Outfront Media (OUT) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 03, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Quarterly period ended	Jun. 30, 2022
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
Title of 12(b) Security	Common Stock, $0.01, par value
Trading Symbol	OUT
Security Exchange Name	NYSE
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
Shares outstanding (shares)		164,046,342
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Central Index Key	0001579877

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 117	$ 424.8
Receivables, less allowance ($19.6 in 2022 and $18.5 in 2021)	288.4	310.5
Prepaid lease and franchise costs	7.5	12.5
Other prepaid expenses	20.1	17.8
Other current assets	8.8	11.7
Total current assets	441.8	777.3
Noncurrent assets:
Property and equipment, net	679.6	647.9
Goodwill	2,077.5	2,077.8
Intangible assets	806.6	614.9
Operating lease assets	1,531.2	1,485.5
Prepaid MTA equipment deployment costs	327.9	279.8
Other assets	44.4	41.5
Total assets	5,909	5,924.7
Current liabilities:
Accounts payable	57.9	64.9
Accrued compensation	54.4	74.5
Accrued interest	30.8	30.7
Accrued lease and franchise costs	58.9	60.1
Other accrued expenses	45.4	40.3
Deferred revenues	41.9	30.9
Short-term operating lease liabilities	196.9	187.5
Other current liabilities	19.8	18.8
Total current liabilities	506	507.7
Noncurrent liabilities:
Long-term debt, net	2,623.3	2,620.6
Deferred income tax liabilities, net	16.6	17.2
Asset retirement obligation	37.3	36.4
Operating lease liabilities	1,345.6	1,308.4
Other liabilities	40.9	43.9
Total liabilities	4,569.7	4,534.2
Commitments and contingencies
Preferred stock (2022 - 50.0 shares authorized, and 0.1 shares of Series A Preferred Stock issued and outstanding; 2021 - 50.0 shares authorized, and 0.4 shares of Series A Preferred Stock issued and outstanding)	119.8	383.4
Stockholders’ equity:
Common stock (2022 - 450.0 shares authorized, and 164.0 shares issued and outstanding; 2021 - 450.0 shares authorized, and 145.6 issued and outstanding)	1.6	1.5
Additional paid-in capital	2,399.8	2,119
Distribution in excess of earnings	(1,180.4)	(1,122)
Accumulated other comprehensive loss	(5.6)	(4.4)
Total stockholders' equity	1,215.4	994.1
Non-controlling interests	4.1	13
Total equity	1,339.3	1,390.5
Total liabilities and equity	$ 5,909	$ 5,924.7

Consolidated Statement of Finan

Consolidated Statement of Financial Position (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 19.6	$ 18.5
Preferred stock authorized (shares)	50,000,000	50,000,000
Series A Preferred Stock issued (shares)	125,000	400,000
Series A Preferred Stock outstanding (shares)	125,000	400,000
Common stock authorized (shares)	450,000,000	450,000,000
Common stock issued (shares)	164,046,342	145,600,000
Common stock outstanding (shares)	164,000,000	145,600,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Billboard	$ 354	$ 287.3	$ 652.2	$ 510.9
Transit and other	96.2	53.7	171.5	89.3
Total revenues	450.2	341	823.7	600.2
Expenses:
Operating	226.5	189.6	439.3	367.2
Selling, general and administrative	106.9	88.9	205.3	165.4
Net (gain) loss on dispositions	0.2	(2.9)	(0.1)	(3.2)
Depreciation	19.4	20	38.7	40
Amortization	17.3	16.3	32.1	32.7
Total expenses	370.3	311.9	715.3	602.1
Operating income (loss)	79.9	29.1	108.4	(1.9)
Interest expense, net	(31.6)	(32.1)	(62.3)	(66.7)
Loss on extinguishment of debt	0	0	0	(6.3)
Other income, net	0.1	0	0	0
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies	48.4	(3)	46.1	(74.9)
Benefit (provision) for income taxes	(1.2)	2.4	0.9	7.1
Equity in earnings of investee companies, net of tax	1.2	(0.1)	1.5	(0.5)
Net income (loss) before allocation to non-controlling interests	48.4	(0.7)	48.5	(68.3)
Net income attributable to non-controlling interests	0.4	0.2	0.6	0.3
Net income (loss) attributable to OUTFRONT Media Inc.	$ 48	$ (0.9)	$ 47.9	$ (68.6)
Net income (loss) per common share:
Basic (in dollars per share)	$ 0.28	$ (0.05)	$ 0.25	$ (0.57)
Diluted (in dollars per share)	$ 0.28	$ (0.05)	$ 0.25	$ (0.57)
Weighted average shares outstanding:
Basic (in shares)	164	145.6	158	145.2
Diluted (in shares)	164.6	145.6	158.8	145.2

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss) before allocation to non-controlling interests	$ 48.4	$ (0.7)	$ 48.5	$ (68.3)
Net income attributable to non-controlling interests	0.4	0.2	0.6	0.3
Net income (loss) attributable to OUTFRONT Media Inc.	48	(0.9)	47.9	(68.6)
Other comprehensive income (loss), net of tax:
Cumulative translation adjustments	(4.3)	2.4	(1.6)	3.7
Change in fair value of interest rate swap agreements	0.1	1.4	0.4	2.6
Total other comprehensive income (loss), net of tax	(4.2)	3.8	(1.2)	6.3
Total comprehensive income (loss)	$ 43.8	$ 2.9	$ 46.7	$ (62.3)

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Millions	Total	Series A Preferred Stock	Common stock	Series A Preferred Stock	Common stock	Additional Paid-in Capital	Distribution in Excess of Earnings	Distribution in Excess of Earnings Series A Preferred Stock	Distribution in Excess of Earnings Common stock	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Series A Preferred Stock outstanding (shares) at Dec. 31, 2020				400,000
Series A Preferred Stock (dollars) at Dec. 31, 2020				$ 383.4
Increase (Decrease) in Temporary Equity [Roll Forward]
Dividends		$ (14)						$ (14)
Series A Preferred Stock outstanding (shares) at Jun. 30, 2021				400,000
Series A Preferred Stock (dollars) at Jun. 30, 2021				$ 383.4
Total stockholders' equity at Dec. 31, 2020	$ 973.8				$ 1.4	$ 2,090.8	$ (1,100.4)			$ (18)
Non-controlling interests at Dec. 31, 2020											$ 26.5
Total equity at Dec. 31, 2020	1,383.7
Common stock outstanding (shares) at Dec. 31, 2020					144,500,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to OUTFRONT Media Inc.	(68.6)						(68.6)
Net income attributable to non-controlling interests	0.3										0.3
Net income (loss) before allocation to non-controlling interests	(68.3)
Other comprehensive income	6.3									6.3
Other comprehensive income (loss) - total equity	6.3
Stock-based payments: Vested (shares)					1,100,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	0.1				$ 0.1
Stock-based payments: Amortization	13.5					13.5
Shares paid for tax withholding for stock-based payments (shares)					(500,000)
Shares paid for tax withholding for stock-based payments	(8.9)					(8.9)
Decrease in non-controlling interests due to redemptions											(11)
Dividends		(14)						(14)
Class A equity interest redemptions	11					11
Class A equity interest redemptions (shares)					500,000
Other stockholders equity	(3.3)					(3.3)
Other	(5)
Noncontrolling interests - Other											(1.7)
Total stockholders' equity at Jun. 30, 2021	909.9				$ 1.5	2,103.1	(1,183)			(11.7)
Non-controlling interests at Jun. 30, 2021											14.1
Total equity at Jun. 30, 2021	1,307.4
Common stock outstanding (shares) at Jun. 30, 2021					145,600,000
Series A Preferred Stock outstanding (shares) at Mar. 31, 2021				400,000
Series A Preferred Stock (dollars) at Mar. 31, 2021				$ 383.4
Increase (Decrease) in Temporary Equity [Roll Forward]
Dividends		(7)						(7)
Series A Preferred Stock outstanding (shares) at Jun. 30, 2021				400,000
Series A Preferred Stock (dollars) at Jun. 30, 2021				$ 383.4
Total stockholders' equity at Mar. 31, 2021	906.4				$ 1.5	2,095.5	(1,175.1)			(15.5)
Non-controlling interests at Mar. 31, 2021											14.4
Total equity at Mar. 31, 2021	1,304.2
Common stock outstanding (shares) at Mar. 31, 2021					145,500,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to OUTFRONT Media Inc.	(0.9)						(0.9)
Net income attributable to non-controlling interests	0.2
Net income (loss) before allocation to non-controlling interests	(0.7)
Other comprehensive income	3.8									3.8
Other comprehensive income (loss) - total equity	3.8
Stock-based payments: Vested (shares)					100,000
Stock-based payments: Amortization	7.5					7.5
Shares paid for tax withholding for stock-based payments	(0.2)					(0.2)
Decrease in non-controlling interests due to redemptions											(0.3)
Dividends		(7)						(7)
Class A equity interest redemptions	0.3					0.3
Other stockholders equity	(0.2)
Noncontrolling interests - Other											(0.2)
Total stockholders' equity at Jun. 30, 2021	909.9				$ 1.5	2,103.1	(1,183)			(11.7)
Non-controlling interests at Jun. 30, 2021											14.1
Total equity at Jun. 30, 2021	$ 1,307.4
Common stock outstanding (shares) at Jun. 30, 2021					145,600,000
Series A Preferred Stock outstanding (shares) at Dec. 31, 2021	400,000			400,000
Series A Preferred Stock (dollars) at Dec. 31, 2021	$ 383.4			$ 383.4
Increase (Decrease) in Temporary Equity [Roll Forward]
Stock Redeemed or Called During Period, Shares				(300,000)
Stock Redeemed or Called During Period, Value				$ (266.8)
Dividends		(7.6)	$ (98.7)	$ 3.2				(7.6)	$ (98.7)
Series A Preferred Stock outstanding (shares) at Jun. 30, 2022	125,000			100,000
Series A Preferred Stock (dollars) at Jun. 30, 2022	$ 119.8			$ 119.8
Total stockholders' equity at Dec. 31, 2021	994.1				$ 1.5	2,119	(1,122)			(4.4)
Non-controlling interests at Dec. 31, 2021	13										13
Total equity at Dec. 31, 2021	$ 1,390.5
Common stock outstanding (shares) at Dec. 31, 2021	145,600,000				145,600,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to OUTFRONT Media Inc.	$ 47.9						47.9
Net income attributable to non-controlling interests	0.6										0.6
Net income (loss) before allocation to non-controlling interests	48.5
Other comprehensive income	(1.2)									(1.2)
Other comprehensive income (loss) - total equity	(1.2)
Stock-based payments: Vested (shares)					1,000,000
Stock-based payments: Amortization	16.4					16.4
Shares paid for tax withholding for stock-based payments (shares)					(400,000)
Shares paid for tax withholding for stock-based payments	(10.9)					(10.9)
Conversion of Stock, Amount Issued	266.8				$ 0.1	266.7
Decrease in non-controlling interests due to redemptions											(8.6)
Dividends		(7.6)	(98.7)	3.2				(7.6)	(98.7)
Dividends, Preferred Stock, Cash		(4.4)
Stock Redeemed or Called During Period, Value				$ (266.8)
Stock Redeemed or Called During Period, Shares				(300,000)
Stock Issued During Period, Shares, Conversion of Convertible Securities					17,400,000
Class A equity interest redemptions	8.6					8.6
Class A equity interest redemptions (shares)					400,000
Other	(0.9)
Noncontrolling interests - Other											(0.9)
Total stockholders' equity at Jun. 30, 2022	1,215.4				$ 1.6	2,399.8	(1,180.4)			(5.6)
Non-controlling interests at Jun. 30, 2022	4.1										4.1
Total equity at Jun. 30, 2022	$ 1,339.3
Common stock outstanding (shares) at Jun. 30, 2022	164,000,000				164,000,000
Series A Preferred Stock outstanding (shares) at Mar. 31, 2022				100,000
Series A Preferred Stock (dollars) at Mar. 31, 2022				$ 119.8
Increase (Decrease) in Temporary Equity [Roll Forward]
Dividends		(2.2)	(49.4)					(2.2)	(49.4)
Series A Preferred Stock outstanding (shares) at Jun. 30, 2022	125,000			100,000
Series A Preferred Stock (dollars) at Jun. 30, 2022	$ 119.8			$ 119.8
Total stockholders' equity at Mar. 31, 2022	1,214.7				$ 1.6	2,391.3	(1,176.8)			(1.4)
Non-controlling interests at Mar. 31, 2022											4.4
Total equity at Mar. 31, 2022	1,338.9
Common stock outstanding (shares) at Mar. 31, 2022					164,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to OUTFRONT Media Inc.	48						48
Net income attributable to non-controlling interests	0.4
Net income (loss) before allocation to non-controlling interests	48.4
Other comprehensive income	(4.2)									(4.2)
Other comprehensive income (loss) - total equity	(4.2)
Stock-based payments: Amortization	8.5					8.5
Dividends		$ (2.2)	$ (49.4)					$ (2.2)	$ (49.4)
Other						(0.7)
Noncontrolling interests - Other											(0.7)
Total stockholders' equity at Jun. 30, 2022	1,215.4				$ 1.6	$ 2,399.8	$ (1,180.4)			$ (5.6)
Non-controlling interests at Jun. 30, 2022	4.1										$ 4.1
Total equity at Jun. 30, 2022	$ 1,339.3
Common stock outstanding (shares) at Jun. 30, 2022	164,000,000				164,000,000

