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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of Information on Leases

 

Information on our leases is as follows ($ in millions):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2019

 

 

September 30, 2019

 

Lease cost

 

$

19.0

 

 

$

56.0

 

Cash paid for leases recognized in operating cash flows

 

$

16.9

 

 

$

54.1

 

Right-of-use assets obtained in exchange for new lease liabilities

 

$

16.4

 

 

$

32.8

 

 

 

 

 

As of

 

 

 

September 30, 2019

 

Right-of-use assets recognized in Other assets

 

$

259.3

 

Lease liabilities recognized in Other current liabilities

 

$

61.8

 

Lease liabilities recognized in Other long-term liabilities

 

$

209.1

 

Weighted-average remaining lease term

 

6.3 years

 

Weighted-average discount rate

 

 

2.8

%

Schedule of Future Minimum Lease Payments

Our future minimum lease payments as of September 30, 2019 were (in millions):

 

For the Years Ending December 31,

 

 

 

 

2019 (October 1, 2019 to December 31, 2019)

 

$

18.1

 

2020

 

 

64.6

 

2021

 

 

51.9

 

2022

 

 

37.6

 

2023

 

 

31.3

 

Thereafter

 

 

94.8

 

Total

 

 

298.3

 

Less imputed interest

 

 

27.4

 

Total

 

$

270.9

 

Schedule of Future Minimum Rental Commitments Under Non-Cancelable Operating Leases Accordingly, the following were the future minimum rental commitments under non-cancelable operating leases as of December 31, 2018 (in millions):

For the Years Ending December 31,

 

 

 

 

2019

 

$

67.1

 

2020

 

 

56.9

 

2021

 

 

44.1

 

2022

 

 

32.2

 

2023

 

 

27.7

 

Thereafter

 

 

81.6