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LEASES (Tables)
12 Months Ended
Dec. 31, 2019
LEASES  
Schedule of operating lease expense

 

 

 

 

 

 

Year ended 

 

    

December 31, 2019

 

 

 

 

Operating lease cost

 

$

49.7

Short-term and variable lease cost

 

 

31.6

Total lease cost

 

$

81.3

 

Schedule of operating lease information

 

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

 

 

 

 

 

    

Year ended

 

 

December 31, 2019

Cash paid for amounts included in the measure'ment of lease liabilities:

 

 

  

Operating cash outflows - payments on operating leases

 

$

51.7

Right-of-use assets obtained in exchange for new lease obligations:

 

 

  

Operating leases

 

$

157.0

 

Supplemental balance sheet information related to operating leases is as follows:

 

 

 

 

 

 

 

    

 

    

December 31, 2019

Operating lease right-of-use assets

 

Financial statement line item Other assets

 

$

110.4

 

 

 

 

 

 

Operating lease liabilities

 

Accrued expenses and other liabilities

 

 

35.0

Operating lease liabilities

 

Other long-term liabilities

 

 

78.2

Total lease liabilities

 

  

 

 

113.2

 

Weighted average remaining lease terms and discount rates for operating leases are as follows:

 

 

 

 

 

    

December 31, 2019

 

Weighted Average Remaining Lease Term

 

4.5

 years

Weighted Average Discount Rate

 

7.3

%

 

Schedule of Maturities lease liabilities

 

 

 

 

 

    

December 31, 2019

 

 

Operating Leases

2020

 

$

43.3

2021

 

 

31.6

2022

 

 

24.1

2023

 

 

18.0

2024

 

 

10.6

Thereafter

 

 

14.2

Total Lease Payments

 

 

141.8

Less: Imputed Interest

 

 

(28.6)

Present value of lease liabilities

 

$

113.2

 


 

 

 

 

2019

    

$

51.4

2020

 

 

37.2

2021

 

 

25.4

2022

 

 

17.9

2023

 

 

12.4

Thereafter

 

 

19.2

Total noncancelable long-term leases

 

$

163.5