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Common stock, par value per share ($ per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Series A Preferred Stock, par value per share ($ per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Series A Preferred Stock dividend rate (%)	7%	7%	7%	7%
Dividends declared per common share ($ per share)	$ 0.30		$ 0.60

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities:
Net income (loss) attributable to OUTFRONT Media Inc.	$ 47.9	$ (68.6)
Adjustments to reconcile net income (loss) to net cash flow provided by operating activities:
Net income attributable to non-controlling interests	0.6	0.3
Depreciation and amortization	70.8	72.7
Deferred tax benefit	(2.5)	(7.1)
Stock-based compensation	16.4	13.5
Provision (recovery) for doubtful accounts	1.7	(4.4)
Accretion expense	1.4	1.3
Net gain on dispositions	(0.1)	(3.2)
Loss on extinguishment of debt	0	6.3
Equity in earnings of investee companies, net of tax	(1.5)	0.5
Distributions from investee companies	0.4	0.4
Amortization of deferred financing costs and debt discount and premium	3.3	3.8
Change in assets and liabilities, net of investing and financing activities:
Decrease in receivables	20.1	10.7
Increase in prepaid MTA equipment deployment costs	(48.1)	(25)
Decrease in prepaid expenses and other current assets	4.5	10.2
Decrease in accounts payable and accrued expenses	(24.9)	(18)
Increase in operating lease assets and liabilities	2.9	2.1
Increase in deferred revenues	11	14.1
Decrease in income taxes	(1.3)	(1.3)
Other, net	(1.5)	5.3
Net cash flow provided by operating activities	101.1	13.6
Investing Activities:
Capital expenditures	(41.8)	(25.5)
Acquisitions	(248.6)	(42.7)
MTA franchise rights	(5.1)	(10)
Net proceeds from dispositions	1.1	1.2
Net cash flow used for investing activities	(294.4)	(77)
Financing Activities:
Proceeds from long-term debt borrowings	0	500
Repayments of long-term debt borrowings	0	(500)
Repayments of borrowings under short-term debt facilities	0	(80)
Payments of deferred financing costs	(0.4)	(7.3)
Payments of debt extinguishment charges	0	(4.7)
Taxes withheld for stock-based compensation	(10.9)	(8.9)
Dividends	(102.9)	(14.3)
Other	0	(3.7)
Net cash flow used for financing activities	(114.2)	(118.9)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(0.3)	0.9
Net decrease in cash, cash equivalents and restricted cash	(307.8)	(181.4)
Cash, cash equivalents and restricted cash at beginning of period	424.8	712
Cash, cash equivalents and restricted cash at end of period	117	530.6
Supplemental disclosure of cash flow Information:
Cash paid for income taxes	2.9	1.4
Cash paid for interest	59.6	57.3
Non-cash investing and financing activities:
Accrued purchases of property and equipment	4.9	6.2
Accrued MTA franchise rights	3.6	4.5
Taxes withheld for stock-based compensation	$ 0	$ 0.1

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2022
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. In total, we have displays in all of the 25 largest markets in the U.S. and approximately 150 markets across the U.S. and Canada. We currently manage our operations through two operating segments—U.S. Billboard and Transit, which is included in our U.S. Media reportable segment, and International. 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. 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, 2021, filed with the SEC on February 24, 2022. 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 at 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 ongoing 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. 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	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Standards	New Accounting Standards Recent Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued guidance providing optional expedients and exceptions for accounting for contracts, hedging relationships and other transactions that reference to the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform, if certain criteria are met. The guidance is effective for all entities as of March 12, 2020, through December 31, 2022. We do not expect this guidance to impact our accounting for our existing debt and hedging instruments.

Restricted Cash

Restricted Cash	6 Months Ended
	Jun. 30, 2022
Restricted Cash [Abstract]
Restricted Cash	Restricted Cash In August 2021, the escrow agreement in connection with one of our transit franchise contracts, which required us to deposit funds into an escrow account to fund capital expenditures over the term of the transit franchise contract, was terminated. As of June 30, 2022, we have no restricted cash. As of (in millions) June 30, June 30, December 31, 2021 Cash and cash equivalents $ 117.0 $ 529.0 $ 424.8 Restricted cash — 1.6 — Cash, cash equivalents and restricted cash $ 117.0 $ 530.6 $ 424.8

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 30, 2022
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 June 30, December 31, Land $ 113.7 $ 102.9 Buildings 15 to 35 years 56.5 50.3 Advertising structures 3 to 20 years 1,975.8 1,937.4 Furniture, equipment and other 3 to 10 years 178.5 171.3 Construction in progress 39.3 38.7 2,363.8 2,300.6 Less: Accumulated depreciation 1,684.2 1,652.7 Property and equipment, net $ 679.6 $ 647.9

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	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 June 30, 2022: Permits and leasehold agreements $ 1,522.0 $ (839.8) $ 682.2 Franchise agreements 532.3 (409.8) 122.5 Other intangible assets 4.9 (3.0) 1.9 Total intangible assets $ 2,059.2 $ (1,252.6) $ 806.6 As of December 31, 2021: Permits and leasehold agreements $ 1,303.6 $ (816.5) $ 487.1 Franchise agreements 528.2 (402.7) 125.5 Other intangible assets 4.9 (2.6) 2.3 Total intangible assets $ 1,836.7 $ (1,221.8) $ 614.9 In the six months ended June 30, 2022, we acquired approximately 1,000 displays, resulting in amortizable intangible assets for permits and leasehold agreements of $220.0 million, which are amortized using the straight-line method over their estimated useful lives, an average period of 16.5 years. All of our intangible assets, except goodwill, are subject to amortization. Amortization expense was $17.3 million in the three months ended June 30, 2022, $16.3 million in the three months ended June 30, 2021, $32.1 million in the six months ended June 30, 2022, and $32.7 million in the six months ended June 30, 2021.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Leases Lessee The following table presents our operating lease assets and liabilities: As of (in millions, except years and percentages) June 30, December 31, Operating lease assets $ 1,531.2 $ 1,485.5 Short-term operating lease liabilities 196.9 187.5 Non-current operating lease liabilities 1,345.6 1,308.4 Weighted-average remaining lease term 10.8 years 10.5 years Weighted-average discount rate 5.4% 5.2 % The components of our lease expenses were as follows: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Operating expenses $ 111.7 $ 99.9 $ 218.4 $ 193.6 Selling, general and administrative expenses 2.7 2.4 5.4 4.5 Variable costs 27.8 19.3 52.8 33.2 For each of the three and six months ended June 30, 2022 and 2021, sublease income was immaterial. For the six months ended June 30, 2022, cash paid for operating leases was $224.7 million and leased assets obtained in exchange for new operating lease liabilities was $152.3 million. For the six months ended June 30, 2021, cash paid for operating leases was $190.9 million and leased assets obtained in exchange for new operating lease liabilities was $139.9 million. Lessor We recorded rental income of $342.2 million for the three months ended June 30, 2022, $277.6 million for the three months ended June 30, 2021, $630.5 million for the six months ended June 30, 2022, and $493.4 million for the six months ended June 30, 2021, in Revenues

Asset Retirement Obligation

Asset Retirement Obligation	6 Months Ended
	Jun. 30, 2022
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, 2021 $ 36.4 Accretion expense 1.4 Additions 0.4 Liabilities settled (0.9) As of June 30, 2022 $ 37.3

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
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 four joint ventures which currently operate a total of seven billboard displays in New York and Boston. All of these joint ventures are accounted for as equity investments. These investments totaled $12.2 million as of June 30, 2022, and $11.2 million as of December 31, 2021, 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 $2.3 million in the three months ended June 30, 2022, $1.3 million in the three months ended June 30, 2021, $4.0 million in the six months ended June 30, 2022, and $2.4 million in the six months ended June 30, 2021.

