Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Asset and lease liability

The ROU asset and lease liability balances as of December 31, 2019 were as follows:

(in Millions)	Classification	Balance at December 31, 2019
Assets
Operating lease ROU assets	Other assets including long-term receivables, net	$	164.7
Liabilities
Operating lease current liabilities	Accrued and other liabilities	$	31.5
Operating lease noncurrent liabilities	Other long-term liabilities	163.2

Components of lease expense, lease term and discount rate

The components of lease expense for the year ended December 31, 2019 were as follows:

(in Millions)	Lease Cost Classification	2019
Operating lease cost	Costs of sales and services / Selling, general and administrative expenses	$	41.3
Variable lease cost	Costs of sales and services / Selling, general and administrative expenses	5.2
Total lease cost		$	46.5

	December 31, 2019
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)	9.9
Weighted-average discount rate	4.2	%

(in Millions)	Year ended December 31, 2019
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(42.3)
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Right-of-use assets obtained in exchange for new operating lease liabilities	$	15.7

Future minimum lease payments

The following table represents our future minimum operating lease payments as of, and subsequent to, December 31, 2019 under ASC 842:

(in Millions)	Operating Leases Total
Maturity of Lease Liabilities
2020	$	38.3
2021	28.3
2022	24.1
2023	19.0
2024	16.3
Thereafter	116.8
Total undiscounted lease payments	$	242.8
Less: Present value adjustment	(48.1)
Present value of lease liabilities	$	194.7

Schedule of Future Minimum Rental Payments for Operating Leases

The tables below represent our future minimum lease payments as of December 31, 2018 and rent expense for operating leases under ASC 840.

	Future Minimum Lease Payments
(in Millions)	2019		2020		2021		2022		2023		Thereafter
Operating Leases	$	36.0	$	31.1	$	20.4	$	17.1	$	13.3	$	107.1
Capital Lease	$	2.9	$	2.9	$	3.1	$	3.1	$	3.1	$	4.3

Schedule of Future Minimum Lease Payments for Capital Leases

The tables below represent our future minimum lease payments as of December 31, 2018 and rent expense for operating leases under ASC 840.

	Future Minimum Lease Payments
(in Millions)	2019		2020		2021		2022		2023		Thereafter
Operating Leases	$	36.0	$	31.1	$	20.4	$	17.1	$	13.3	$	107.1
Capital Lease	$	2.9	$	2.9	$	3.1	$	3.1	$	3.1	$	4.3

Schedule of Operating Lease Rent Expense

Our capital lease, which was related to our research and technology center in China, represented a financing obligation, and was derecognized as part of our transition to ASC 842. This lease was assessed under ASC 842 and determined to be an operating lease. 

	Year ended December 31,
(in Millions)	2018		2017
Operating leases rent expense	$	40.0	$	26.1