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LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Lease receivables relating to sales-type lease arrangements are presented on the Condensed Consolidated Balance Sheets as follows (in millions):



	As of
	March 31, 2019			December 31, 2018
Gross lease receivables	$	144.1		$	150.4
Unearned income	(6.0		)	(6.3		)
Allowance for credit loss	(1.0		)	(1.0		)
Net investment in sales-type leases	$	137.1		$	143.1
Reported as:
Prepaids and other current assets	$	51.8		$	51.2
Intangible and other assets, net	85.3			91.9
Total, net	$	137.1		$	143.1

Schedule of Contractual Maturities of Gross Lease Receivables

Contractual maturities of gross lease receivables at March 31, 2019, are as follows (in millions):



Fiscal Year	Amount
2019	$	37.4
2020	48.1
2021	31.3
2022	16.6
2023	9.2
2024 and thereafter	1.5
Total	$	144.1

Schedule of Operating Lease Payments

The Company’s operating lease terms are generally five years or less with its customers. As of March 31, 2019, the maturities of lease payments are as follows (in millions):



Fiscal Year	Amount
2019	$	73.9
2020	98.2
2021	80.4
2022	63.3
2023	37.7
2024 and thereafter	4.6
Total	$	358.1

Supplemental Cash Flow and Balance Sheet Information

Supplemental balance sheet information, as of March 31, 2019, related to operating leases was as follows (in millions, except lease term and discount rate):



Reported as:
Intangible and other assets, net (Right-of-use assets)	$	74.2
Other accrued liabilities	$	5.3
Other long-term liabilities	71.3
Total lease liabilities	$	76.6
Weighted average remaining lease term	7 years
Weighted average discount rate	3.6%

Supplemental cash flow information, as of March 31, 2019, related to operating leases was as follows (in millions):



Cash paid within operating cash flows	$	3.3
Right-of-use assets recognized in exchange for new lease obligations	$	9.6

Schedule of Maturities of Operating Lease Liabilities

As of March 31, 2019, the maturities of the Company’s operating lease liabilities are as follows (in millions):



Fiscal Year	Amount
2019	$	8.9
2020	11.2
2021	16.1
2022	12.1
2023	11.0
2024 and thereafter	29.1
Total lease payments	$	88.4
Less imputed interest	(11.8		)
Total operating lease liabilities	$	76.6

Contractual Maturities of Gross Lease Receivables

Sales-type Leases. Contractual maturities of gross lease receivables as of December 31, 2018, are as follows (in millions):



Fiscal Year	Amount
2019	$	50.8
2020	46.5
2021	29.7
2022	14.9
2023	7.5
2024 and thereafter	1.0
Total	$	150.4

Schedule Of Future Minimum Lease Receivables and Commitments Under Operating Leases

Future minimum lease commitments under the Company’s operating leases as of December 31, 2018, are as follows (in millions):



Fiscal Year	Amount
2019	$	15.1
2020	14.5
2021	12.7
2022	11.2
2023	11.0
2024 and thereafter	30.9
Total	$	95.4

Future minimum lease payments related to non-cancellable portion of operating leases as of December 31, 2018, are as follows (in millions):



Fiscal Year	Amount
2019	$	88.0
2020	85.8
2021	68.8
2022	51.3
2023	25.4
2024 and thereafter	1.9
Total	$	321.2