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt Debt, net, consists of the following: As of (in millions, except percentages) June 30, December 31, Long-term debt: Term loan, due 2026 $ 598.4 $ 598.2 Senior unsecured notes: 6.250% senior unsecured notes, due 2025 400.0 400.0 5.000% senior unsecured notes, due 2027 650.0 650.0 4.250% senior unsecured notes, due 2029 500.0 500.0 4.625% senior unsecured notes, due 2030 500.0 500.0 Total senior unsecured notes 2,050.0 2,050.0 Debt issuance costs (25.1) (27.6) Total long-term debt, net 2,623.3 2,620.6 Total debt, net $ 2,623.3 $ 2,620.6 Weighted average cost of debt 4.6 % 4.3 % Term Loan The interest rate on the term loan due in 2026 (the “Term Loan”) was 3.4% per annum as of June 30, 2022. As of June 30, 2022, a discount of $1.6 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”). As of June 30, 2022, there were no outstanding borrowings under the Revolving Credit Facility. The commitment fee based on the amount of unused commitments under the Revolving Credit Facility was $0.4 million in the three months ended June 30, 2022, $0.5 million in the three months ended June 30, 2021, $0.8 million in the six months ended June 30, 2022, and $0.9 million in the six months ended June 30, 2021. As of June 30, 2022, we had issued letters of credit totaling approximately $4.1 million against the letter of credit facility sublimit under the Revolving Credit Facility. Standalone Letter of Credit Facilities As of June 30, 2022, we had issued letters of credit totaling approximately $72.7 million under our aggregate $81.0 million standalone letter of credit facilities. The total fees under the letter of credit facilities were immaterial in each of the three and six months ended June 30, 2022 and 2021. Accounts Receivable Securitization Facility As of June 30, 2022, we have a $150.0 million revolving accounts receivable securitization facility (the “AR Facility”), which terminates in May 2025, unless further extended. On June 1, 2022, the Company, certain subsidiaries of the Company and MUFG Bank, Ltd. (“MUFG”) entered into an amendment to the agreements governing the AR Facility, pursuant to which the Company (i) increased the borrowing capacity under the AR Facility from $125.0 million to $150.0 million; (ii) extended the term of the AR Facility so that it now terminates on May 30, 2025, unless further extended; and (iii) increased the delinquency and termination ratios under the AR Facility for the tenure of the agreements to provide additional flexibility to the Company. The amendment to the agreements governing the AR Facility do not change how we account for the AR Facility as a collateralized financing activity. In connection with the AR Facility, 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 may 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. As of June 30, 2022, there were no outstanding borrowings under the AR Facility. As of June 30, 2022, borrowing capacity remaining under the AR Facility was $150.0 million based on approximately $319.7 million of accounts receivable that could be used as collateral for the AR Facility in accordance with the agreements governing the AR Facility. The commitment fee based on the amount of unused commitments under the AR Facility was immaterial for each of the three and six months ended June 30, 2022 and 2021. 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 Facility, 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 restrict the Company’s and its 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 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, (ii) enter into agreements restricting certain subsidiaries’ ability to pay dividends or make other intercompany or third-party transfers, and (iii) incur additional indebtedness. One of the exceptions to the restriction on our ability to incur additional indebtedness is satisfaction of a Consolidated Total Leverage Ratio, which is the ratio of our consolidated total debt to our Consolidated EBITDA (as defined in the Credit Agreement) for the trailing four consecutive quarters, of no greater than 6.0 to 1.0. As of June 30, 2022, our Consolidated Total Leverage Ratio was 5.1 to 1.0 in accordance with the Credit Agreement. The terms of the Credit Agreement (and under certain circumstances, the agreements governing the AR Facility) 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 June 30, 2022, our Consolidated Net Secured Leverage Ratio was 0.9 to 1.0 in accordance with the Credit Agreement. As of June 30, 2022, we are in compliance with our debt covenants. Deferred Financing Costs As of June 30, 2022, we had deferred $27.6 million in fees and expenses associated with the Term Loan, Revolving Credit Facility, AR Facility 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 Facility and our senior unsecured notes. Interest Rate Swap Agreement We had an interest rate cash flow swap agreement 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, which matured in June 2022. The fair value of this swap position was a net liability of approximately $0.4 million as of December 31, 2021, and is included in Other current liabilities on our Consolidated Statement of Financial Position. Fair Value

Equity

Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Equity	EquityAs of June 30, 2022, 450,000,000 shares of our common stock, par value $0.01 per share, were authorized, of which 164,046,342 shares were issued and outstanding; and 50,000,000 shares of our preferred stock, par value $0.01 per share, were authorized, of which 125,000 shares of Series A Convertible Perpetual Preferred Stock (the “Series A Preferred Stock”), par value $0.01 per share, were issued and outstanding. The Series A Preferred Stock ranks senior to the shares of the Company’s common stock 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, subject to increases 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 April 20, 2028, 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, without the consent of a specified percentage of holders of shares of Series A Preferred Stock, 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. If any dividends or distributions in respect of the shares of our common stock are paid in cash, the shares of Series A Preferred Stock will participate in the dividends or distributions on an as-converted basis up to the amount of their accrued dividend 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 and a share cap as set forth in the Articles. Subject to certain conditions set forth in the Articles (including a change of control), each of the Company and the holders of the Series A Preferred Stock may convert or redeem the Series A Preferred Stock at the prices set forth in the Articles, plus any accrued and unpaid dividends. On March 1, 2022, 275,000 shares of Series A Preferred Stock were converted into approximately 17.4 million shares of the Company’s common stock, which included $3.2 million of accrued and unpaid dividends through and including the conversion date that were settled in the Company’s common stock in accordance with the Articles. During the three months ended June 30, 2022, we paid cash dividends of $2.2 million on the Series A Preferred Stock and during the six months ended June 30, 2022, we paid cash dividends of $4.4 million on the Series A Preferred Stock. As of June 30, 2022, the maximum number of shares of common stock that could be required to be issued on conversion of the outstanding shares of Series A Preferred Stock was approximately 7.8 million shares. 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”), which, among other things, were (i) 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, and (ii) redeemable by the holders in exchange for shares of the Company’s common stock on a one-for-one basis. As of June 30, 2022, all Class A equity interests have been redeemed for shares of the Company’s common stock and no Class A equity interests were outstanding. During the six months ended June 30, 2022, we made distributions of $0.1 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. 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 six months ended June 30, 2022. As of June 30, 2022, we had approximately $232.5 million of capacity remaining under the ATM Program. On August 3, 2022, we announced that our board of directors approved a quarterly cash dividend of $0.30 per share on our common stock, payable on September 30, 2022, to stockholders of record at the close of business on September 2, 2022.

Revenues

Revenues	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenues	Revenues The following table summarizes revenues by source: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Billboard: Static displays $ 241.7 $ 208.3 $ 447.7 $ 373.4 Digital displays 99.9 68.9 181.3 118.2 Other 12.4 10.1 23.2 19.3 Billboard revenues 354.0 287.3 652.2 510.9 Transit: Static displays 55.5 34.6 96.7 58.5 Digital displays 32.2 11.9 58.1 18.3 Other 7.1 6.2 13.5 10.8 Total transit revenues 94.8 52.7 168.3 87.6 Other 1.4 1.0 3.2 1.7 Transit and other revenues 96.2 53.7 171.5 89.3 Total revenues $ 450.2 $ 341.0 $ 823.7 $ 600.2 Rental income was $342.2 million in the three months ended June 30, 2022, $277.6 million in the three months ended June 30, 2021, $630.5 million in the six months ended June 30, 2022, and $493.4 million in the six months ended June 30, 2021, and is recorded in Billboard revenues on the Consolidated Statement of Operations. The following table summarizes revenues by geography: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 United States: Billboard $ 332.1 $ 271.8 $ 615.5 $ 484.3 Transit and other 90.4 50.0 161.2 82.9 Other 1.4 1.0 3.2 1.7 Total United States revenues 423.9 322.8 779.9 568.9 Canada 26.3 18.2 43.8 31.3 Total revenues $ 450.2 $ 341.0 $ 823.7 $ 600.2 We recognized substantially all of the Deferred revenues on the Consolidated Statement of Financial Position as of December 31, 2021, during the three months ended March 31, 2022.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions We completed several asset acquisitions for a total purchase price of approximately $248.6 million in the six months ended June 30, 2022, and $42.7 million in the six months ended June 30, 2021. In the second quarter of 2022, we completed the acquisition of approximately 950 billboard displays, including 21 digital displays, as well as certain business assets, in Portland, Oregon, and Clark County, Washington, from Pacific Outdoor Advertising, L.L.C., for $185.0 million, subject to closing and post-closing adjustments, using cash on hand. 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. In the second quarter of 2019, we completed this acquisition

