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Leases (Tables)
9 Months Ended
Sep. 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
 
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
%

Lease, Cost
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


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


Lessee, Operating Lease, Liability, Maturity
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