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Leases
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases

(13) Leases

 

The components of lease expense were as follows: 

 

 

 

 

Year Ended December 31,

 

 

 

 

 

2020

 

 

2019

 

Operating lease expense

 

 

 

$

143.1

 

 

$

153.5

 

Short-term lease expense

 

 

 

 

11.3

 

 

 

17.6

 

Other lease expense(1)

 

 

 

 

16.7

 

 

 

15.8

 

Total lease expense

 

 

 

$

171.1

 

 

$

186.9

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

Other information related to leases was as follows:

 

 

 

 

Year Ended December 31,

 

Supplemental Cash Flow Information

 

 

 

2020

 

 

2019

 

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

 

 

 

$

142.0

 

 

$

150.1

 

Operating ROU assets obtained in exchange for lease obligations

 

 

 

 

63.6

 

 

 

129.3

 

 


 

 

 

December 31,

 

Supplemental Balance Sheet Information

 

2020

 

 

2019

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease ROU assets

 

$

400.7

 

 

$

448.5

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities - current(1)

 

$

119.3

 

 

$

122.1

 

Operating lease liabilities - long-term

 

 

305.1

 

 

 

336.7

 

Total operating lease liabilities

 

$

424.4

 

 

$

458.8

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

 

 

Operating leases

 

5.2 years

 

 

5.6 years

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

Operating leases

 

 

2.9

%

 

 

3.1

%

 

 

Maturities of operating lease liabilities as of December 31, 2020 were as follows:

 

 

 

 

 

 

Period Ending December 31, 2020

 

Operating Leases

 

2021

 

$

129.6

 

2022

 

 

99.9

 

2023

 

 

69.9

 

2024

 

 

50.6

 

2025

 

 

34.0

 

Thereafter

 

 

77.3

 

Total future undiscounted lease payments

 

$

461.3

 

Less imputed interest

 

$

(36.9

)

Total operating lease liabilities

 

$

424.4