Commitments and Contingencies (Notes)

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Guarantees

As discussed in our 2019 Annual Report, we have guaranteed certain obligations of our subsidiaries relating principally to operating leases, uncommitted lines of credit and cash pooling arrangements. As of March 31, 2020 and December 31, 2019, the amount of parent company guarantees on lease obligations was $713.4 and $739.1, respectively, the amount of parent company guarantees relating to uncommitted lines of credit was $276.4 and $293.8, respectively, and the amount of parent company guarantees related to daylight overdrafts, primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings, was $205.9 and $207.7, respectively.