $ 230.5 Year ended December 31, 2019: Prepaid MTA equipment deployment costs $ 79.5 $ 124.2 $ (32.2 ) $ — $ 171.5 Intangible assets (franchise agreements) 14.8 26.6 — (3.1 ) 38.3 Total $ 94.3 $ 150.8 $ (32.2 ) $ (3.1 ) $ 209.8

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following tables set forth our financial performance by segment. Three Months Ended March 31, (in millions) 2020 2019 Revenues: U.S. Media $ 354.7 $ 338.4 Other 30.6 33.3 Total revenues $ 385.3 $ 371.7
Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income	Three Months Ended March 31, (in millions) 2020 2019 Net income before allocation to non-controlling interests $ 6.3 $ 6.1 Benefit for income taxes (1.7 ) (1.0 ) Equity in earnings of investee companies, net of tax (0.4 ) (0.8 ) Interest expense, net 29.8 32.7 Other income, net (0.2 ) (0.1 ) Operating income 33.8 36.9 Restructuring charges — 0.3 Net gain on dispositions (0.1 ) (1.5 ) Depreciation and amortization 47.3 45.8 Stock-based compensation 5.8 5.3 Total Adjusted OIBDA $ 86.8 $ 86.8 Adjusted OIBDA: U.S. Media $ 90.8 $ 94.6 Other 0.5 1.2 Corporate (4.5 ) (9.0 ) Total Adjusted OIBDA $ 86.8 $ 86.8
Tabular Disclosure by Reportable Segments	Three Months Ended March 31, (in millions) 2020 2019 Operating income (loss): U.S. Media $ 47.4 $ 55.5 Other (3.3 ) (4.0 ) Corporate (10.3 ) (14.6 ) Total operating income $ 33.8 $ 36.9 Net gain on dispositions: U.S. Media $ (0.1 ) $ (1.5 ) Total gain on dispositions $ (0.1 ) $ (1.5 ) Depreciation and amortization: U.S. Media $ 43.5 $ 40.6 Other 3.8 5.2 Total depreciation and amortization $ 47.3 $ 45.8 Capital expenditures: U.S. Media $ 17.3 $ 17.3 Other 0.9 0.8 Total capital expenditures $ 18.2 $ 18.1
Reconciliation of Assets from Segment to Consolidated	As of (in millions) March 31, 2020 December 31, 2019 Assets: U.S. Media $ 5,114.6 $ 5,077.1 Other 255.6 284.0 Corporate 434.1 21.2 Total assets $ 5,804.3 $ 5,382.3

Description of Business and B_3

Description of Business and Basis of Presentation - Narrative (Details)	3 Months Ended
	Mar. 31, 2020marketssegment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of largest domestic markets in which the entity operates	25
Approximate number of markets in which the entity operates	150
Number of operating segments | segment	3

New Accounting Standards Narrat

New Accounting Standards Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Provision for doubtful accounts	$ 8.1	$ 1

Restricted Cash - Narrative (De

Restricted Cash - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Restricted Cash [Abstract]
Restricted cash	$ 1.8	$ 1.8	$ 1.4

Restricted Cash (Details)

Restricted Cash (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Restricted Cash [Abstract]
Cash and cash equivalents	$ 487.8	$ 59.1	$ 52.7
Restricted cash	1.8	1.8	1.4
Cash, cash equivalents and restricted cash	$ 489.6	$ 60.9	$ 54.1	$ 54.1

