Lease Commitments (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Lease Cost Components

The following table provides the components of lease cost for the three months ended March 31, 2019.

Table 50: Lease Cost Components

(In Millions)	Three Months Ended March 31, 2019
Operating Lease Cost	$	25.2
Variable Lease Cost	10.1
Sublease Income	(1.5		)
Total Lease Cost	$	33.8

Maturity of Lease Liability

The following table presents a maturity analysis of lease liabilities as of March 31, 2019.

Table 51: Maturity of Lease Liabilities

(In Millions)	Maturity of Lease Liabilities
2019 (excluding the three months ended March 31, 2019)	$	74.9
2020	96.6
2021	82.0
2022	66.6
2023	57.3
Later Years	207.0
Total Lease Payments	584.4
Less: Imputed Interest	(74.7		)
Present Value of Lease Liabilities	$	509.7

Leases

The location and amount of lease right-of-use assets and lease liabilities recorded in the consolidated balance sheet as of March 31, 2019 are presented below.

Table 52: Location and Amount of Lease Assets and Liabilities

(In Millions)	Location of Lease Assets and Liabilities in the Balance Sheet	March 31, 2019
Assets
Operating Lease Right-of-Use Asset	Other Assets	$	460.4
Liabilities
Operating Lease Liability	Other Liabilities	$	509.7

Weighted-Average Remaining Lease Term and Discount Rate

The weighted-average remaining lease term and weighted-average discount rate applied to leases as of March 31, 2019 were as follows:

Table 53: Weighted-Average Remaining Lease Term and Discount Rate

	March 31, 2019
Operating Leases
Weighted-Average Remaining Lease Term	7.7 years
Weighted-Average Discount Rate	3.4%

Supplemental Cash Flow Information

The following table provides supplemental cash flow information related to leases for the three months ended March 31, 2019.

Table 54: Supplemental Cash Flow Information

(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	$	28.3
Right-of-use assets obtained in exchange for new operating lease liabilities	1.0

Minimum Annual Lease Commitments

Table 55: Minimum Lease Payments as of December 31, 2018

(In Millions)	Future Minimum Lease Payments
2019	$	98.8
2020	97.8
2021	85.9
2022	77.2
2023	67.7
Later Years	335.7
Total Minimum Lease Payments	763.1
Less: Sublease Rentals	(23.4		)
Net Minimum Lease Payments	$	739.7