Leases

9 Months Ended

Sep. 30, 2019

The Company has operating leases primarily for real estate, data centers and equipment. Lease terms range from 1 year to 17 years.

Supplemental Consolidated Balance Sheet information related to the Company's operating leases is as follows:



(in millions)	Classification on the Consolidated Balance Sheets	September 30, 2019
Assets
	Operating lease right-of-use assets	$	84.2

Liabilities
Current	Accrued expenses and other current liabilities - Other	$	30.6
Long-term	Long-term operating lease liabilities	81.7
Total lease liabilities		$	112.3

Lease term and discount rate		September 30, 2019
Weighted average remaining lease term (years)		5.8
Weighted average discount rate		4.53		%

The components of operating lease expense are as follows:



(in millions) Financial statement line item	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Cost of sales	$	43.9	$	57.7
Selling and administrative expenses	7.0		21.9
Total lease cost	$	50.9	$	79.6

Maturities of operating lease liabilities are as follows:



(in millions)	September 30, 2019
Remainder of 2019	$	8.2
2020	31.5
2021	22.2
2022	15.0
2023	11.7
Thereafter	38.3
Total lease payments	$	126.9
Less: Interest	(14.6		)
Present value of lease liabilities	$	112.3

Supplemental cash flow information related to operating leases is as follows:



(in millions)	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	79.5
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	56.0

As of September 30, 2019, the Company has an additional operating lease commitment that has not yet commenced of $99 million. This operating lease is expected to commence in 2019 with a lease term of 17 years.