Property and Equipment, Net - S

Property and Equipment, Net - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Property and Equipment [Line Items]
Property and equipment	$ 2,187.8	$ 2,193.8
Less: Accumulated depreciation	1,522	1,527.6
Property and equipment, net	665.8	666.2
Land
Property and Equipment [Line Items]
Property and equipment	98.6	98.8
Buildings
Property and Equipment [Line Items]
Property and equipment	$ 48.7	$ 50.4
Buildings | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	20 years	20 years
Buildings | Maximum
Property and Equipment [Line Items]
Property and equipment, useful life	40 years	40 years
Advertising structures
Property and Equipment [Line Items]
Property and equipment	$ 1,852.4	$ 1,866.1
Advertising structures | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	5 years	5 years
Advertising structures | Maximum
Property and Equipment [Line Items]
Property and equipment, useful life	20 years	20 years
Furniture, equipment and other
Property and Equipment [Line Items]
Property and equipment	$ 157.9	$ 153.1
Furniture, equipment and other | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	3 years	3 years
Furniture, equipment and other | Maximum
Property and Equipment [Line Items]
Property and equipment, useful life	10 years	10 years
Construction in progress
Property and Equipment [Line Items]
Property and equipment	$ 30.2	$ 25.4

Property and Equipment, Net - N

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 21	$ 21.1

Long-Lived Assets Schedule of F

Long-Lived Assets Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross	$ 1,723.5	$ 1,697.8
Accumulated amortization	(1,160.8)	(1,146.9)
Intangible assets	562.7	550.9
Permits and leasehold agreements
Finite-Lived Intangible Assets [Line Items]
Gross	1,175.1	1,153.3
Accumulated amortization	(744.8)	(735.7)
Intangible assets	430.3	417.6
Franchise agreements
Finite-Lived Intangible Assets [Line Items]
Gross	501.5	497.4
Accumulated amortization	(375.1)	(371.1)
Intangible assets	126.4	126.3
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross	46.9	47.1
Accumulated amortization	(40.9)	(40.1)
Intangible assets	$ 6	$ 7

Long-Lived Assets Narrative (De

Long-Lived Assets Narrative (Details) - Intangible Assets - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 26.3	$ 24.7
Amortization of direct lease acquisition costs	$ 11.3	$ 10.3
Direct lease acquisition costs | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	28 days
Direct lease acquisition costs | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	1 year

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating lease assets	$ 1,470.9		$ 1,457
Short-term operating lease liabilities	180.8		168.3
Operating lease liabilities	$ 1,287.4		$ 1,285.1
Weighted average remaining lease term	10 years 3 months 18 days
Weighted average discount rate	5.70%
Variable lease costs	$ 22.1	$ 19.5
Cash paid for operating leases	108.6	94.2
Operating lease asset obtained in exchange for operating lease liability	77.2	147.6
Rental income	262.3	242
Operating expense
Lessee, Lease, Description [Line Items]
Operating lease costs	102.5	94.4
Selling, general and administrative
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 2.2	$ 2.1

Asset Retirement Obligation - N

Asset Retirement Obligation - Narrative (Details)	3 Months Ended
	Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation, expected term	50 years
Asset retirement obligations, description	The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years.

Asset Retirement Obligation - S

Asset Retirement Obligation - Schedule of Change in Asset Retirement Obligation (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
As of December 31, 2019	$ 35.1
Accretion expense	0.6
Liabilities settled	(0.6)
Foreign currency translation adjustments	(0.3)
As of March 31, 2020	$ 34.8

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)joint_ventureDisplays	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	50.00%
Equity method investments | $	$ 13.8		$ 15.4
Management fee revenue | $	$ 1.5	$ 1.7
Transit shelter joint ventures
Related Party Transaction [Line Items]
Equity method investment, number of investments | joint_venture	2
Acquired businesses
Related Party Transaction [Line Items]
Equity method investment, number of investments | joint_venture	5
Equity method investment, number of displays | Displays	11

