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Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Components of Lease Expense and Other Information

The components of lease expense were as follows:

 

 

 

Three Months Ended June 30,

 

 

6 Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease expense

 

$

35.6

 

 

$

35.0

 

 

$

71.6

 

 

$

69.7

 

Short-term lease expense

 

 

3.3

 

 

 

6.0

 

 

 

7.2

 

 

 

12.1

 

Other lease expense(1)

 

$

4.2

 

 

$

4.8

 

 

$

8.5

 

 

$

9.9

 

Total lease expense

 

$

43.1

 

 

$

45.8

 

 

$

87.3

 

 

$

91.7

 

(1)

Other lease expense includes variable lease expense and sublease income.

Other information related to leases was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6 Months Ended June 30,

 

Supplemental Cash Flow Information

 

 

 

2020

 

 

2019

 

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

 

 

 

$

71.6

 

 

$

64.8

 

Operating ROU assets obtained in exchange for lease obligations

 

 

 

 

26.0

 

 

 

69.7

 

 

Weighted Average Remaining Lease Term

 

 

 

 

Operating leases

 

5.5 years

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

 

3.1

%

 

Supplemental Balance Sheet Information

 

 

June 30,

 

 

December 31,

 

Supplemental Balance Sheet Information

 

2020

 

 

2019

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease ROU assets

 

$

409.1

 

 

$

448.5

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities - current(1)

 

$

113.4

 

 

$

122.1

 

Operating lease liabilities - long-term

 

 

308.5

 

 

 

336.7

 

Total operating lease liabilities

 

$

421.9

 

 

$

458.8

 

(1)

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

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2020 were as follows:

(In millions)

 

 

 

 

Period Ending June 30, 2020

 

Operating Leases

 

Remainder of 2020

 

$

67.0

 

2021

 

 

109.5

 

2022

 

 

84.6

 

2023

 

 

58.5

 

2024

 

 

41.9

 

2025

 

 

28.1

 

Thereafter

 

 

73.2

 

Total future undiscounted lease payments

 

$

462.8

 

Less imputed interest

 

$

(40.9

)

Total operating lease liabilities

 

$

421.9