XML 49 R33.htm IDEA: XBRL DOCUMENT
v3.21.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Leases [Abstract] |
Summary of Operating Lease Expense, Cash Flow Information, And Weighted Average Remaining Lease Terms and Discount Rates | Operating lease expense is as follows:
| Year ended December 31, 2020 |  | Year ended December 31, 2019
Operating lease cost | $ | 53.3 |  |  | $ | 49.7 |
Short-term and variable lease cost | 25.3 |  |  | 31.6 |
Total lease cost | $ | 78.6 |  |  | $ | 81.3 |
Supplemental cash flow information related to operating leases is as follows:
| Year ended December 31, 2020 |  | Year ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash outflows - payments on operating leases | $ | 53.3 |  |  | $ | 51.7 |
Right-of-use assets obtained in exchange for new lease obligations: |  |  |
Operating leases | $ | 65.1 |  |  | $ | 157.0 |
Weighted average remaining lease terms and discount rates for operating leases are as follows:
| December 31, 2020 |  | December 31, 2019
Weighted Average Remaining Lease Term | 4.5 years |  | 4.5 years
Weighted Average Discount Rate | 5.8 | % |  | 7.3 | %
Supplemental Balance Sheet Information Related to Operating Leases | Supplemental balance sheet information related to operating leases is as follows:
| Financial statement line item | December 31, 2020 |  | December 31, 2019
Operating lease right-of-use assets | Other assets | $ | 145.8 |  |  | $ | 110.4 |
Operating lease liabilities | Accrued expenses and other liabilities | 42.3 |  |  | 35.0 |
Operating lease liabilities | Other long-term liabilities | 107.3 |  |  | 78.2 |
Total lease liabilities |  | $ | 149.6 |  |  | $ | 113.2 |
Summary of Maturities of Lease Liabilities | Maturities of lease liabilities at December 31, 2020 are as follows:
| December 31, 2020 |  |
| Operating Leases |  |
2021 | $ | 51.0 |  |  |
2022 | 41.4 |  |  |
2023 | 33.4 |  |  |
2024 | 20.9 |  |  |
2025 | 10.4 |  |  |
Thereafter | 17.2 |  |  |
Total Lease Payments | 174.3 |  |  |
Less: Imputed Interest | (24.7) |  |  |
Present value of lease liabilities | $ | 149.6 |  |  |

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | vrt_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | vrt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration