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Leases
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Leases

(13) Leases

 

The components of lease expense were as follows: 

 

 

 

 

Year Ended

 

 

 

 

 

December 31, 2019

 

Operating lease expense

 

 

 

$

153.5

 

Short-term lease expense

 

 

 

 

17.6

 

Other lease expense(1)

 

 

 

 

15.8

 

Total lease expense

 

 

 

$

186.9

 

 

 

 

 

 

 

 

(1) Other lease expense includes variable lease expense and sublease income.

 

 

 

 

 

 

Other information related to leases was as follows:

 

 

 

 

 

Year Ended

 

Supplemental Cash Flow Information

 

 

 

December 31, 2019

 

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

 

 

 

$

150.1

 

Operating ROU assets obtained in exchange for lease obligations

 

 

 

 

129.3

 

 

 

 

December 31,

 

Supplemental Balance Sheet Information

 

2019

 

Operating Leases

 

 

 

 

 

 

 

 

 

Operating lease ROU assets

 

$

448.5

 

 

 

 

 

 

Operating lease liabilities - current(1)

 

$

122.1

 

Operating lease liabilities - long-term

 

 

336.7

 

Total operating lease liabilities

 

$

458.8

 

 

 

 

 

 

(1)   Operating lease liabilities - current are included in accrued expenses on our Consolidated Balance Sheets.

 

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 

 

Operating leases

 

5.6 years

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

 

3.1

%

 

 

Maturities of operating lease liabilities as of December 31, 2019 were as follows:

 

(In millions)

 

 

 

 

Period Ending December 31, 2019

 

Operating Leases

 

2020

 

$

133.8

 

2021

 

 

102.7

 

2022

 

 

78.7

 

2023

 

 

54.1

 

2024

 

 

38.6

 

Thereafter

 

 

96.0

 

Total future undiscounted lease payments

 

$

503.9

 

Less imputed interest

 

$

(45.1

)

Total operating lease liabilities

 

$

458.8

 

 

Maturities of operating leases accounted for under ASC 840 as liabilities as of December 31, 2018 were as follows:

 

(In millions)

 

 

 

 

Period Ending December 31, 2018

 

Operating Leases

 

2019

 

$

151.4

 

2020

 

 

115.2

 

2021

 

 

85.5

 

2022

 

 

65.0

 

2023

 

 

44.1

 

Thereafter

 

 

105.6

 

Total minimum lease payments

 

$

566.8