Leases - As a Lessee (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Lease, Cost

Supplemental cash flow and other information related to leases is as follows (in millions):

	Three Months Ended March 31, 2020		Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5.6	$	5.1
Operating cash flows from finance leases	0.4		0.5
Financing cash flows from finance leases	0.7		0.6
Non-cash right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	50.6	$	87.0
Finance leases	—		—

The components of lease expense are as follows (in millions):

	Three Months Ended March 31, 2020		Three Months Ended March 31, 2019
Operating lease cost	$	6.2	$	5.0
Finance lease cost:
Amortization of assets	0.4		0.6
Interest on lease liabilities	0.4		0.5
Total net lease cost	$	7.0	$	6.1

Assets And Liabilities, Lessee

Supplemental balance sheet information related to leases is as follows (in millions, except lease term and discount rate):

	March 31, 2020			December 31, 2019
Operating leases:
Operating lease right-of-use assets	$	208.6		$	161.9
Operating lease liabilities	$	243.0		$	195.8
Finance leases:
Property and equipment, at cost	$	32.0		$	34.9
Accumulated amortization	(5.3		)	(5.0		)
Property and equipment, net	$	26.7		$	29.9
Finance lease liabilities	$	29.4		$	31.8
Weighted average remaining lease term (in years):
Operating leases	17.4			15.8
Finance leases(a)	18.1			18.1
Weighted average discount rate:
Operating leases	3.8		%	3.9		%
Finance leases(a)	4.9		%	4.9		%

(a) Excludes a 999-year ground lease in Dublin, The Republic of Ireland entered into during the third quarter of 2019. The Dublin finance lease was capitalized as land and included in Construction in progress, including land under development on the consolidated balance sheets.

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities were as follows as of March 31, 2020 (in millions):

	Operating Leases			Finance Leases
2020	$	16.8		$	3.6
2021	25.2			4.0
2022	26.7			2.8
2023	23.0			1.8
2024	18.5			1.3
2025	17.0			1.3
Thereafter	205.5			27.9
Total lease payments	$	332.7		$	42.7
Less: Imputed interest	(89.7		)	(13.3		)
Total lease obligations	$	243.0		$	29.4

Maturities of lease liabilities were as follows as of December 31, 2019 (in millions):

	Operating Leases			Finance Leases
2020	$	22.4		$	5.0
2021	21.0			4.1
2022	22.4			2.9
2023	18.5			1.9
2024	13.9			1.4
Thereafter	165.4			31.1
Total lease payments	$	263.6		$	46.4
Less: Imputed interest	(67.8		)	(14.6		)
Total lease obligations	$	195.8		$	31.8

Finance Lease, Liability, Maturity

Maturities of lease liabilities were as follows as of March 31, 2020 (in millions):

	Operating Leases			Finance Leases
2020	$	16.8		$	3.6
2021	25.2			4.0
2022	26.7			2.8
2023	23.0			1.8
2024	18.5			1.3
2025	17.0			1.3
Thereafter	205.5			27.9
Total lease payments	$	332.7		$	42.7
Less: Imputed interest	(89.7		)	(13.3		)
Total lease obligations	$	243.0		$	29.4

Maturities of lease liabilities were as follows as of December 31, 2019 (in millions):

	Operating Leases			Finance Leases
2020	$	22.4		$	5.0
2021	21.0			4.1
2022	22.4			2.9
2023	18.5			1.9
2024	13.9			1.4
Thereafter	165.4			31.1
Total lease payments	$	263.6		$	46.4
Less: Imputed interest	(67.8		)	(14.6		)
Total lease obligations	$	195.8		$	31.8