Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Lease Related Assets and Liabilities

A summary of the lease classification on our consolidated balance sheet as of March 31, 2019 follows:

		2019
Assets
Operating lease assets	Other assets	$	228.0
Finance lease assets	Property and equipment, net	119.7
Total leased assets		$	347.7
Liabilities
Current
Operating	Other accrued liabilities	$	33.7
Finance	Notes payable and current maturities of long-term debt	5.7
Long-term
Operating	Other long-term liabilities	214.3
Finance	Long-term debt, net of current maturities	102.8
Total lease liabilities		$	356.5

Lease, Cost

A summary of the lease cost reflected in our consolidated statement of operations for the three months ended March 31, 2019 follows:

		Three Months Ended March 31, 2019
Operating lease cost
Fixed lease cost	Cost of operations	$	9.3
Short-term lease cost	Cost of operations	10.1
Variable lease cost	Cost of operations	4.2
Finance lease cost
Amortization of leased assets	Depreciation amortization, and depletion	1.3
Interest on lease liabilities	Interest expense	1.9
Variable lease cost	Interest expense	1.3
Total lease cost		$	28.1

Lessee, Operating Lease, Liability, Maturity

Aggregate principal payments for operating and finance leases follows:

	Operating Leases		Finance Leases		Total
2019 (remaining)	$	35.6	$	9.9	$	45.5
2020	38.8		13.3		52.1
2021	35.3		12.9		48.2
2022	30.4		12.3		42.7
2023	29.0		37.7		66.7
Thereafter	137.3		128.4		265.7
Total lease payments	306.4		214.5		520.9
Less: interest	(58.4)		(106.0)		(164.4)
Present value of lease liabilities	$	248.0	$	108.5	$	356.5

Finance Lease, Liability, Maturity

Aggregate principal payments for operating and finance leases follows:

	Operating Leases		Finance Leases		Total
2019 (remaining)	$	35.6	$	9.9	$	45.5
2020	38.8		13.3		52.1
2021	35.3		12.9		48.2
2022	30.4		12.3		42.7
2023	29.0		37.7		66.7
Thereafter	137.3		128.4		265.7
Total lease payments	306.4		214.5		520.9
Less: interest	(58.4)		(106.0)		(164.4)
Present value of lease liabilities	$	248.0	$	108.5	$	356.5

Schedule of Weighted Average Remaining Lease Term and Discount Rate

A summary of the weighted-average remaining lease term and weighted-average discount rate as of March 31, 2019 follows:

	March 31, 2019
Weighted-average remaining lease term (years)
Operating leases	9.1
Finance leases	15.5
Weighted-average discount rate
Operating leases	3.8	%
Finance leases	7.4	%

Schedule of Leases, Supplemental Cash Flows

Supplemental cash flow and other non-cash information for the three months ended March 31, 2019 follows:

	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	25.0
Operating cash flows from finance leases	$	3.2
Financing cash flows from finance leases	$	2.6
Leased assets obtained in exchange for new finance lease liabilities	$	—
Leased assets obtained in exchange for new operating lease liabilities	$	1.7