Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Asset and lease liability

The ROU asset and lease liability balances as of March 31, 2020 and December 31, 2019 were as follows:

(in Millions)	Classification	March 31, 2020		December 31, 2019
Assets
Operating lease ROU assets	Other assets including long-term receivables, net	$	155.8	$	164.7
Liabilities
Operating lease current liabilities	Accrued and other liabilities	$	28.0	$	31.5
Operating lease noncurrent liabilities	Other long-term liabilities	156.1		163.2

Components of lease expense, lease term and discount rate

The components of lease expense for the three months ended March 31, 2020 and 2019 were as follows:

		Three Months Ended March 31,
(in Millions)	Lease Cost Classification	2020		2019
Lease Cost
Operating lease cost	Costs of sales and services / Selling, general and administrative expenses	$	10.0	$	10.0
Variable lease cost	Costs of sales and services / Selling, general and administrative expenses	1.4		1.3
Total lease cost		$	11.4	$	11.3

	March 31, 2020
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)	9.9
Weighted-average discount rate	4.2	%

	Three Months Ended March 31,
(in Millions)	2020		2019
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(10.1)	$	(10.3)
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	$	0.9	$	0.3

Future minimum lease payments

The following table represents our future minimum operating lease payments as of, and subsequent to, March 31, 2020 under ASC 842:

(in Millions)	Operating Leases Total
Maturity of Lease Liabilities
2020 (excluding the three months ending March 31, 2020)	$	27.2
2021	27.6
2022	23.8
2023	18.9
2024	16.3
Thereafter	116.2
Total undiscounted lease payments	$	230.0
Less: Present value adjustment	(45.9)
Present value of lease liabilities	$	184.1