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Commitments and Contingencies
12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies —Commitments and Contingencies 
Leases
Lease Costs, Assets and Liabilities
The Company has operating leases primarily for manufacturing facilities, warehouses, offices and certain equipment. These leases have remaining lease terms of one to 13 years, some of which include one or more options to renew, with renewal terms that can extend the leases to one or 20 years or more. The components of lease cost follow:
(in millions)2019
Operating lease cost
$27.5  
Variable lease cost
5.0  
Short-term lease cost3.1  
Total lease cost$35.6  
A summary of lease assets and liabilities follows:
(in millions)
December 31,
2019
Assets:
Operating lease right-of-use assets(1)
$78.0  
Liabilities:
Operating lease liabilities - current(2)
22.2  
Operating lease liabilities - long-term(3)
61.8  
Total lease liabilities$84.0  
(1)Included in other long-term assets.
(2)Included in accrued and other current liabilities.
(3)Included in other long-term liabilities.
Maturity of lease liabilities as of December 31, 2019, follow:
(in millions)
20202021202220232024ThereafterTotal
Lease payments$24.8  $18.6  $13.7  $9.6  $6.8  $22.9  $96.4  
Less: imputed interest(12.4) 
Total lease liabilities$84.0  
As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, future minimum lease payments for non-cancelable operating leases in future years would have been as follows:

(in millions)
20192020202120222023Thereafter
Future minimum lease payments$16.7  $10.8  $6.8  $4.9  $4.2  $5.1  
Lease Term and Discount Rate
December 31,
2019
Operating leases:
Weighted-average remaining lease term (in years)
6.3
Weighted-average discount rate3.8 %
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of operating lease liabilities totaled $25.0 million for the year ended December 31, 2019. Operating lease right-of-use assets obtained in exchange for new operating lease liabilities totaled $100.5 million for the year ended December 31, 2019, of which $69.6 million related to the adoption of ASC 842.
Litigation 
Over the years, the Company has been named as a defendant, along with numerous other defendants, in lawsuits in various courts in which plaintiffs have alleged injury due to exposure to asbestos-containing brakes, which Carlisle manufactured in limited amounts between the late-1940s and the mid-1980s. In addition to compensatory awards, these lawsuits may also seek punitive damages. Generally, the Company has obtained dismissals or settlements of its asbestos-related lawsuits with no material effect on its financial condition, results of operations, or cash flows. The Company maintains insurance coverage that applies to the Company’s defense costs and payments of settlements or judgments in connection with asbestos-related lawsuits. At this time, the amount of reasonably possible asbestos claims, if any, is not material to the Company's financial position, results of operations, or operating cash flows, although these matters could result in the Company being subject to monetary damages, costs or expenses, and charges against earnings in particular periods.
The Company may occasionally be involved in various other legal actions, including environmental matters, arising in the normal course of business. In the opinion of management, the ultimate outcomes of such actions, either individually or in the aggregate, are not expected to have a material adverse effect on the consolidated financial position or annual operating cash flows of the Company.