XML 42 R31.htm IDEA: XBRL DOCUMENT v3.19.2
Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] Future minimum rental commitments for leases with non-cancelable terms of one year or more at December 31, 2018, under Accounting Standards Codification 840 are as follows:
Year Ended December 31,
Operating Leases
 
Finance Leases
 
 
 
 
2019
$
191.1

 
$
8.6

2020
145.4

 
8.0

2021
107.0

 
6.7

2022
80.9

 
6.0

2023
61.5

 
6.5

Thereafter
155.6

 
23.1


Operating Lease, Lease Income [Table Text Block]
The components of lease expense were as follows:
 
Three Months Ended June 30, 2019
 
Six Months Ended June 30, 2019
Operating lease cost
$
59.9

 
$
110.8

 
 

 
 
Finance lease cost:
 

 
 
Amortization of ROU assets
$
1.5

 
$
2.9

Interest on lease liabilities
0.4

 
1.2

Total finance lease cost
$
1.9

 
$
4.1


Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows:
 
Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$
(115.2
)
Operating cash flows from finance leases
(0.9
)
Financing cash flows from finance leases
(4.8
)
 
 
ROU assets obtained in exchange for lease obligations:
 
Operating leases
$
43.7

Finance leases
0.2


SUPPLEMENTAL CASH FLOW INFORMATION
 
Six Months Ended June 30,
 
2019
 
2018
Supplemental schedule of cash flow information:
 
 
 
Cash paid during period for:
 
 
 
Interest
$
123.8

 
$
188.2

Income taxes, net of refunds
119.6

 
148.6

Disclosure of non-cash financing and investing activities:
 

 
 

Conversion of zero-coupon convertible debt
7.2

 

Change in accrued property, plant and equipment
(12.5
)
 
4.8

Floating rate secured note receivable due 2022 from the sale of CRP
110.0

 


Lessee, Operating Lease, Disclosure [Table Text Block]
Supplemental balance sheet information related to leases was as follows:
 
June 30, 2019
Operating Leases
 
Operating lease ROU assets (included in Property, plant and equipment, net)
$
770.3

 
 

Short-term operating lease liabilities
229.2

Operating lease liabilities
586.1

Total operating lease liabilities
$
815.3

 
June 30, 2019
Finance Leases
 

Finance lease ROU assets (included in Other assets)
$
85.4

 
 

Short-term finance lease liabilities
$
8.2

Finance lease liabilities
46.2

Total finance lease liabilities
$
54.4

 
 
Weighted Average Remaining Lease Term
 
Operating leases
5.8

Finance leases
6.5

 
 

Weighted Average Discount Rate
 
Operating leases
4.2
%
Finance leases
4.8
%









Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Six Months Ended June 30, 2019
Operating Leases
 
Finance Leases
 
 
 
 
2019
$
254.1

 
$
7.1

2020
274.7

 
13.8

2021
174.6

 
12.0

2022
69.3

 
10.8

2023
45.1

 
10.7

Thereafter
153.1

 
34.5

Total lease payments
970.9

 
88.9

Less imputed interest
(155.6
)
 
(34.5
)
Total
$
815.3

 
$
54.4