Debt - Schedule of Debt Instrum

Debt - Schedule of Debt Instruments (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total short-term debt	$ 210	$ 195
Long-term debt, net	2,718	2,222.1
Total debt, net	$ 2,928	$ 2,417.1
Weighted average cost of debt	4.00%	4.50%
Secured debt | Term loan, due 2026
Debt Instrument [Line Items]
Maturity date	Nov. 18, 2026	Nov. 18, 2026
Senior unsecured notes | 5.625% senior unsecured notes, due 2024
Debt Instrument [Line Items]
Stated interest rate	5.625%	5.625%
Maturity date	Feb. 15, 2024	Feb. 15, 2024
Senior unsecured notes | 5.000% senior unsecured notes, due 2027
Debt Instrument [Line Items]
Stated interest rate	5.00%	5.00%
Maturity date	Aug. 15, 2027	Aug. 15, 2027
Senior unsecured notes | 4.625% senior unsecured notes, due 2030
Debt Instrument [Line Items]
Stated interest rate	4.625%	4.625%
Maturity date	Mar. 15, 2030	Mar. 15, 2030
Short-term debt | AR Facility
Debt Instrument [Line Items]
Credit facility, outstanding amount	$ 120	$ 105
Short-term debt | Repurchase facility
Debt Instrument [Line Items]
Credit facility, outstanding amount	90	90
Long-term debt
Debt Instrument [Line Items]
Debt issuance costs	(26.1)	(27.1)
Long-term debt | Secured debt | Term loan, due 2026
Debt Instrument [Line Items]
Long-term debt, net	597.5	597.5
Long-term debt | Senior unsecured notes
Debt Instrument [Line Items]
Long-term debt, net	1,651.6	1,651.7
Long-term debt | Senior unsecured notes | 5.625% senior unsecured notes, due 2024
Debt Instrument [Line Items]
Long-term debt, net	501.6	501.7
Long-term debt | Senior unsecured notes | 5.000% senior unsecured notes, due 2027
Debt Instrument [Line Items]
Long-term debt, net	650	650
Long-term debt | Senior unsecured notes | 4.625% senior unsecured notes, due 2030
Debt Instrument [Line Items]
Long-term debt, net	500	500
Long-term debt | Revolving credit facility
Debt Instrument [Line Items]
Credit facility, outstanding amount	$ 495	$ 0

Debt - Narrative (Details) - De

Debt - Narrative (Details) - Debt Instruments $ in Millions	Apr. 15, 2020	Mar. 25, 2020USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Proceeds from long-term debt borrowings			$ 495	$ 35
Debt Instrument, covenant description			The Credit Agreement also requires that, in connection with the incurrence of certain indebtedness, we maintain a Consolidated Total Leverage Ratio, which is the ratio of our consolidated total debt to our Consolidated EBITDA for the trailing four consecutive quarters, of no greater than 6.0 to 1.0.
Consolidated Total Leverage Ratio			5.4
Debt Covenant, Maximum Consolidated Total Leverage Ratio			6
Deferred financing costs			$ 30.7
Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt at fair value			$ 2,800		$ 2,500
Secured debt | Term loan, due 2026
Debt Instrument [Line Items]
Interest rate at period end			2.50%
Unamortized debt discount			$ 2.5
Maturity date			Nov. 18, 2026		Nov. 18, 2026
Senior unsecured notes | 5.625% senior unsecured notes, due 2024
Debt Instrument [Line Items]
Stated interest rate			5.625%		5.625%
Maturity date			Feb. 15, 2024		Feb. 15, 2024
Debt face amount			$ 100
Unamortized premium			$ 1.6
Revolving credit facility
Debt Instrument [Line Items]
Proceeds from long-term debt borrowings		$ 470
Debt Instrument, covenant description			The terms of the Credit Agreement (and under certain circumstances, the agreements governing the AR Securitization Facilities) require that we maintain a Consolidated Net Secured Leverage Ratio, which is the ratio of (i) our consolidated secured debt (less up to $150.0 million of unrestricted cash) to (ii) our Consolidated EBITDA (as defined in the Credit Agreement) for the trailing four consecutive quarters, of no greater than 4.5 to 1.0.
Maximum Consolidated Net Secured Leverage Ratio			2
Debt Covenant, Maximum Consolidated Net Secured Coverage Ratio, REIT Election			4.5
Revolving credit facility | Maximum
Debt Instrument [Line Items]
Debt covenant, restricted cash limit			$ 150
Subsequent event | Revolving credit facility
Debt Instrument [Line Items]
Debt Instrument, covenant description	On April 15, 2020, the Company, along with its wholly-owned subsidiaries, Finance LLC and Outfront Media Capital Corporation (together with Finance LLC, the “Borrowers”), and other guarantor subsidiaries party thereto, entered into an amendment (the “Amendment”) to the Credit Agreement. The Amendment provides that for the period from April 15, 2020 through September 30, 2021 (i) the Company’s Consolidated Net Secured Leverage Ratio shall be calculated by substituting the Company’s Consolidated EBITDA for each of the quarterly periods ended June 30, 2020 and September 30, 2020 included in any last twelve month compliance testing period, with the Company’s historical Consolidated EBITDA for each of the quarterly periods ended June 30, 2019 and September 30, 2019, respectively; and (ii) the Company will not make any Restricted Payments (as defined in the Credit Agreement) without the consent of the applicable lenders under the Credit Agreement, subject to certain exceptions such as payments necessary to maintain the Company’s REIT status, including any payments on any class of the Company’s capital stock that is required to be made prior to the payment of a dividend or distribution on the Company’s common stock and the Company’s existing payment obligations to holders of the Class A equity interests in Outfront Canada

