LEASES

The Company has operating leases primarily for certain of its major facilities, including corporate offices, research and development facilities, and manufacturing facilities. The leases have remaining lease terms generally ranging from 1 to 8 years, some that include options to extend the lease for up to 10 years. The Company considers options to extend the lease in determining the lease term.

Operating lease expense for the first quarter of fiscal 2019 and 2018 was $14.4 million and $10.3 million, respectively. For the first quarter of fiscal 2019, $2.7 million of the lease expense was related to leases with terms of one year or less that are not recognized on the Company’s Condensed Consolidated Balance Sheets.

Supplemental cash flow information related to leases was as follows:



	First Quarter of
As of	2019
(In millions)
Cash paid for liabilities included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9.5

Right-of-use assets obtained in exchange for Operating lease liabilities:	$	7.2

Supplemental balance sheet information related to leases was as follows:



	First Quarter of
As of	2019
(In millions)

Operating lease right-of-use assets	$	121.1

Other current liabilities	$	28.3
Operating lease liabilities	95.1
Total operating lease liabilities	$	123.4

Weighted-average discount rate	4.3		%
Weighted-average remaining lease term	5 years

At the end of the first quarter of fiscal 2019, the Company's maturities of lease liabilities were as follows (in millions):



Year Payable
2019 (Remaining)	$	24.9
2020	30.3
2021	24.9
2022	20.1
2023	15.3
Thereafter	22.4
Total lease payments	$	137.9
Less imputed interest	$	14.5
Total	$	123.4