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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Assets And Liabilities, Lessee
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
%

Lease, Cost
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


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


Lessee, Operating Lease, Liability, Maturity
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.



Operating Leases of Lessee Disclosure
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