Debt - Narrative (Details) - Li

Debt - Narrative (Details) - Line of Credit Facility - USD ($) $ in Millions	Apr. 17, 2020	Mar. 25, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	May 07, 2020
Line of Credit Facility [Line Items]
Proceeds from long-term debt borrowings			$ 495	$ 35
Repayments of Lines of Credit			$ 0	20
Variable interest rate			1.00%
Derivative liability			$ 8.9		$ 4.6
Fair Value, Inputs, Level 2
Line of Credit Facility [Line Items]
Interest rate cash flow hedge liability at fair value			8.9		$ 4.6
Interest Rate Swap
Line of Credit Facility [Line Items]
Derivative liability, notional amount			$ 200
Derivative, fixed interest rate			2.70%
Debt instrument, description of variable rate basis			one-month LIBOR
Maximum | Interest Rate Swap
Line of Credit Facility [Line Items]
Derivative, maturity date			Jun. 30, 2022
Revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 500
Proceeds from long-term debt borrowings		$ 470
Credit facility, expiration date			Nov. 18, 2024		Nov. 18, 2024
Commitment fee for unused commitments			$ 0.3	$ 0.4
Revolving credit facility | Long-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount			$ 495		$ 0
Credit facility, interest rate at period end			2.70%
Letter of credit sublimit to revolving credit facility
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount			$ 1.5
Letter of credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity			78
Letters of credit outstanding, amount			71
AR Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 125
Credit facility, expiration date			Jun. 30, 2022
AR Facility | Short-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount			$ 120		105
Short-term Debt, Weighted Average Interest Rate, at Point in Time			2.50%
Line of credit facility, remaining borrowing capacity			$ 0
AR Facility | Short-term debt | Subsequent event
Line of Credit Facility [Line Items]
Credit facility, outstanding amount						$ 118
Short-term Debt, Weighted Average Interest Rate, at Point in Time						2.00%
Repurchase facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 90
Credit facility, expiration date			Jun. 30, 2020
Repurchase facility | Subsequent event
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 80
Repayments of Lines of Credit	$ 10
Repurchase facility | Short-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount			$ 90		$ 90
Short-term Debt, Weighted Average Interest Rate, at Point in Time			2.00%
Line of credit facility, remaining borrowing capacity			$ 0
Repurchase facility | Short-term debt | Subsequent event
Line of Credit Facility [Line Items]
Credit facility, outstanding amount						$ 80
Short-term Debt, Weighted Average Interest Rate, at Point in Time						2.50%
AR securitization facilities | Maximum
Line of Credit Facility [Line Items]
Debt instrument, collateral amount			$ 304.5

