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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Information on Leases

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

 

 

 

For the Years Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Lease cost

 

$

76.0

 

 

$

72.2

 

 

$

87.2

 

Cash paid for leases recognized in operating cash flows

 

$

73.6

 

 

 

 

 

 

 

 

 

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

 

$

55.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

 

December 31, 2019

 

Right-of-use assets recognized in Other assets

 

 

 

 

 

$

266.7

 

Lease liabilities recognized in Other current liabilities

 

 

 

 

 

$

64.2

 

Lease liabilities recognized in Other long-term liabilities

 

 

 

 

 

$

215.5

 

Weighted-average remaining lease term

 

 

 

 

 

6.3 years

 

Weighted-average discount rate

 

 

 

 

 

 

2.7

%

 

Schedule of Future Minimum Lease Payments

Our future minimum lease payments as of December 31, 2019 were (in millions):

 

For the Years Ending December 31,

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

$

70.5

 

2021

 

 

 

 

 

 

57.4

 

2022

 

 

 

 

 

 

42.0

 

2023

 

 

 

 

 

 

34.3

 

2024

 

 

 

 

 

 

29.0

 

Thereafter

 

 

 

 

 

 

74.1

 

Total

 

 

 

 

 

 

307.3

 

Less imputed interest

 

 

 

 

 

 

27.6

 

Total

 

 

 

 

 

$

279.7