Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

LEASESThe Company leases office space, warehouses, vehicles, and equipment. Leases have remaining lease terms of 1 year to 20 years, some of which have renewal and termination options. Termination options are exercisable at the Company's option. Terms and conditions to extend or terminate are recognized as part of the right-of-use assets and lease liabilities where prescribed by the guidance. The majority of our leases are operating leases. Finance leases are immaterial to our condensed consolidated financial statements.

Operating lease expense is as follows:

	Three months ended June 30, 2020		Three months ended June 30, 2019		Six months ended June 30, 2020		Six months ended June 30, 2019
Operating lease cost	$	12.3	$	12.5	$	25.2	$	24.9
Short-term and variable lease cost	5.6		8.3		13.1		14.1
Total lease cost	$	17.9	$	20.8	$	38.3	$	39.0

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

	Six months ended June 30, 2020		Six months ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows - Payments on operating leases	$	25.2	$	24.7
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	24.6	$	126.5

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

	Financial statement line item	June 30, 2020		December 31, 2019
Operating lease right-of-use assets	Other assets	$	120.6	$	110.4
Operating lease liabilities	Accrued expenses and other liabilities	36.0		35.0
Operating lease liabilities	Other long-term liabilities	86.5		78.2
Total lease liabilities		$	122.5	$	113.2

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

	June 30, 2020		December 31, 2019
Weighted Average Remaining Lease Term	4.4 years		4.5 years
Weighted Average Discount Rate	6.5	%	7.3	%

Maturities of lease liabilities are as follows:

	As of June 30, 2020		As of December 31, 2019
	Operating Leases
2020	$	23.3	$	43.3
2021	37.5		31.6
2022	29.8		24.1
2023	23.0		18.0
2024	13.7		10.6
Thereafter	16.8		14.2
Total Lease Payments	144.1		141.8
Less: Imputed Interest	(21.6)		(28.6)
Present value of lease liabilities	$	122.5	$	113.2