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The following table summarizes our stock-based compensation expense for the three and six months ended June 30, 2022 and 2021. Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes $ 8.5 $ 7.5 $ 16.4 $ 13.5 Tax benefit (0.4) (0.4) (0.8) (0.7) Stock-based compensation expense, net of tax $ 8.1 $ 7.1 $ 15.6 $ 12.8 As of June 30, 2022, total unrecognized compensation cost related to non-vested RSUs and PRSUs was $47.1 million, which is expected to be recognized over a weighted average period of 1.9 years. RSUs and PRSUs The following table summarizes activity for the six months ended June 30, 2022, of RSUs and PRSUs issued to our employees. Activity Weighted Average Per Share Grant Date Fair Market Value Non-vested as of December 31, 2021 2,447,246 $ 23.18 Granted: RSUs 959,628 24.96 PRSUs 482,618 24.42 Vested: RSUs (746,663) 24.14 PRSUs (293,773) 21.65 Forfeitures: RSUs (29,901) 24.40 PRSUs (3,061) 26.60 Non-vested as of June 30, 2022 2,816,094 23.80

Retirement Benefits

Retirement Benefits	6 Months Ended
	Jun. 30, 2022
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 Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Components of net periodic pension cost: Service cost $ — $ 0.1 $ — $ 0.2 Interest cost 0.5 0.7 1.0 1.2 Expected return on plan assets (0.7) (1.0) (1.4) (1.8) Amortization of net actuarial losses (a) — 0.2 — 0.4 Net periodic pension cost $ (0.2) $ — $ (0.4) $ — (a) Reflects amounts reclassified from accumulated other comprehensive income to net income. In the six months ended June 30, 2022, we contributed $0.1 million to our defined benefit pension plans. In 2022, we expect to contribute approximately $0.2 million to our defined benefit pension plans.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
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 as TRSs. As such, we have provided for their federal, state and foreign income taxes. Tax years 2018 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.

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share ("EPS")	Earnings Per Share (“EPS”) Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Net income (loss) available for common stockholders $ 48.0 $ (0.9) $ 47.9 $ (68.6) Less: Distributions to holders of Series A Preferred Stock 2.2 7.0 7.6 14.0 Less: Distributions to holders of Class A equity interests of a subsidiary — — 0.1 — Net income (loss) available for common stockholders, basic and diluted $ 45.8 $ (7.9) $ 40.2 $ (82.6) Weighted average shares for basic EPS 164.0 145.6 158.0 145.2 Dilutive potential shares from grants of RSUs, PRSUs and stock options (a) 0.6 — 0.8 — Weighted average shares for basic and diluted EPS 164.6 145.6 158.8 145.2 (a) The potential impact of 1.1 million granted RSUs and PRSUs in the three months ended June 30, 2022 , 1.3 million granted RSUs and PRSUs in the three months ended June 30, 2021, and 1.3 million granted RSUs, PRSUs and stock options in the six months ended June 30, 2021, were antidilutive. The potential impact of antidilutive granted RSUs and PRSUs in the six months ended June 30, 2022, was immaterial. (b) The potential impact of 7.8 million shares of our common stock issuable upon conversion of the Series A Preferred Stock in the three months ended June 30, 2022, 25.0 million shares of our common stock issuable upon conversion of the Series A Preferred Stock in the three months ended June 30, 2021, 13.4 million shares of our common stock issuable upon conversion of the Series A Preferred Stock in the six months ended June 30, 2022, and 25.0 million shares of our common stock issuable upon conversion of the Series A Preferred Stock in the six months ended June 30, 2021, were antidilutive. (c) The potential impact of 0.4 million of Class A equity interests of Outfront Canada in the three months ended June 30, 2021 , 0.2 million of Class A equity interests of Outfront Canada in the six months ended June 30, 2022, and 0.6 million of Class A equity interests of Outfront Canada in the six months ended June 30, 2021, was antidilutive. (See Note 10. Equity

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2022
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. Under the MTA agreement, which was amended in June 2020 and July 2021 (as amended, the “MTA Agreement”): • Deployments . We must deploy, over a number of years, (i) 5,433 digital advertising screens on subway and train platforms and entrances, (ii) 15,896 smaller-format digital advertising screens on rolling stock, and (iii) 9,283 MTA communications displays, subject to modification as agreed-upon by us and the MTA. We are also obligated to deploy certain additional digital advertising screens and MTA communications displays in subway and train stations and rolling stock that the MTA may build or acquire in the future (collectively, the “New Inventory”). • Recoupment of Equipment Deployment Costs. We may retain incremental revenues that exceed an annual base revenue amount for the cost of deploying advertising and communications displays throughout the transit system. As presented in the table below, recoupable MTA equipment deployment costs are 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 operations. If we do not recoup all costs of deploying advertising and communications screens with respect to the New Inventory by the end of the term of the MTA Agreement, the MTA will be obligated to reimburse us for these costs. Deployment costs in an amount not to exceed $50.7 million, which are deemed authorized before December 31, 2020, will be paid directly by the MTA. For any deployment costs deemed authorized after December 31, 2020, the MTA and the Company will no longer be obligated to directly pay 70% and 30% of the costs, respectively, and these costs will be subject to recoupment in accordance with the MTA Agreement. We did not recoup any equipment deployment costs in the six months ended June 30, 2022, and it is unlikely we will recoup equipment deployment costs in the remainder of 2022. • Payments . We must pay to the MTA the greater of a percentage of revenues or a guaranteed minimum annual payment. Our payment obligations with respect to guaranteed minimum annual payment amounts owed to the MTA resumed on January 1, 2021, in accordance with the terms of the MTA Agreement, and any guaranteed minimum annual payment amounts that would have been paid for the period from April 1, 2020 through December 31, 2020 (less any revenue share amounts actually paid during this period using an increased revenue share percentage of 65%) will instead be added in equal increments to the guaranteed minimum annual payment amounts owed for the period from January 1, 2022, through December 31, 2026. The MTA Agreement also provides that if prior to April 1, 2028 the balance of unrecovered costs of deploying advertising and communications screens throughout the transit system is equal to or less than zero, then in any year following the year in which such recoupment occurs (the “Recoupment Year”), the MTA is entitled to receive an additional payment equal to 2.5% of the annual base revenue amount for such year calculated in accordance with the MTA Agreement, provided that gross revenues in such year (i) were at least equal to the gross revenues generated in the Recoupment Year, and (ii) did not decline by more than 5% from the prior year. • Term . In July 2021, we extended the initial 10-year term of the MTA Agreement to a 13-year initial term. We have the option to extend this initial 13-year term for an additional five-year period at the end of the 13-year initial term, subject to satisfying certain quantitative and qualitative conditions. During the six months ended June 30, 2022, we had no recoupment from incremental revenues and as of June 30, 2022, $49.1 million has been funded by the MTA. As of June 30, 2022, 13,161 digital displays had been installed, composed of 4,749 digital advertising screens on subway and train platforms and entrances, 4,292 smaller-format digital advertising screens on rolling stock and 4,120 MTA communications displays. In the three months ended June 30, 2022, 682 installations occurred, for a total of 2,069 installations occurring in the six months ended June 30, 2022. (in millions) Beginning Balance Deployment Costs Incurred Recoupment/MTA Funding Amortization Ending Balance Six months ended June 30, 2022: Prepaid MTA equipment deployment costs $ 279.8 $ 48.1 $ — $ — $ 327.9 Other current assets 5.2 0.1 (3.7) — 1.6 Intangible assets (franchise agreements) 63.0 4.2 — (2.5) 64.7 Total $ 348.0 $ 52.4 $ (3.7) $ (2.5) $ 394.2 Year ended December 31, 2021: Prepaid MTA equipment deployment costs $ 204.6 $ 75.2 $ — $ — $ 279.8 Other current assets 28.0 6.2 (29.0) — 5.2 Intangible assets (franchise agreements) 58.4 14.5 — (9.9) 63.0 Total $ 291.0 $ 95.9 $ (29.0) $ (9.9) $ 348.0 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 June 30, 2022, the outstanding letters of credit were approximately $76.8 million and outstanding surety bonds were approximately $167.1 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	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information We currently manage our operations through two operating segments—U.S. Billboard and Transit, which is included in our U.S. Media reportable segment, and International. International does not meet the criteria to be a reportable segment and accordingly, is included in Other . The following tables set forth our financial performance by segment. Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Revenues: U.S. Media $ 422.5 $ 321.8 $ 776.7 $ 567.2 Other 27.7 19.2 47.0 33.0 Total revenues $ 450.2 $ 341.0 $ 823.7 $ 600.2 We present Operating income (loss) before Depreciation , Amortization , Net (gain) loss on dispositions and Stock-based compensation (“Adjusted OIBDA”) as the primary measure of profit and loss for our operating segments. Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Net income (loss) before allocation to non-controlling interests $ 48.4 $ (0.7) $ 48.5 $ (68.3) (Benefit) provision for income taxes 1.2 (2.4) (0.9) (7.1) Equity in earnings of investee companies, net of tax (1.2) 0.1 (1.5) 0.5 Interest expense, net 31.6 32.1 62.3 66.7 Loss on extinguishment of debt — — — 6.3 Other income, net (0.1) — — — Operating income (loss) 79.9 29.1 108.4 (1.9) Net (gain) loss on dispositions 0.2 (2.9) (0.1) (3.2) Depreciation and amortization 36.7 36.3 70.8 72.7 Stock-based compensation 8.5 7.5 16.4 13.5 Total Adjusted OIBDA $ 125.3 $ 70.0 $ 195.5 $ 81.1 Adjusted OIBDA: U.S. Media $ 129.2 $ 80.6 $ 209.3 $ 105.2 Other 7.8 1.6 8.4 (0.4) Corporate (11.7) (12.2) (22.2) (23.7) Total Adjusted OIBDA $ 125.3 $ 70.0 $ 195.5 $ 81.1 Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Operating income (loss): U.S. Media $ 95.3 $ 47.3 $ 144.6 $ 38.7 Other 4.8 1.5 2.4 (3.4) Corporate (20.2) (19.7) (38.6) (37.2) Total operating income (loss) $ 79.9 $ 29.1 $ 108.4 $ (1.9) Net gain (loss) on dispositions: U.S. Media $ 0.2 $ 0.1 $ (0.1) $ (0.2) Other — (3.0) — (3.0) Total gain (loss) on dispositions $ 0.2 $ (2.9) $ (0.1) $ (3.2) Depreciation and amortization: U.S. Media $ 33.7 $ 33.2 $ 64.8 $ 66.7 Other 3.0 3.1 6.0 6.0 Total depreciation and amortization $ 36.7 $ 36.3 $ 70.8 $ 72.7 Capital expenditures: U.S. Media $ 24.2 $ 15.8 $ 40.3 $ 24.7 Other 0.7 0.3 1.5 0.8 Total capital expenditures $ 24.9 $ 16.1 $ 41.8 $ 25.5 As of (in millions) June 30, December 31, 2021 Assets: U.S. Media $ 5,573.9 $ 5,280.7 Other 247.3 248.1 Corporate 87.8 395.9 Total assets $ 5,909.0 $ 5,924.7

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
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 at 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 ongoing 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.

