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LEASES (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Leases [Abstract]    
Schedule of operating lease expense

Operating lease expense is as follows:

 

 

 

 

Nine months ended

September 30, 2020

 

 

Nine months ended

September 30, 2019

 

Operating lease cost

 

 

 

$

38.3

 

 

 

 

$

37.5

 

 

Short-term and variable lease cost

 

 

 

 

19.5

 

 

 

 

 

21.8

 

 

Total lease cost

 

 

 

$

57.8

 

 

 

 

$

59.3

 

 

 

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

 

 

 

 

Nine months ended

 

September 30, 2020

 

 

Nine months ended

 

September 30, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash outflows – Payments on operating leases

 

 

 

$

38.3

 

 

 

 

$

37.5

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

 

$

42.0

 

 

 

 

$

142.8

 

 

 

 

 

 

 

 

 

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

Maturities of lease liabilities are as follows:

 


As of September 30, 2020
As of December 31, 2019
Operating Leases
2020
$ 12.9 $ 43.3
2021
43.4 31.6
2022
35.1 24.1
2023
27.6 18.0
2024
16.9 10.6
Thereafter
18.6 14.2
Total Lease Payments
154.5 141.8
Less: Imputed Interest
(23.2) (28.6)
Present value of lease liabilities
$ 131.3 $ 113.2
 

 

 

 

 

 

    

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