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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases  
Schedule of future minimum lease payments

The following summarizes: (i) the future minimum undiscounted lease payments under non-cancelable leases for the remainder of 2019 as well as each of the next five years and thereafter, incorporating the practical expedient to account for lease and non-lease components as a single lease component for our existing real estate leases, (ii) a reconciliation of the undiscounted lease payments to the present value of the lease liabilities recognized, and (iii) the lease-related account balances on our Condensed Consolidated Balance Sheets, all as of March 31, 2019:

 

 

 

 

 

 

 

Operating

Year Ended December 31,

 

Leases

2019 (excluding the three months ended March 31, 2019)

 

$

54.2

2020

 

 

43.9

2021

 

 

29.9

2022

 

 

19.4

2023

 

 

13.8

2024

 

 

10.4

Thereafter

 

 

24.4

Total future minimum lease payments

 

$

196.0

Less imputed interest

 

 

(15.9)

Total present value of future minimum lease payments

 

$

180.1

 

 

 

 

As of March 31, 2019:

 

 

 

Operating lease right-of-use assets (included in Intangibles, net and other long-term assets)

 

$

179.6

 

 

 

 

Other accrued expenses

 

$

62.7

Other long-term liabilities

 

 

117.4

    Total operating lease liabilities

 

$

180.1

 

Additional supplemental Data related to operating leases

The following summarizes additional supplemental data related to our operating leases:

 

 

 

 

 

 

 

    

 

 

 

 

 

Operating

 

Three Months Ended March 31, 2019:

 

Leases

 

Supplemental Cash Flow Information:

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows from operating leases

 

$

21.9

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease liabilities

 

$

17.5

 

 

 

 

 

 

As of March 31, 2019:

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 5

years

Weighted Average Discount Rate

 

 

3.4

%