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Leases (Tables)

3 Months Ended

Mar. 31, 2019

The following table shows the components of our lease income (in millions):



	Three Months Ended March 31, 2019
Finance lease income	$	2.8
Operating lease income:
Fixed lease income	253.9
Variable lease income	17.7
Total operating lease income	271.6
Total lease income	$	274.4

The following table shows the components of our lease income (in millions):



	Three Months Ended March 31, 2019
Finance lease income	$	2.8
Operating lease income:
Fixed lease income	253.9
Variable lease income	17.7
Total operating lease income	271.6
Total lease income	$	274.4

The following table shows the components of our direct finance leases (in millions):



	March 31, 2019
Total contractual lease payments receivable	$	108.1
Estimated unguaranteed residual value of leased assets	57.5
Unearned income	(46.7		)
Finance leases	$	118.9

The following table shows the components of lease expense (in millions):



	Three Months Ended March 31, 2019
Finance lease cost:
Amortization of right-of-use assets	$	0.2
Interest on lease liabilities	0.1
Operating lease cost (1):
Fixed lease cost - operating leases	15.2
Total lease cost	$	15.5

________


(1)	Total operating lease cost includes amounts recorded in selling, general and administrative expense. Operating lease cost also includes short-term leases, which are immaterial.

The following table shows other information related to leases (in millions):



	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	32.0
Operating cash flows for finance leases	0.1
Financing cash flows for finance leases	0.3
Total cash from leases	$	32.4

The following table shows the lease terms and discount rates related to leases:



	March 31, 2019
Weighted-average remaining lease term (years):
Operating leases	10.3
Finance leases	0.5

Weighted-average discount rate:
Operating leases	3.87	%
Finance leases	3.39	%