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LEASES

12 Months Ended

Dec. 31, 2020

The Company leases certain office space, manufacturing facilities, land, apartments, warehouses, vehicles, and equipment with remaining lease terms ranging from less than 1 year to 20 years, some of which include options to extend or terminate the leases.

Operating lease costs for the years ended December 31, 2020, 2019, and 2018 were $30.5 million, $27.9 million, and $27.0 million, respectively. Short-term and variable lease costs were not material for the years ended December 31, 2020 and 2019.

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


	As of December 31,
	2020		2019
Operating lease right-of-use assets	$	94.2	$	80.1

Operating lease liabilities, current portion	$	27.2	$	25.5
Operating lease liabilities, long-term portion	72.7		58.9
Total operating lease liabilities	$	99.9	$	84.4

Maturities of operating lease liabilities at December 31, 2020 were as follows (in millions):


2021	$	30.0
2022	20.7
2023	14.4
2024	8.8
2025	6.1
Thereafter	28.1
Total lease payments	108.1
Less: imputed interest	(8.2)
Total lease liabilities	$	99.9

The following table provides information on the lease terms and discount rates:


	Years Ended December 31,
	2020		2019
Weighted-average remaining lease term (in years)	6.6		5.3
Weighted-average discount rate	2.7	%	2.8	%

As of December 31, 2020, the Company had no additional operating lease commitments for office space that have not yet commenced.