Intangible Assets (Policies)

Intangible Assets (Policies)	6 Months Ended
	Jun. 30, 2022
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.

Restricted Cash (Tables)

Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2022
Restricted Cash [Abstract]
Restricted Cash	As of (in millions) June 30, June 30, December 31, 2021 Cash and cash equivalents $ 117.0 $ 529.0 $ 424.8 Restricted cash — 1.6 — Cash, cash equivalents and restricted cash $ 117.0 $ 530.6 $ 424.8

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, December 31, Land $ 113.7 $ 102.9 Buildings 15 to 35 years 56.5 50.3 Advertising structures 3 to 20 years 1,975.8 1,937.4 Furniture, equipment and other 3 to 10 years 178.5 171.3 Construction in progress 39.3 38.7 2,363.8 2,300.6 Less: Accumulated depreciation 1,684.2 1,652.7 Property and equipment, net $ 679.6 $ 647.9

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022: Permits and leasehold agreements $ 1,522.0 $ (839.8) $ 682.2 Franchise agreements 532.3 (409.8) 122.5 Other intangible assets 4.9 (3.0) 1.9 Total intangible assets $ 2,059.2 $ (1,252.6) $ 806.6 As of December 31, 2021: Permits and leasehold agreements $ 1,303.6 $ (816.5) $ 487.1 Franchise agreements 528.2 (402.7) 125.5 Other intangible assets 4.9 (2.6) 2.3 Total intangible assets $ 1,836.7 $ (1,221.8) $ 614.9

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Operating lease assets and liabilities, lessee	The following table presents our operating lease assets and liabilities: As of (in millions, except years and percentages) June 30, December 31, Operating lease assets $ 1,531.2 $ 1,485.5 Short-term operating lease liabilities 196.9 187.5 Non-current operating lease liabilities 1,345.6 1,308.4 Weighted-average remaining lease term 10.8 years 10.5 years Weighted-average discount rate 5.4% 5.2 %
Lease expenses, lessee	The components of our lease expenses were as follows: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Operating expenses $ 111.7 $ 99.9 $ 218.4 $ 193.6 Selling, general and administrative expenses 2.7 2.4 5.4 4.5 Variable costs 27.8 19.3 52.8 33.2

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2021 $ 36.4 Accretion expense 1.4 Additions 0.4 Liabilities settled (0.9) As of June 30, 2022 $ 37.3

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt Instruments	Debt, net, consists of the following: As of (in millions, except percentages) June 30, December 31, Long-term debt: Term loan, due 2026 $ 598.4 $ 598.2 Senior unsecured notes: 6.250% senior unsecured notes, due 2025 400.0 400.0 5.000% senior unsecured notes, due 2027 650.0 650.0 4.250% senior unsecured notes, due 2029 500.0 500.0 4.625% senior unsecured notes, due 2030 500.0 500.0 Total senior unsecured notes 2,050.0 2,050.0 Debt issuance costs (25.1) (27.6) Total long-term debt, net 2,623.3 2,620.6 Total debt, net $ 2,623.3 $ 2,620.6 Weighted average cost of debt 4.6 % 4.3 %

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table summarizes revenues by source: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Billboard: Static displays $ 241.7 $ 208.3 $ 447.7 $ 373.4 Digital displays 99.9 68.9 181.3 118.2 Other 12.4 10.1 23.2 19.3 Billboard revenues 354.0 287.3 652.2 510.9 Transit: Static displays 55.5 34.6 96.7 58.5 Digital displays 32.2 11.9 58.1 18.3 Other 7.1 6.2 13.5 10.8 Total transit revenues 94.8 52.7 168.3 87.6 Other 1.4 1.0 3.2 1.7 Transit and other revenues 96.2 53.7 171.5 89.3 Total revenues $ 450.2 $ 341.0 $ 823.7 $ 600.2
Revenue from External Customers by Geographic Areas	The following table summarizes revenues by geography: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 United States: Billboard $ 332.1 $ 271.8 $ 615.5 $ 484.3 Transit and other 90.4 50.0 161.2 82.9 Other 1.4 1.0 3.2 1.7 Total United States revenues 423.9 322.8 779.9 568.9 Canada 26.3 18.2 43.8 31.3 Total revenues $ 450.2 $ 341.0 $ 823.7 $ 600.2

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based compensation expense	The following table summarizes our stock-based compensation expense for the three and six months ended June 30, 2022 and 2021. Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes $ 8.5 $ 7.5 $ 16.4 $ 13.5 Tax benefit (0.4) (0.4) (0.8) (0.7) Stock-based compensation expense, net of tax $ 8.1 $ 7.1 $ 15.6 $ 12.8
Activity of RSUs and PRSUs Issued to Our Employees	The following table summarizes activity for the six months ended June 30, 2022, of RSUs and PRSUs issued to our employees. Activity Weighted Average Per Share Grant Date Fair Market Value Non-vested as of December 31, 2021 2,447,246 $ 23.18 Granted: RSUs 959,628 24.96 PRSUs 482,618 24.42 Vested: RSUs (746,663) 24.14 PRSUs (293,773) 21.65 Forfeitures: RSUs (29,901) 24.40 PRSUs (3,061) 26.60 Non-vested as of June 30, 2022 2,816,094 23.80

Retirement Benefits (Tables)

Retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2022
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 Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Components of net periodic pension cost: Service cost $ — $ 0.1 $ — $ 0.2 Interest cost 0.5 0.7 1.0 1.2 Expected return on plan assets (0.7) (1.0) (1.4) (1.8) Amortization of net actuarial losses (a) — 0.2 — 0.4 Net periodic pension cost $ (0.2) $ — $ (0.4) $ — (a) Reflects amounts reclassified from accumulated other comprehensive income to net income.

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Net income (loss) available for common stockholders $ 48.0 $ (0.9) $ 47.9 $ (68.6) Less: Distributions to holders of Series A Preferred Stock 2.2 7.0 7.6 14.0 Less: Distributions to holders of Class A equity interests of a subsidiary — — 0.1 — Net income (loss) available for common stockholders, basic and diluted $ 45.8 $ (7.9) $ 40.2 $ (82.6) Weighted average shares for basic EPS 164.0 145.6 158.0 145.2 Dilutive potential shares from grants of RSUs, PRSUs and stock options (a) 0.6 — 0.8 — Weighted average shares for basic and diluted EPS 164.6 145.6 158.8 145.2 (a) The potential impact of 1.1 million granted RSUs and PRSUs in the three months ended June 30, 2022 , 1.3 million granted RSUs and PRSUs in the three months ended June 30, 2021, and 1.3 million granted RSUs, PRSUs and stock options in the six months ended June 30, 2021, were antidilutive. The potential impact of antidilutive granted RSUs and PRSUs in the six months ended June 30, 2022, was immaterial. (b) The potential impact of 7.8 million shares of our common stock issuable upon conversion of the Series A Preferred Stock in the three months ended June 30, 2022, 25.0 million shares of our common stock issuable upon conversion of the Series A Preferred Stock in the three months ended June 30, 2021, 13.4 million shares of our common stock issuable upon conversion of the Series A Preferred Stock in the six months ended June 30, 2022, and 25.0 million shares of our common stock issuable upon conversion of the Series A Preferred Stock in the six months ended June 30, 2021, were antidilutive. (c) The potential impact of 0.4 million of Class A equity interests of Outfront Canada in the three months ended June 30, 2021 , 0.2 million of Class A equity interests of Outfront Canada in the six months ended June 30, 2022, and 0.6 million of Class A equity interests of Outfront Canada in the six months ended June 30, 2021, was antidilutive. (See Note 10. Equity

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
MTA agreement schedule	(in millions) Beginning Balance Deployment Costs Incurred Recoupment/MTA Funding Amortization Ending Balance Six months ended June 30, 2022: Prepaid MTA equipment deployment costs $ 279.8 $ 48.1 $ — $ — $ 327.9 Other current assets 5.2 0.1 (3.7) — 1.6 Intangible assets (franchise agreements) 63.0 4.2 — (2.5) 64.7 Total $ 348.0 $ 52.4 $ (3.7) $ (2.5) $ 394.2 Year ended December 31, 2021: Prepaid MTA equipment deployment costs $ 204.6 $ 75.2 $ — $ — $ 279.8 Other current assets 28.0 6.2 (29.0) — 5.2 Intangible assets (franchise agreements) 58.4 14.5 — (9.9) 63.0 Total $ 291.0 $ 95.9 $ (29.0) $ (9.9) $ 348.0