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 13, 2017	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Nov. 21, 2017
Class of Stock [Line Items]
Common stock authorized (shares)		450,000,000		450,000,000
Common stock, par value per share ($ per share)		$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common stock issued (shares)		144,353,374		143,594,117
Common stock outstanding (shares)		144,353,374		143,594,117
Preferred stock authorized (shares)		50,000,000
Preferred stock, par value per share ($ per share)		$ 0.01
Preferred stock issued (shares)		0
Preferred stock outstanding (shares)		0
Distributions to holders of Class A equity interests of a subsidiary		$ 55.6	$ 51.8
Value of shares issued for services rendered			0.1
At-The-Market Equity Offering Program
Class of Stock [Line Items]
ATM Program, authorized amount outstanding		$ 232.5				$ 300
Shares issued under the ATM Program (shares)		0
Noncontrolling Interest
Class of Stock [Line Items]
Business Acquisition, Equity interest issued (shares)	1,953,407
Distributions to holders of Class A equity interests of a subsidiary		$ 0.4	$ 0.6
Equity interests redeemed during the period (shares)		1,026,727

Revenues Disaggregation of Reve

Revenues Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Billboard	$ 270.9	$ 251
Transit	114.4	120.7
Revenues	385.3	371.7
Static displays
Disaggregation of Revenue [Line Items]
Billboard	201.1	194.3
Transit	65.1	79
Digital displays
Disaggregation of Revenue [Line Items]
Billboard	60.4	47
Transit	27.7	16.6
Other
Disaggregation of Revenue [Line Items]
Billboard	9.4	9.7
Transit	7.4	8.8
Transit
Disaggregation of Revenue [Line Items]
Transit	100.2	104.4
Sports marketing and other
Disaggregation of Revenue [Line Items]
Transit	$ 14.2	$ 16.3

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Rental income	$ 262.3	$ 242

Revenues Revenue from External

Revenues Revenue from External Customers by Geographic Areas (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Billboard	$ 270.9	$ 251
Transit and other	114.4	120.7
Revenues	385.3	371.7
United States
Disaggregation of Revenue [Line Items]
Billboard	256.5	236.2
Revenues	368.9	354.7
Canada
Disaggregation of Revenue [Line Items]
Revenues	16.4	17
Transit and other
Disaggregation of Revenue [Line Items]
Transit and other	100.2	104.4
Transit and other | United States
Disaggregation of Revenue [Line Items]
Transit and other	98.2	102.2
Sports marketing and other
Disaggregation of Revenue [Line Items]
Transit and other	14.2	16.3
Sports marketing and other | United States
Disaggregation of Revenue [Line Items]
Transit and other	$ 14.2	$ 16.3

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) $ in Millions	May 05, 2020	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 0	$ 0.3
Restructuring reserve			$ 0.4
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring charges				$ 0.3
Subsequent event
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 4.2
Number of employees notified of termination	70
Number of employees furloughed	150

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)Displays	Dec. 31, 2020USD ($)Displays	Dec. 31, 2019USD ($)Displays
Business Acquisition [Line Items]
Noncash or part noncash acquisition, value of assets acquired	$ 6.6	$ 2.5
Acquired businesses
Business Acquisition [Line Items]
Noncash or part noncash acquisition, value of assets acquired				$ 35.4
Acquired businesses | Subsequent event
Business Acquisition [Line Items]
Noncash or part noncash acquisition, value of assets acquired			$ 9.2
Acquired businesses | Digital displays
Business Acquisition [Line Items]
Number of displays | Displays				14
Acquired businesses | Digital displays | Subsequent event
Business Acquisition [Line Items]
Number of displays | Displays			4
Acquired businesses | Static displays
Business Acquisition [Line Items]
Number of displays | Displays				7
Acquired businesses other
Business Acquisition [Line Items]
Noncash or part noncash acquisition, value of assets acquired		$ 24
Deposit for pending acquisition				$ 19
Acquired businesses other | Digital displays
Business Acquisition [Line Items]
Number of displays | Displays		8

