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LEASE OBLIGATIONS
12 Months Ended
Dec. 31, 2023
LEASE OBLIGATIONS  
LEASE OBLIGATIONS

12.  LEASE OBLIGATIONS

GFL leases several assets including buildings, property and equipment.

The following table presents GFL’s future minimum payments under lease obligations for the periods indicated:

    

December 31, 2023

    

December 31, 2022

Lease obligations

 

$

610.4

 

$

480.1

Less: Interest

 

167.4

 

101.3

 

443.0

 

378.8

Less: Current portion of lease obligations

 

59.6

 

51.5

Non-current portion of lease obligations

$

383.4

$

327.3

Lease obligations include $107.1 million of secured lease obligations as at December 31, 2023 ($120.4 million as at December 31, 2022).

Interest expense in connection with lease obligations was $23.0 million for the year ended December 31, 2023 ($15.3 million for the year ended December 31, 2022).

The following table presents principal and interest payments on future minimum lease payments under the lease obligations:

2024

    

$

85.5

2025

 

75.0

2026

 

142.0

2027

 

38.0

2028

 

33.3

Thereafter

 

236.6

$

610.4