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

The components of lease expense were as follows:

 

 

Three Months Ended September 30,

 

 

9 Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease expense

 

$

37.4

 

 

$

36.4

 

 

$

109.0

 

 

$

106.1

 

Short-term lease expense

 

 

1.8

 

 

 

3.5

 

 

 

9.0

 

 

 

15.6

 

Other lease expense(1)

 

$

3.9

 

 

$

2.6

 

 

$

12.4

 

 

$

12.5

 

Total lease expense

 

$

43.1

 

 

$

42.5

 

 

$

130.4

 

 

$

134.2

 

(1)

Other lease expense includes variable lease expense and sublease income.

Other information related to leases was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9 Months Ended September 30,

 

Supplemental Cash Flow Information

 

 

 

2020

 

 

2019

 

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

 

 

 

$

107.9

 

 

$

109.7

 

Operating ROU assets obtained in exchange for lease obligations

 

 

 

 

56.1

 

 

 

88.8

 

 

Weighted Average Remaining Lease Term

 

 

 

 

Operating leases

 

5.4 years

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

 

2.9

%

 

Supplemental Balance Sheet Information

 

 

September 30,

 

 

December 31,

 

Supplemental Balance Sheet Information

 

2020

 

 

2019

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease ROU assets

 

$

407.9

 

 

$

448.5

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities - current(1)

 

$

115.2

 

 

$

122.1

 

Operating lease liabilities - long-term

 

 

318.8

 

 

 

336.7

 

Total operating lease liabilities

 

$

434.0

 

 

$

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 September 30, 2020 were as follows:

(In millions)

 

 

 

 

Period Ending September 30, 2020

 

Operating Leases

 

Remainder of 2020

 

$

35.0

 

2021

 

 

118.0

 

2022

 

 

91.8

 

2023

 

 

68.8

 

2024

 

 

49.3

 

2025

 

 

31.8

 

Thereafter

 

 

77.9

 

Total future undiscounted lease payments

 

$

472.6

 

Less imputed interest

 

$

(38.6

)

Total operating lease liabilities

 

$

434.0