The Company has operating leases for offices, manufacturing and research buildings, machinery, automobiles, data processing and other equipment. The Company’s leases have remaining lease terms of 1-46 years, some of which include options to extend the leases for up to 25 years, and some of which include options to terminate the leases within 1 year.

Finance lease right-of-use assets are presented together with other property, plant and equipment assets and finance lease liabilities are presented together with other short-term and long-term liabilities in the Consolidated Balance Sheets. The Company has not identified any material finance leases as of December 31, 2020.

As of December 31, 2020, the Company has no additional material operating leases that have not yet commenced.

The following tables provide information about the Company’s leases. Since finance leases are not material the finance lease cost components have not been disclosed in the tables below.

Lease cost
(in millions)	Year ended December 31
	2020			2019
Operating lease cost	$	45.9		$	48.5
Short-term lease cost		8.2			6.8
Variable lease cost		2.3			3.6
Sublease income		(1.6	)		(2.4	)
Total lease cost	$	54.8		$	56.5

Other information
(in millions)	Year ended or as of December 31,
	2020			2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	46.3		$	47.6
Right-of-use assets obtained in exchange for new operating lease liabilities		48.0			55.9
Weighted-average remaining lease term - operating leases	6 years			7 years
Weighted-average discount rate - operating leases		1.9	%		2.3	%

Maturities of operating lease liabilities (undiscounted cash flows) are as follows:
(in millions)
	Maturities
2021	$	37.8
2022		30.6
2023		22.6
2024		16.3
2025		12.7
Thereafter		30.0
Total operating lease payments		150.0
Less imputed interest		(9.4	)
Total operating lease liabilities	$	140.6