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following tables set forth our financial performance by segment. Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Revenues: U.S. Media $ 422.5 $ 321.8 $ 776.7 $ 567.2 Other 27.7 19.2 47.0 33.0 Total revenues $ 450.2 $ 341.0 $ 823.7 $ 600.2
Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income	Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Net income (loss) before allocation to non-controlling interests $ 48.4 $ (0.7) $ 48.5 $ (68.3) (Benefit) provision for income taxes 1.2 (2.4) (0.9) (7.1) Equity in earnings of investee companies, net of tax (1.2) 0.1 (1.5) 0.5 Interest expense, net 31.6 32.1 62.3 66.7 Loss on extinguishment of debt — — — 6.3 Other income, net (0.1) — — — Operating income (loss) 79.9 29.1 108.4 (1.9) Net (gain) loss on dispositions 0.2 (2.9) (0.1) (3.2) Depreciation and amortization 36.7 36.3 70.8 72.7 Stock-based compensation 8.5 7.5 16.4 13.5 Total Adjusted OIBDA $ 125.3 $ 70.0 $ 195.5 $ 81.1 Adjusted OIBDA: U.S. Media $ 129.2 $ 80.6 $ 209.3 $ 105.2 Other 7.8 1.6 8.4 (0.4) Corporate (11.7) (12.2) (22.2) (23.7) Total Adjusted OIBDA $ 125.3 $ 70.0 $ 195.5 $ 81.1
Tabular Disclosure by Reportable Segments	Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Operating income (loss): U.S. Media $ 95.3 $ 47.3 $ 144.6 $ 38.7 Other 4.8 1.5 2.4 (3.4) Corporate (20.2) (19.7) (38.6) (37.2) Total operating income (loss) $ 79.9 $ 29.1 $ 108.4 $ (1.9) Net gain (loss) on dispositions: U.S. Media $ 0.2 $ 0.1 $ (0.1) $ (0.2) Other — (3.0) — (3.0) Total gain (loss) on dispositions $ 0.2 $ (2.9) $ (0.1) $ (3.2) Depreciation and amortization: U.S. Media $ 33.7 $ 33.2 $ 64.8 $ 66.7 Other 3.0 3.1 6.0 6.0 Total depreciation and amortization $ 36.7 $ 36.3 $ 70.8 $ 72.7 Capital expenditures: U.S. Media $ 24.2 $ 15.8 $ 40.3 $ 24.7 Other 0.7 0.3 1.5 0.8 Total capital expenditures $ 24.9 $ 16.1 $ 41.8 $ 25.5
Reconciliation of Assets from Segment to Consolidated	As of (in millions) June 30, December 31, 2021 Assets: U.S. Media $ 5,573.9 $ 5,280.7 Other 247.3 248.1 Corporate 87.8 395.9 Total assets $ 5,909.0 $ 5,924.7

Description of Business and B_3

Description of Business and Basis of Presentation - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 segment markets
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	2

Restricted Cash - Narrative (De

Restricted Cash - Narrative (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Restricted Cash [Abstract]
Restricted cash	$ 0	$ 0	$ 1,600,000

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Restricted Cash [Abstract]
Cash and cash equivalents	$ 117,000,000	$ 424,800,000	$ 529,000,000
Restricted cash	0	0	1,600,000
Cash, cash equivalents and restricted cash	$ 117,000,000	$ 424,800,000	$ 530,600,000	$ 712,000,000

Property and Equipment, Net - S

Property and Equipment, Net - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Property and Equipment [Line Items]
Property and equipment	$ 2,363.8	$ 2,300.6
Less: Accumulated depreciation	1,684.2	1,652.7
Property and equipment, net	679.6	647.9
Land
Property and Equipment [Line Items]
Property and equipment	113.7	102.9
Buildings
Property and Equipment [Line Items]
Property and equipment	$ 56.5	$ 50.3
Buildings | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	15 years	15 years
Buildings | Maximum
Property and Equipment [Line Items]
Property and equipment, useful life	35 years	35 years
Advertising structures
Property and Equipment [Line Items]
Property and equipment	$ 1,975.8	$ 1,937.4
Advertising structures | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	3 years	3 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	$ 178.5	$ 171.3
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	$ 39.3	$ 38.7

Property and Equipment, Net - N

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 19.4	$ 20	$ 38.7	$ 40

Intangible Assets Schedule of F

Intangible Assets Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross	$ 2,059.2	$ 1,836.7
Accumulated amortization	(1,252.6)	(1,221.8)
Intangible assets	806.6	614.9
Permits and leasehold agreements
Finite-Lived Intangible Assets [Line Items]
Gross	1,522	1,303.6
Accumulated amortization	(839.8)	(816.5)
Intangible assets	682.2	487.1
Franchise agreements
Finite-Lived Intangible Assets [Line Items]
Gross	532.3	528.2
Accumulated amortization	(409.8)	(402.7)
Intangible assets	122.5	125.5
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross	4.9	4.9
Accumulated amortization	(3)	(2.6)
Intangible assets	$ 1.9	$ 2.3

Intangible Assets Narrative (De

Intangible Assets Narrative (Details) - Intangible Assets $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) Displays	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Displays	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Finite-Lived Intangible Assets [Line Items]
Gross	$ 2,059.2		$ 2,059.2		$ 1,836.7
Amortization	17.3	$ 16.3	$ 32.1	$ 32.7
Series of Individually Immaterial Asset Acquisitions
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life			16 years 6 months
Permits and leasehold agreements
Finite-Lived Intangible Assets [Line Items]
Gross	1,522		$ 1,522		$ 1,303.6
Permits and leasehold agreements | Series of Individually Immaterial Asset Acquisitions
Finite-Lived Intangible Assets [Line Items]
Gross	$ 220		$ 220
Permits and leasehold agreements | Static and Digital Displays | Series of Individually Immaterial Asset Acquisitions | Minimum
Finite-Lived Intangible Assets [Line Items]
Approximate number of displays acquired | Displays	1,000		1,000

Lease assets and liabilities, l

Lease assets and liabilities, lessee (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Operating lease assets	$ 1,531.2	$ 1,485.5
Short-term operating lease liabilities	196.9	187.5
Non-current operating lease liabilities	$ 1,345.6	$ 1,308.4
Weighted-average remaining lease term	10 years 9 months 18 days	10 years 6 months
Weighted-average discount rate	5.40%	5.20%

Lease expenses (Details)

Lease expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lessee, Lease, Description [Line Items]
Variable lease costs	$ 27.8	$ 19.3	$ 52.8	$ 33.2
Operating expense
Lessee, Lease, Description [Line Items]
Operating lease costs	111.7	99.9	218.4	193.6
Selling, general and administrative
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 2.7	$ 2.4	$ 5.4	$ 4.5

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lessee, Lease, Description [Line Items]
Cash paid for operating leases			$ 224.7	$ 190.9
Operating lease asset obtained in exchange for operating lease liability			152.3	139.9
Rental income	$ 342.2	$ 277.6	$ 630.5	$ 493.4

Asset Retirement Obligation - N

Asset Retirement Obligation - Narrative (Details)	6 Months Ended
	Jun. 30, 2022
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	6 Months Ended
	Jun. 30, 2022 USD ($)
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
As of December 31, 2021	$ 36.4
Accretion expense	1.4
Additions	0.4
Liabilities settled	(0.9)
As of June 30, 2022	$ 37.3

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) joint_venture Displays	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) joint_venture Displays	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	50%		50%
Equity method investments | $	$ 12.2		$ 12.2		$ 11.2
Management fee revenue | $	$ 2.3	$ 1.3	$ 4	$ 2.4
Transit shelter joint ventures
Related Party Transaction [Line Items]
Equity method investment, number of investments | joint_venture	2		2
Acquired businesses
Related Party Transaction [Line Items]
Equity method investment, number of investments | joint_venture	4		4
Equity method investment, number of displays | Displays	7		7

Debt - Schedule of Debt Instrum

Debt - Schedule of Debt Instruments (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, net	$ 2,623.3	$ 2,620.6
Total debt, net	$ 2,623.3	$ 2,620.6
Weighted average cost of debt	4.60%	4.30%
Secured debt | Term loan, due 2026
Debt Instrument [Line Items]
Long-term debt, net	$ 598.4	$ 598.2
Senior unsecured notes, due date	Nov. 18, 2026	Nov. 18, 2026
Senior unsecured notes | 6.250% senior unsecured notes, due 2025
Debt Instrument [Line Items]
Stated interest rate	6.25%	6.25%
Senior unsecured notes, due date	Jun. 15, 2025	Jun. 15, 2025
Senior unsecured notes | 5.000% senior unsecured notes, due 2027
Debt Instrument [Line Items]
Stated interest rate	5%	5%
Senior unsecured notes, due date	Aug. 15, 2027	Aug. 15, 2027
Senior unsecured notes | Senior Notes Due 2029
Debt Instrument [Line Items]
Stated interest rate	4.25%	4.25%
Senior unsecured notes, due date	Jan. 15, 2029	Jan. 15, 2029
Senior unsecured notes | 4.625% senior unsecured notes, due 2030
Debt Instrument [Line Items]
Stated interest rate	4.625%	4.625%
Senior unsecured notes, due date	Mar. 15, 2030	Mar. 15, 2030
Long-term debt
Debt Instrument [Line Items]
Debt issuance costs	$ (25.1)	$ (27.6)
Long-term debt | Senior unsecured notes
Debt Instrument [Line Items]
Long-term debt, net	2,050	2,050
Long-term debt | Senior unsecured notes | 6.250% senior unsecured notes, due 2025
Debt Instrument [Line Items]
Long-term debt, net	400	400
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 | Senior Notes Due 2029
Debt Instrument [Line Items]
Long-term debt, net	500	500
Long-term debt | Senior unsecured notes | 4.625% senior unsecured notes, due 2030
Debt Instrument [Line Items]
Long-term debt, net	$ 500	$ 500