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Allocation of Share-based Compensation Costs by Plan (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit	$ (0.4)	$ (0.3)
Stock-based compensation expense, net of tax	5.4	5
Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expenses, before income taxes	$ 5.8	$ 5.3

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price | $ / shares	$ 13.48
Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation not yet recognized, share-based awards other than options | $	$ 47.8
Compensation cost not yet recognized, period for recognition	2 years 4 months 24 days

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of RSU and PRSU Award Activity (Details)	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Non-vested as of December 31, 2019 (shares) | shares	2,024,768
Non-vested as of March 31, 2020 (shares) | shares	2,157,238
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Non-Vested, as of December 31, 2019 ($ per share) | $ / shares	$ 22.09
Weighted Average Grant Date Fair Value, Non-Vested, as of March 31, 2020 ($ per share) | $ / shares	$ 25.79
Restricted Stock Units (RSUs)
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Granted (shares) | shares	702,351
Vested (shares) | shares	(594,541)
Forfeitures (shares) | shares	(5,259)
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Grants ($ per share) | $ / shares	$ 30.63
Weighted Average Grant Date Fair Value, Vested ($ per share) | $ / shares	22.64
Weighted Average Grant Date Fair Value, Forfeited ($ per share) | $ / shares	$ 23.18
Performance Restricted Stock Units (PRSUs)
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Granted (shares) | shares	323,771
Vested (shares) | shares	(293,852)
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Grants ($ per share) | $ / shares	$ 29.60
Weighted Average Grant Date Fair Value, Vested ($ per share) | $ / shares	$ 22.49

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Stock Options Roll Forward (Details) - Stock options	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding as of December 31, 2019 (shares) | shares	126,528
Exercised (shares) | shares	(23,115)
Outstanding as of March 31, 2020 (shares) | shares	103,413
Exercisable as of March 31, 2020 (shares) | shares	103,413
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average exercise price, options outstanding, as of December 31, 2019 ($ per share) | $ / shares	$ 24.57
Weighted average exercise price, options exercised ($ per share) | $ / shares	16.43
Weighted average exercise price, options outstanding, as of March 31, 2020 ($ per share) | $ / shares	26.39
Weighted average exercise price, options exercisable, as of March 31, 2020 ($ per share) | $ / shares	$ 26.39

Retirement Benefits - Schedule

Retirement Benefits - Schedule of Net Benefit Costs (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost		$ 0.4	$ 0.5
Interest cost		0.7	0.5
Expected return on plan assets		(1.1)	(0.7)
Amortization of net actuarial losses	[1]	0.3	0.2
Net periodic pension cost		$ 0.3	$ 0.5
[1]	Reflects amounts reclassified from accumulated other comprehensive income to net income.

Retirement Benefits - Narrative

Retirement Benefits - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Retirement Benefits [Abstract]
Pension contributions	$ 0.4
Estimated employer contributions in current fiscal year	$ 1.4

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended
	Mar. 31, 2020
Minimum
Operating Loss Carryforwards [Line Items]
Open Tax Year	2016

Earnings Per Share ("EPS") (Det

Earnings Per Share ("EPS") (Details) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income available for common stockholders		$ 6.1	$ 6.1
Less: Distributions to holders of Class A equity interests of a subsidiary		55.6	51.8
Net income available for common stockholders, basic and diluted		$ 5.7	$ 5.5
Weighted average shares for basic EPS		143.9	140.7
Dilutive potential shares from grants of RSUs, PRSUs and stock options	[1]	0.8	0.4
Weighted average shares for diluted EPS		144.7	141.1
Noncontrolling Interest
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Less: Distributions to holders of Class A equity interests of a subsidiary		$ 0.4	$ 0.6
Noncontrolling Interest
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from EPS calculation (shares)		1.1	1.7
Stock compensation plan
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from EPS calculation (shares)		0.5	0.1
[1]	The potential impact of an aggregate 0.5 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2020 , and 0.1 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2019 , were antidilutive.

