Other Assets

6 Months Ended

Jun. 30, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER ASSETS

Prepaid Expenses and Other Current Assets

A summary of prepaid expenses and other current assets as of June 30, 2019 and December 31, 2018 follows:


	2019		2018
Prepaid expenses	$	67.4	$	75.6
Income tax receivable	64.8		187.7
Inventories	56.2		53.1
Reinsurance receivable	32.3		25.7
Other non-trade receivables	21.5		34.4
Prepaid fees for cloud-based hosting arrangements, current	7.9		10.2

Other current assets	4.5		4.5
Total	$	254.6	$	391.2

Other Assets

A summary of other assets as of June 30, 2019 and December 31, 2018 follows:


	2019		2018
Right-of-use lease asset ⁽²⁾	$	233.1	$	—
Deferred compensation plan	107.1		100.0
Deferred contract costs and sales commissions	84.4		89.2
Reinsurance receivable	77.7		68.0
Investments	63.3		73.0
Prepaid fees and capitalized implementation costs for cloud-based hosting arrangements ⁽¹⁾	39.2		—
Amounts recoverable for capping, closure and post-closure obligations	32.1		30.5
Interest rate swaps and locks	11.6		12.8
Deferred financing costs	3.6		4.2
Other	34.3		40.1
Total	$	686.4	$	417.8

(1) In accordance with our adoption of ASU 2018-15, capitalized implementation costs for cloud-based hosting arrangements are presented as other assets as of June 30, 2019. Similar costs are presented as a component of property and equipment, net as of December 31, 2018.

(2) Refer to Note 1, Basis of Presentation, for discussion regarding our adoption of ASC 842.