XML 25 R31.htm IDEA: XBRL DOCUMENT v3.19.3
Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense for the three and nine months ended September 30, 2019 were as follows:

 

 

Three months ended

 

 

Nine months ended

 

 

September 30, 2019

 

 

September 30, 2019

 

Operating lease expense

$

6.5

 

 

$

19.7

 

Sublease income

 

(1.4

)

 

 

(3.9

)

Net lease expense

$

5.1

 

 

$

15.8

 

Summary of Other Information Related to Operating Leases

 

Other information related to operating leases as of and for the nine months ended September 30, 2019 were as follows:

 

Lease Term and Discount Rate

September 30, 2019

 

Weighted average remaining lease term

4.5 years

 

Weighted average discount rate

 

4.6

%

 

 

Nine months ended

 

Lease Liabilities

September 30, 2019

 

Cash paid related to lease liabilities

$

20.8

 

Non-cash disclosure:

 

 

 

Increase in ROU assets due to new lease liabilities

$

9.6

 

Decrease in ROU assets due to lease modifications and
remeasurements

 

(7.8

)

Summary of Maturities of Lease Liabilities for Operating Leases

 

Maturities of lease liabilities for operating leases as of September 30, 2019 were as follows:

 

 

Amount

 

2019 (a)

$

7.0

 

2020

 

25.8

 

2021

 

20.6

 

2022

 

16.1

 

2023

 

10.2

 

2024 and thereafter

 

15.6

 

Total lease payments

 

95.3

 

Less: Interest

 

(9.2

)

Present value of lease liabilities

$

86.1

 

 

(a)

Excluding payments for the nine months ended September 30, 2019

 

As of September 30, 2019

 

 

 

Accrued liabilities

$

22.9

 

Noncurrent lease liabilities

 

63.2

 

Total

$

86.1

 

Future minimum rental commitments under non-cancellable operating leases as of December 31, 2018 were expected to be as follows:

 

Year ended December 31

Amount

 

2019

$

26.4

 

2020

 

22.6

 

2021

 

16.6

 

2022

 

10.9

 

2023

 

8.7

 

2024 and thereafter

 

16.3

 

Total

$

101.5