Debt - Narrative (Details) - De

Debt - Narrative (Details) - Debt Instruments $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Debt Instrument, covenant description	The terms of the Credit Agreement (and under certain circumstances, the agreements governing the AR Facility) 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.
Debt Covenant, Consolidated total leverage ratio	6
Consolidated total leverage ratio	5.1
Deferred financing costs	$ 27.6
Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt at fair value	$ 2,400	$ 2,700
Secured debt | Term loan, due 2026
Debt Instrument [Line Items]
Interest rate at period end	3.40%
Unamortized debt discount	$ 1.6
Revolving credit facility
Debt Instrument [Line Items]
Debt Covenant, Consolidated net secured leverage ratio	4.5
Consolidated net secured leverage ratio	0.9
Revolving credit facility | Maximum
Debt Instrument [Line Items]
Debt Covenant, Restricted cash limit	$ 150

Debt - Narrative (Details) - Li

Debt - Narrative (Details) - Line of Credit Facility - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 01, 2022	May 31, 2022	Dec. 31, 2021
Fair Value, Inputs, Level 2
Line of Credit Facility [Line Items]
Interest rate cash flow hedge liability at fair value							$ 400,000
Other liabilities
Line of Credit Facility [Line Items]
Derivative liability							$ 400,000
Revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 500,000,000		$ 500,000,000
Commitment fee for unused commitments	400,000	$ 500,000	$ 800,000	$ 900,000
Credit facility, expiration date			Nov. 18, 2024
Revolving credit facility | Long-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount	0		$ 0
Letter of credit sublimit to revolving credit facility
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount	4,100,000		4,100,000
Letter of credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	81,000,000		81,000,000
Letters of credit outstanding, amount	72,700,000		72,700,000
AR Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	150,000,000		$ 150,000,000		$ 150,000,000	$ 125,000,000
Credit facility, expiration date			Jun. 30, 2022
AR Facility | Short-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount	0		$ 0
Line of credit facility, remaining borrowing capacity	150,000,000		150,000,000
AR securitization facilities | Maximum
Line of Credit Facility [Line Items]
Debt instrument, collateral amount	$ 319,700,000		$ 319,700,000

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions						3 Months Ended		4 Months Ended	6 Months Ended
	Sep. 30, 2022	Sep. 02, 2022	Aug. 03, 2022	Mar. 01, 2022	Jun. 13, 2017	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020	Nov. 21, 2017
Class of Stock [Line Items]
Common stock authorized (shares)						450,000,000		450,000,000	450,000,000			450,000,000
Common stock, par value per share ($ per share)						$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common stock issued (shares)						164,046,342		164,046,342	164,046,342			145,600,000
Common Stock, Shares, Outstanding						164,000,000		164,000,000	164,000,000			145,600,000
Preferred stock authorized (shares)						50,000,000		50,000,000	50,000,000			50,000,000
Preferred stock, par value per share ($ per share)						$ 0.01		$ 0.01	$ 0.01
Series A Preferred Stock outstanding (shares)						125,000		125,000	125,000			400,000
Series A Preferred Stock issued (shares)						125,000		125,000	125,000			400,000
Series A Preferred Stock, par value per share ($ per share)						$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Series A Preferred Stock dividend rate (%)						7%	7%		7%	7%
Dividend period									12 months
Series A Preferred Stock 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 $16.00 per share and an initial conversion rate of 62.50 shares of our common stock per share of Series A Preferred Stock, subject to certain anti-dilution adjustments and a share cap as set forth in the Articles. Subject to certain conditions set forth in the Articles (including a change of control), each of the Company and the holders of the Series A Preferred Stock may convert or redeem the Series A Preferred Stock at the prices set forth in the Articles, plus any accrued and unpaid dividends.
Series A Preferred Stock, conversion price ($ per share)						$ 16		$ 16	$ 16
Series A Preferred Stock, Common shares issuable (shares)						62.50		62.50	62.50
Dividends paid									$ 102.9	$ 14.3
Dividends declared per common share ($ per share)						$ 0.30			$ 0.60
Stock Redeemed or Called During Period, Shares				275,000
Subsequent event
Class of Stock [Line Items]
Dividends declared per common share ($ per share)			$ 0.30
Subsequent event | Ordinary Dividend
Class of Stock [Line Items]
Dividends payable, date declared			Aug. 03, 2022
Dividends payable, date to be paid	Sep. 30, 2022
Dividends payable, date of record		Sep. 02, 2022
Maximum
Class of Stock [Line Items]
Dividend Percentage In Excess Of Required Distributions For A REIT									5%
At-The-Market Equity Offering Program
Class of Stock [Line Items]
ATM Program, authorized amount outstanding						$ 232.5		$ 232.5	$ 232.5						$ 300
Shares issued under the ATM Program (shares)						0			0
Noncontrolling Interest
Class of Stock [Line Items]
Dividends paid						$ 0	$ 0		$ 0.1	$ 0
Noncontrolling Interest | Acquired businesses
Class of Stock [Line Items]
Business Acquisition, Equity interest issued (shares)					1,953,407			0
Series A Preferred Stock
Class of Stock [Line Items]
Series A Preferred Stock outstanding (shares)						100,000	400,000	100,000	100,000	400,000	100,000	400,000	400,000	400,000
Stock Redeemed or Called During Period, Shares									(300,000)
Dividends									$ 3.2
Common stock
Class of Stock [Line Items]
Common Stock, Shares, Outstanding						164,000,000	145,600,000	164,000,000	164,000,000	145,600,000	164,000,000	145,600,000	145,500,000	144,500,000
Stock Issued During Period, Shares, Conversion of Convertible Securities				17,400,000					17,400,000
Series A Preferred Stock
Class of Stock [Line Items]
Series A Preferred Stock, Common shares issuable (shares)						7,800,000		7,800,000	7,800,000
Dividends paid						$ 2.2			$ 4.4
Dividends						$ (2.2)	$ (7)		$ (7.6)	$ (14)

Revenues Disaggregation of Reve

Revenues Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Billboard	$ 354	$ 287.3	$ 652.2	$ 510.9
Transit	96.2	53.7	171.5	89.3
Revenues	450.2	341	823.7	600.2
Static displays
Disaggregation of Revenue [Line Items]
Billboard	241.7	208.3	447.7	373.4
Transit	55.5	34.6	96.7	58.5
Digital displays
Disaggregation of Revenue [Line Items]
Billboard	99.9	68.9	181.3	118.2
Transit	32.2	11.9	58.1	18.3
Other
Disaggregation of Revenue [Line Items]
Billboard	12.4	10.1	23.2	19.3
Transit	7.1	6.2	13.5	10.8
Transit
Disaggregation of Revenue [Line Items]
Transit	94.8	52.7	168.3	87.6
Other Revenues
Disaggregation of Revenue [Line Items]
Transit	$ 1.4	$ 1	$ 3.2	$ 1.7

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Rental income	$ 342.2	$ 277.6	$ 630.5	$ 493.4

Revenues Revenue from External

Revenues Revenue from External Customers by Geographic Areas (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Billboard	$ 354	$ 287.3	$ 652.2	$ 510.9
Transit and other	96.2	53.7	171.5	89.3
Revenues	450.2	341	823.7	600.2
United States
Disaggregation of Revenue [Line Items]
Billboard	332.1	271.8	615.5	484.3
Revenues	423.9	322.8	779.9	568.9
Canada
Disaggregation of Revenue [Line Items]
Revenues	26.3	18.2	43.8	31.3
Transit and other
Disaggregation of Revenue [Line Items]
Transit and other	94.8	52.7	168.3	87.6
Transit and other | United States
Disaggregation of Revenue [Line Items]
Transit and other	90.4	50	161.2	82.9
Other
Disaggregation of Revenue [Line Items]
Billboard	12.4	10.1	23.2	19.3
Transit and other	7.1	6.2	13.5	10.8
Other Revenues
Disaggregation of Revenue [Line Items]
Transit and other	1.4	1	3.2	1.7
Other Revenues | United States
Disaggregation of Revenue [Line Items]
Transit and other	$ 1.4	$ 1	$ 3.2	$ 1.7

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions		3 Months Ended	6 Months Ended		12 Months Ended
	May 12, 2022 USD ($) Displays	Jun. 30, 2018 USD ($) Displays	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2023 USD ($) Displays
Asset Acquisition [Line Items]
Acquisitions | $			$ 248.6	$ 42.7
Acquired businesses
Asset Acquisition [Line Items]
Number of displays	950
Acquisitions | $	$ 185	$ 35.4
Acquired businesses | Subsequent event
Asset Acquisition [Line Items]
Acquisitions | $					$ 9.2
Digital displays | Acquired businesses
Asset Acquisition [Line Items]
Number of displays	21	14
Digital displays | Acquired businesses | Subsequent event
Asset Acquisition [Line Items]
Number of displays					4
Static displays | Acquired businesses
Asset Acquisition [Line Items]
Number of displays		7

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Allocation of Share-based Compensation Costs by Plan (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit	$ (0.4)	$ (0.4)	$ (0.8)	$ (0.7)
Stock-based compensation expense, net of tax	8.1	7.1	15.6	12.8
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	$ 8.5	$ 7.5	$ 16.4	$ 13.5

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation not yet recognized, share-based awards other than options	$ 47.1
Compensation cost not yet recognized, period for recognition	1 year 10 months 24 days

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of RSU and PRSU Award Activity (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares shares
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, 2021 (shares) | shares	2,447,246
Non-vested as of June 30, 2022 (shares) | shares	2,816,094
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Non-Vested, as of December 31, 2021 ($ per share) | $ / shares	$ 23.18
Weighted Average Grant Date Fair Value, Non-Vested, as of June 30, 2022 ($ per share) | $ / shares	$ 23.80
Restricted Stock Units (RSUs)
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Granted (shares) | shares	959,628
Vested (shares) | shares	(746,663)
Forfeitures (shares) | shares	(29,901)
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Grants ($ per share) | $ / shares	$ 24.96
Weighted Average Grant Date Fair Value, Vested ($ per share) | $ / shares	24.14
Weighted Average Grant Date Fair Value, Forfeited ($ per share) | $ / shares	$ 24.40
Performance Restricted Stock Units (PRSUs)
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Granted (shares) | shares	482,618
Vested (shares) | shares	(293,773)
Forfeitures (shares) | shares	(3,061)
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Grants ($ per share) | $ / shares	$ 24.42
Weighted Average Grant Date Fair Value, Vested ($ per share) | $ / shares	21.65
Weighted Average Grant Date Fair Value, Forfeited ($ per share) | $ / shares	$ 26.60

Retirement Benefits - Schedule

Retirement Benefits - Schedule of Net Benefit Costs (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost		$ 0	$ 0.1	$ 0	$ 0.2
Interest cost		0.5	0.7	1	1.2
Expected return on plan assets		(0.7)	(1)	(1.4)	(1.8)
Amortization of net actuarial losses	[1]	0	0.2	0	0.4
Net periodic pension cost		$ (0.2)	$ 0	$ (0.4)	$ 0
[1]Reflects amounts reclassified from accumulated other comprehensive income to net income.

