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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Assets And Liabilities, Lessee
Supplemental Consolidated Balance Sheet information related to the Company's operating leases is as follows:
(in millions)
 
Classification on the Consolidated Balance Sheets
 
June 30, 2019
Assets
 
 
 
 
 
 
Operating lease right-of-use assets
 
$
117.3

 
 
 
 
 
Liabilities
 
 
 
 
Current
 
Accrued expenses and other current liabilities - Other
 
$
72.3

Long-term
 
Long-term operating lease liabilities
 
86.6

Total lease liabilities
 
 
 
$
158.9

 
 
 
 
 
Lease term and discount rate
 
June 30, 2019
Weighted average remaining lease term (years)
 
4.4

Weighted average discount rate
 
3.40
%

Lease, Cost
The components of operating lease expense are as follows:
(in millions)
Financial statement line item
 
Three Months Ended June 30, 2019
 
Six Months Ended June 30, 2019
Cost of sales
 
$
11.1

 
$
13.8

Selling and administrative expenses
 
7.3

 
14.9

Total lease cost
 
$
18.4

 
$
28.7


Supplemental cash flow information related to leases is as follows:
(in millions)
 
Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
 
 
Operating cash flows from operating leases
 
$
27.4

Right-of-use assets obtained in exchange for lease obligations
 
 
Operating leases
 
$
52.6


Lessee, Operating Lease, Liability, Maturity
Maturities of operating lease liabilities are as follows:
(in millions)
 
June 30, 2019
Remainder of 2019
 
$
60.3

2020
 
31.3

2021
 
22.0

2022
 
14.5

2023
 
11.4

Thereafter
 
37.2

Total lease payments
 
$
176.7

Less: Interest
 
(17.8
)
Present value of lease liabilities
 
$
158.9