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)Displays
Standalone letters of credit and sublimit to revolving credit facility [Member]
Other Commitments [Line Items]
Letters of credit outstanding, amount | $	$ 72.5
Surety Bond
Other Commitments [Line Items]
Surety bonds outstanding | $	$ 162.1
MTA digital advertising screens on subway and train platforms
Other Commitments [Line Items]
Number of displays	8,565
MTA smaller-format digital advertising screens rolling stock
Other Commitments [Line Items]
Number of displays	37,716
MTA communication displays
Other Commitments [Line Items]
Number of displays	7,829
MTA displays installed
Other Commitments [Line Items]
Number of displays	5,253
Number of display additions	676

Commitment and Contingencies MT

Commitment and Contingencies MTA Agreement Schedule (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Change In MTA Deployment Costs [Roll Forward]
Prepaid MTA equipment deployment costs, beginning of period	$ 171.5	$ 79.5	$ 79.5
Intangible assets, gross, beginning of period	1,697.8
MTA deployment costs, beginning of period	209.8	94.3	94.3
Amortization of intangible assets	26.3	24.7
MTA equipment development cost additions	22		150.8
Prepaid MTA equipment deployment costs, end of period	189.7		171.5
Intangible assets, gross, end of period	1,723.5		1,697.8
MTA deployment costs, end of period	230.5		209.8
MTA equipment deployment costs
Change In MTA Deployment Costs [Roll Forward]
Deployment costs incurred	18.2		124.2
Recoupment	0		(32.2)
Amortization of intangible assets	(1.3)		(3.1)
Franchise agreements
Change In MTA Deployment Costs [Roll Forward]
Intangible assets, gross, beginning of period	497.4
Intangible assets, gross, end of period	501.5		497.4
Franchise agreements | MTA equipment deployment costs
Change In MTA Deployment Costs [Roll Forward]
Intangible assets, gross, beginning of period	38.3	$ 14.8	14.8
Intangible asset additions	3.8		26.6
Amortization of intangible assets	(1.3)		(3.1)
Intangible assets, gross, end of period	$ 40.8		$ 38.3

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2020segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment Information - Reconcili

Segment Information - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 385.3	$ 371.7
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Revenues	354.7	338.4
Operating segments | Other
Segment Reporting Information [Line Items]
Revenues	$ 30.6	$ 33.3

Segment Information - Adjusted

Segment Information - Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Net income before allocation to non-controlling interests	$ 6.3	$ 6.1
Provision for income taxes	(1.7)	(1)
Equity in earnings of investee companies, net of tax	(0.4)	(0.8)
Interest expense, net	29.8	32.7
Other income, net	(0.2)	(0.1)
Operating income	33.8	36.9
Restructuring charges	0	0.3
Net gain on dispositions	(0.1)	(1.5)
Depreciation and amortization	47.3	45.8
Stock-based compensation	5.8	5.3
Adjusted OIBDA	86.8	86.8
Capital expenditures	18.2	18.1
Operating segments
Segment Reporting Information [Line Items]
Operating income	33.8	36.9
Net gain on dispositions	(0.1)	(1.5)
Depreciation and amortization	47.3	45.8
Capital expenditures	18.2	18.1
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Operating income	47.4	55.5
Net gain on dispositions	(0.1)	(1.5)
Depreciation and amortization	43.5	40.6
Adjusted OIBDA	90.8	94.6
Capital expenditures	17.3	17.3
Operating segments | Other
Segment Reporting Information [Line Items]
Operating income	(3.3)	(4)
Depreciation and amortization	3.8	5.2
Adjusted OIBDA	0.5	1.2
Capital expenditures	0.9	0.8
Corporate
Segment Reporting Information [Line Items]
Operating income	(10.3)	(14.6)
Restructuring charges		0.3
Adjusted OIBDA	$ (4.5)	$ (9)