Retirement Benefits - Narrative

Retirement Benefits - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Retirement Benefits [Abstract]
Pension contributions	$ 0.1
Estimated employer contributions in current fiscal year	$ 0.2

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	6 Months Ended
	Jun. 30, 2022
Minimum
Operating Loss Carryforwards [Line Items]
Open tax year	2018

Earnings Per Share ("EPS") (Det

Earnings Per Share ("EPS") (Details) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss) available for common stockholders		$ 48	$ (0.9)	$ 47.9	$ (68.6)
Dividends				102.9	14.3
Net loss available for common stockholders, basic		45.8	(7.9)	40.2	(82.6)
Net loss available for common stockholders, diluted		$ 45.8	$ (7.9)	$ 40.2	$ (82.6)
Weighted average number of shares for basic EPS (shares)		164	145.6	158	145.2
Dilutive potential shares from grants of RSUs, PRSUs and stock options (shares)	[1]	0.6	0	0.8	0
Weighted average number of shares for diluted EPS (shares)		164.6	145.6	158.8	145.2
Series A Preferred Stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dividends		$ 2.2	$ 7	$ 7.6	$ 14
Noncontrolling Interest
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dividends		$ 0	$ 0	$ 0.1	$ 0
Series A Preferred Stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from EPS calculation (shares)		7.8	25	13.4	25
Noncontrolling Interest
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from EPS calculation (shares)			0.4	0.2	0.6
Stock compensation plan
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from EPS calculation (shares)		1.1	1.3		1.3
[1] The potential impact of 1.1 million granted RSUs and PRSUs in the three months ended June 30, 2022 , 1.3 million granted RSUs and PRSUs in the three months ended June 30, 2021, and 1.3 million granted RSUs, PRSUs and stock options in the six months ended June 30, 2021, were antidilutive. The potential impact of antidilutive granted RSUs and PRSUs in the six months ended June 30, 2022, was immaterial.

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details)			3 Months Ended	6 Months Ended	7 Months Ended	12 Months Ended	24 Months Ended	60 Months Ended	80 Months Ended
	Jul. 29, 2021 Displays	Jul. 28, 2021	Jun. 30, 2022 USD ($) Displays	Jun. 30, 2022 USD ($) Displays	Dec. 31, 2020 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) Displays	Dec. 31, 2026	Apr. 01, 2028 USD ($)
Other Commitments [Line Items]
MTA equipment deployment costs limit			$ 394,200,000	$ 394,200,000	$ 291,000,000	$ 348,000,000	$ 394,200,000
Equipment Deployment Costs Percentage					30%
Recoupment				0
Standalone letters of credit and sublimit to revolving credit facility
Other Commitments [Line Items]
Letters of credit outstanding, amount			76,800,000	76,800,000			76,800,000
Surety Bond
Other Commitments [Line Items]
Surety bonds outstanding			$ 167,100,000	167,100,000			167,100,000
MTA Agreement
Other Commitments [Line Items]
Contract term	13 years	10 years
Contract term extension option	5 years
MTA Agreement | Subsequent event
Other Commitments [Line Items]
Revenue share percentage								65%
Additional equipment deployment cost percentage									2.50%
MTA equipment deployment costs
Other Commitments [Line Items]
Other current assets				100,000		6,200,000
MTA Funding
Other Commitments [Line Items]
Other current assets				$ (3,700,000)		$ (29,000,000)	$ (49,100,000)
Metropolitan Transportation Authority ("MTA")
Other Commitments [Line Items]
Equipment Deployment Costs Percentage					70%
Maximum | MTA Agreement | Subsequent event
Other Commitments [Line Items]
Decrease in revenue percentage									5%
Maximum | Metropolitan Transportation Authority ("MTA")
Other Commitments [Line Items]
MTA equipment deployment costs limit					$ 50,700,000
Minimum | Subsequent event
Other Commitments [Line Items]
Recoupment									$ 0
MTA digital advertising screens on subway and train platforms
Other Commitments [Line Items]
Number of displays | Displays	5,433		4,749	4,749			4,749
MTA smaller-format digital advertising screens rolling stock
Other Commitments [Line Items]
Number of displays | Displays	15,896		4,292	4,292			4,292
MTA communication displays
Other Commitments [Line Items]
Number of displays | Displays	9,283		4,120	4,120			4,120
MTA displays installed
Other Commitments [Line Items]
Number of displays | Displays			13,161	13,161			13,161
Number of display additions | Displays			682	2,069

Commitment and Contingencies MT

Commitment and Contingencies MTA Agreement Schedule (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended	24 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Jun. 30, 2022
Change In MTA Deployment Costs [Roll Forward]
Prepaid MTA equipment deployment costs, beginning of period			$ 279.8	$ 204.6	$ 204.6
Other current assets, beginning of period			11.7
Intangible assets, gross, beginning of period			1,836.7
MTA deployment costs, beginning of period			348	291	291
Amortization	$ 17.3	$ 16.3	32.1	32.7
MTA equipment development cost additions			52.4		95.9
Total recoupment and MTA funding			(3.7)		(29)
Prepaid MTA equipment deployment costs, end of period	327.9		327.9		279.8	$ 327.9
Intangible assets, gross, end of period	2,059.2		2,059.2		1,836.7	2,059.2
Other current assets, end of period	8.8		8.8		11.7	8.8
MTA deployment costs, end of period	394.2		394.2		348	394.2
MTA equipment deployment costs
Change In MTA Deployment Costs [Roll Forward]
Other current assets, beginning of period			5.2	28	28
Deployment costs incurred			48.1		75.2
Other current assets			0.1		6.2
Amortization			(2.5)		(9.9)
Other current assets, end of period	1.6		1.6		5.2	1.6
MTA Funding
Change In MTA Deployment Costs [Roll Forward]
Other current assets			(3.7)		(29)	(49.1)
Franchise agreements
Change In MTA Deployment Costs [Roll Forward]
Intangible assets, gross, beginning of period			528.2
Intangible assets, gross, end of period	532.3		532.3		528.2	532.3
Franchise agreements | MTA equipment deployment costs
Change In MTA Deployment Costs [Roll Forward]
Intangible assets, gross, beginning of period			63	$ 58.4	58.4
Intangible asset additions			4.2		14.5
Amortization			(2.5)		(9.9)
Intangible assets, gross, end of period	$ 64.7		$ 64.7		$ 63	$ 64.7

Segment Information - Narrative

Segment Information - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 segment
Segment Reporting [Abstract]
Number of operating segments	2

Segment Information - Reconcili

Segment Information - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues	$ 450.2	$ 341	$ 823.7	$ 600.2
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Revenues	422.5	321.8	776.7	567.2
Operating segments | Other
Segment Reporting Information [Line Items]
Revenues	$ 27.7	$ 19.2	$ 47	$ 33

Segment Information - Adjusted

Segment Information - Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net income (loss) before allocation to non-controlling interests	$ 48.4	$ (0.7)	$ 48.5	$ (68.3)
Benefit for income taxes	1.2	(2.4)	(0.9)	(7.1)
Equity in earnings of investee companies, net of tax	(1.2)	0.1	(1.5)	0.5
Interest expense, net	31.6	32.1	62.3	66.7
Loss on extinguishment of debt	0	0	0	6.3
Other income, net	(0.1)	0	0	0
Operating income (loss)	79.9	29.1	108.4	(1.9)
Net (gain) loss on dispositions	0.2	(2.9)	(0.1)	(3.2)
Depreciation and amortization	36.7	36.3	70.8	72.7
Stock-based compensation	8.5	7.5	16.4	13.5
Adjusted OIBDA	125.3	70	195.5	81.1
Capital expenditures			41.8	25.5
Operating segments
Segment Reporting Information [Line Items]
Operating income (loss)	79.9	29.1	108.4	(1.9)
Net (gain) loss on dispositions	0.2	(2.9)	(0.1)	(3.2)
Depreciation and amortization	36.7	36.3	70.8	72.7
Capital expenditures	24.9	16.1	41.8	25.5
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Operating income (loss)	95.3	47.3	144.6	38.7
Net (gain) loss on dispositions	0.2	0.1	(0.1)	(0.2)
Depreciation and amortization	33.7	33.2	64.8	66.7
Adjusted OIBDA	129.2	80.6	209.3	105.2
Capital expenditures	24.2	15.8	40.3	24.7
Operating segments | Other
Segment Reporting Information [Line Items]
Operating income (loss)	4.8	1.5	2.4	(3.4)
Net (gain) loss on dispositions	0	(3)	0	(3)
Depreciation and amortization	3	3.1	6	6
Adjusted OIBDA	7.8	1.6	8.4	(0.4)
Capital expenditures	0.7	0.3	1.5	0.8
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(20.2)	(19.7)	(38.6)	(37.2)
Adjusted OIBDA	$ (11.7)	$ (12.2)	$ (22.2)	$ (23.7)

Segment Information - Reconci_2

Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total assets	$ 5,909	$ 5,924.7
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Total assets	5,573.9	5,280.7
Operating segments | Other
Segment Reporting Information [Line Items]
Total assets	247.3	248.1
Corporate
Segment Reporting Information [Line Items]
Total assets	$ 87.8	$ 395.9