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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Information on Leases

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

 

 

 

For the Years Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Lease cost

 

$

83.7

 

 

$

76.0

 

 

$

72.2

 

Cash paid for leases recognized in operating cash flows

 

$

81.4

 

 

$

73.6

 

 

 

 

 

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

 

$

83.5

 

 

$

55.0

 

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

 

 

 

2020

 

 

2019

 

Right-of-use assets recognized in Other assets

 

 

 

$

274.5

 

 

$

266.7

 

Lease liabilities recognized in Other current liabilities

 

 

 

$

75.0

 

 

$

64.2

 

Lease liabilities recognized in Other long-term liabilities

 

 

 

$

217.8

 

 

$

215.5

 

Weighted-average remaining lease term

 

 

 

5.8 years

 

 

6.3 years

 

Weighted-average discount rate

 

 

 

 

2.3

%

 

 

2.7

%

 

Schedule of Future Minimum Lease Payments

Our future minimum lease payments as of December 31, 2020 were (in millions):

 

For the Years Ending December 31,

 

 

 

 

 

 

 

 

2021

 

 

 

 

 

$

80.2

 

2022

 

 

 

 

 

 

59.1

 

2023

 

 

 

 

 

 

45.9

 

2024

 

 

 

 

 

 

37.0

 

2025

 

 

 

 

 

 

28.0

 

Thereafter

 

 

 

 

 

 

63.7

 

Total

 

 

 

 

 

 

313.9

 

Less imputed interest

 

 

 

 

 

 

21.1

 

Total

 

 

 

 

 

$

292.8