Leases (Tables)

12 Months Ended

Dec. 31, 2019

Additional lease information is summarized below:



	2019		2018		2017
Operating lease cost⁽¹⁾	$	452.9	$	552.7	$	464.6
Short-term lease cost ⁽²⁾	39.7
Variable lease cost	73.6		68.2		63.3

Operating cash outflows from operating leases ⁽²⁾	$	430.9
Leased assets obtained in exchange for new operating lease liabilities ⁽²⁾	$	346.4


⁽¹⁾	Operating lease cost for comparative periods includes short-term lease cost in accordance with ASC 840 disclosure requirements.

⁽²⁾

Disclosure was not required for comparative periods under ASC 840.

Maturities of Operating Lease Liabilities

The following table reconciles the undiscounted cash flows for each of the next five years and thereafter to the operating lease liabilities recognized on the balance sheet as of December 31, 2019. The reconciliation excludes short-term leases that are not recorded on the balance sheet.



Year Ending December 31,
2020	$	430.3
2021	377.1
2022	315.4
2023	248.5
2024	187.9
Thereafter	401.9
Total lease payments	1,961.1
Amount representing interest	(218.8		)
Present value of operating lease liabilities	$	1,742.3