XML 57 R41.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease costs and other information related to leases

For the twelve months ended December 31, 2019, we recognized the following total lease cost related to our lease arrangements (in millions):
 
For the Twelve months ended
 
December 31, 2019
Finance lease cost:
 
Amortization of right-of-use assets
$
4.2

Interest on lease liabilities
0.5

Operating lease cost
53.2

Short-term lease cost
18.3

Variable lease cost
5.0

Sublease income
(11.4
)
Total lease cost
$
69.6


Other information related to leases as of December 31, 2019:
 
Operating Leases
 
Finance Leases
Weighted-average remaining lease term (years)
6.5

 
5.6

Weighted-average discount rate
5.9
%
 
3.2
%
Cash paid for amounts included in the measurement of lease liabilities (in millions):

 


Operating cash flows from finance leases
$
—

 
$
0.5

Operating cash flows from operating leases
52.9

 
—

Financing cash flows from finance leases
—

 
4.0

Right of use assets obtained in exchange for new operating lease liability (noncash in millions)
30.2

 
—

Right of use assets obtained in exchange for new financing lease liability (noncash in millions)
—

 
8.2


Remaining lease payments
As of December 31, 2019, our remaining lease payments were as follows (in millions):
 
Operating Leases
 
Finance Leases
2020
$
43.7

 
$
4.8

2021
35.6

 
3.8

2022
29.0

 
3.5

2023
22.9

 
2.8

2024
16.3

 
1.8

Thereafter
50.1

 
3.8

Total remaining lease payments (undiscounted)
197.6

 
20.4

Less: imputed interest
37.2

 
1.7

Present value of lease liabilities
$
160.3

 
$
18.7


The assets and accumulated amortization recorded under finance leases are as follows (in millions):
 
As of December 31,
 
2019
 
2018
Finance leases
$
32.6

 
$
30.9

Accumulated amortization
14.8

 
18.4

Finance leases, net
$
17.8

 
$
12.4


Remaining lease payments
As of December 31, 2019, our remaining lease payments were as follows (in millions):
 
Operating Leases
 
Finance Leases
2020
$
43.7

 
$
4.8

2021
35.6

 
3.8

2022
29.0

 
3.5

2023
22.9

 
2.8

2024
16.3

 
1.8

Thereafter
50.1

 
3.8

Total remaining lease payments (undiscounted)
197.6

 
20.4

Less: imputed interest
37.2

 
1.7

Present value of lease liabilities
$
160.3

 
$
18.7


Future minimum lease payments under non-cancelable operating leases
As of December 31, 2018, our future minimum lease payments under noncancelable operating leases were as follows (in millions):

Year Ended December 31,
2019
$
50.7

2020
37.1

2021
30.7

2022
23.7

2023
17.8

Thereafter
48.5

Total future minimum lease payments under noncancelable operating leases
$
208.6



Supplemental balance sheet information related to leases


Supplemental balance sheet information related to leases (in millions):
 
Classification
 
As of December 31, 2019
Assets
 
 
 
Operating Lease Assets
Identifiable intangible and other non-current assets
 
$
153.7

Finance Lease Assets
Property and equipment, net
 
17.8

 

 


Liabilities

 


Operating Lease Liability - Current
Accrued expenses and other current liabilities
 
35.6

Operating Lease Liability - Long Term
Other long-term liabilities
 
124.7

Finance Lease Liability - Current
Current maturities of long-term debt
 
4.3

Finance Lease Liability - Long Term
Long-term debt
 
14.4