Leases

6 Months Ended

Jun. 30, 2019

The Company has operating leases primarily for real estate, data centers and equipment. Lease terms range from 1 year to 16 years.

Supplemental Consolidated Balance Sheet information related to the Company's operating leases is as follows:



(in millions)	Classification on the Consolidated Balance Sheets	June 30, 2019
Assets
	Operating lease right-of-use assets	$	117.3

Liabilities
Current	Accrued expenses and other current liabilities - Other	$	72.3
Long-term	Long-term operating lease liabilities	86.6
Total lease liabilities		$	158.9

Lease term and discount rate		June 30, 2019
Weighted average remaining lease term (years)		4.4
Weighted average discount rate		3.40		%

The components of operating lease expense are as follows:



(in millions) Financial statement line item	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Cost of sales	$	11.1	$	13.8
Selling and administrative expenses	7.3		14.9
Total lease cost	$	18.4	$	28.7

Maturities of operating lease liabilities are as follows:



(in millions)	June 30, 2019
Remainder of 2019	$	60.3
2020	31.3
2021	22.0
2022	14.5
2023	11.4
Thereafter	37.2
Total lease payments	$	176.7
Less: Interest	(17.8		)
Present value of lease liabilities	$	158.9

Supplemental cash flow information related to leases is as follows:



(in millions)	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	27.4
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	52.6

As of June 30, 2019, the Company has an additional operating lease commitment that has not yet commenced of $99 million. This operating lease is expected to commence in 2020 with a lease term of 16 years.