Segment Information - Reconci_2

Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total assets	$ 5,804.3	$ 5,382.3
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Total assets	5,114.6	5,077.1
Operating segments | Other
Segment Reporting Information [Line Items]
Total assets	255.6	284
Corporate
Segment Reporting Information [Line Items]
Total assets	$ 434.1	$ 21.2

Subsequent Event - Narrative (D

Subsequent Event - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 20, 2020	Apr. 20, 2028	Apr. 21, 2027	Apr. 16, 2020	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Subsequent Event [Line Items]
Par value per share ($ per share)					$ 0.01
Common stock, par value per share ($ per share)					$ 0.01	$ 0.01	$ 0.01	$ 0.01
Subsequent event
Subsequent Event [Line Items]
Common stock, par value per share ($ per share)	$ 0.01
Dividend period	12 months
Series A Convertible Perpetual Preferred Stock | Subsequent event
Subsequent Event [Line Items]
Terms of conversion	The Series A Preferred Stock is convertible at the option of any holder at any time into shares of our common stock at an initial conversion price of $16.00 per share and an initial conversion rate of 62.50 shares of our common stock per share of Series A Preferred Stock, subject to certain anti-dilution adjustments. The issuance of shares of our common stock upon the conversion of Series A Preferred Stock is subject to a cap equal to 28,856,239 shares of our common stock (the “Share Cap”), unless and until the Company obtains stockholder approval to the extent required for the issuance of additional shares. Any amounts owed above the Share Cap must be paid in cash. Subject to certain conditions, at the Company’s option, (i) after the third anniversary of the Closing Date, all of the Series A Preferred Stock may be converted into shares of our common stock, and (ii) after the seventh anniversary of the Closing Date, all of the Series A Preferred Stock may be redeemed for cash at a redemption price equal to 100% of the liquidation preference of the Series A Preferred Stock, plus any accrued and unpaid dividends. Subject to certain conditions, each holder of the Series A Preferred Stock, after a Change of Control (as defined in the Articles) may (i) require the Company to purchase any or all of their shares of Series A Preferred Stock at a redemption price payable in cash equal to 105% of the liquidation preference of the Series A Preferred Stock, plus any accrued and unpaid dividends, or (ii) convert any or all of their shares of Series A Preferred Stock into the number of shares of our common stock equal to the liquidation preference (including accrued and unpaid dividends) divided by the then-applicable conversion price.
Issued (shares)	400,000
Par value per share ($ per share)	$ 0.01
Price per share ($ per share)	$ 1,000
Proceeds	$ 400
Dividend rate	7.00%
Annual dividend rate increase		0.75%
Conversion price ($ per share)	$ 16
Common stock issued upon conversion (shares)	62.50
Redemption price as a percentage of liquidation preference			100.00%
Redemption price after change of control as a percentage of liquidation preference	105.00%
Maximum | Subsequent event
Subsequent Event [Line Items]
Dividend percentage in excess of required distributions for a REIT	5.00%
Maximum | Series A Convertible Perpetual Preferred Stock | Subsequent event
Subsequent Event [Line Items]
Common stock issuable upon conversion (shares)	28,856,239
Minimum | Series A Convertible Perpetual Preferred Stock | Subsequent event
Subsequent Event [Line Items]
Required approval % of holders	75.00%
Providence Purchasers | Maximum | Subsequent event
Subsequent Event [Line Items]
Percentage of outstanding common stock				3.44%
Ares Purchasers | Maximum | Subsequent event
Subsequent Event [Line Items]
Percentage of outstanding common stock				1.56%
Ares Purchasers | Minimum | Common stock | Subsequent event
Subsequent Event [Line Items]
Required approval % of holders	90.00%