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Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Leases | Leases The Company has operating leases primarily for real estate, data centers and equipment. Lease terms range from 1 year to 17 years. Supplemental Consolidated Balance Sheets information related to the Company's operating leases is as follows:
|  | Classification on the Consolidated Balance Sheets |  | December 31, 2019
Assets |  |  |  |
|  | Operating lease right-of-use assets |  | $ | 131.8 |
Liabilities |  |  |  |
Current |  | Accrued expenses and other current liabilities - Other |  | $ | 30.1 |
Long-term |  | Long-term operating lease liabilities |  | 131.1 |
Total lease liabilities |  |  |  | $ | 161.2 |
Lease term and discount rate |  | December 31, 2019
Weighted average remaining lease term (years) |  | 9.7 |
Weighted average discount rate |  | 4.78 | %
The components of operating lease expense are as follows:
Financial statement line item |  | Twelve Months Ended December 31, 2019
Cost of sales |  | $ | 62.7 |
Selling and administrative expenses |  | 30.6 |
Total lease cost |  | $ | 93.3 |
Maturities of operating lease liabilities are as follows:
|  | December 31, 2019
2020 |  | $ | 32.2 |
2021 |  | 27.9 |
2022 |  | 23.0 |
2023 |  | 19.9 |
2024 |  | 17.7 |
Thereafter |  | 156.6 |
Total lease payments |  | $ | 277.3 |
Less: Interest |  | (80.9 | )
Less: Lease incentives (1) |  | (35.2 | )
Present value of lease liabilities |  | $ | 161.2 |
(1) Includes lease incentives that will be realized in 2020. Supplemental cash flow information related to operating leases is as follows:
|  | Twelve Months Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities |  |
Operating cash flows from operating leases |  | $ | 88.0 |
Right-of-use assets obtained in exchange for lease obligations |  |
Operating leases |  | $ | 110.2 |
Disclosure related to periods prior to adoption of Topic 842 For the years ended December 31, 2018 and 2017 lease expense was $30 million and $29 million, respectively. The Company had the following future minimum lease payments under non-cancelable leases as of December 31, 2018:
|  | December 31, 2018
2019 |  | $ | 29.7 |
2020 |  | 27.0 |
2021 |  | 22.7 |
2022 |  | 19.5 |
2023 |  | 17.2 |
Thereafter |  | 148.6 |
Total future minimum lease payments |  | $ | 264.7 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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