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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Lease cost and other information
Weighted average remaining lease term and discount rate were as follows:
 
Weighted Average Remaining Lease Term
(in years)
 
Weighted Average Discount Rate
Operating leases
11.8
 
3.18
%

The components of lease expense were as follows:
 
Three Months Ended
 
Six Months Ended
(DOLLARS IN THOUSANDS)
June 30, 2019
 
June 30, 2019
Operating lease cost
$
13,337

 
$
25,806

Supplemental cash flow information related to leases was as follows:
 
Six Months Ended
(DOLLARS IN THOUSANDS)
June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$
24,363


Supplemental balance sheet information and leases by region
Supplemental balance sheet information related to leases was as follows:
(DOLLARS IN THOUSANDS)
June 30, 2019
Operating Leases
 
Operating lease right-of-use assets(1)
$
308,965

 
 
Other current liabilities(2)
39,638

Operating lease liabilities(3)
274,492

Total operating lease liabilities
$
314,130


_______________________ 
(1)
Presented in Other assets in the Consolidated Balance Sheet.
(2)
Presented in Other current liabilities in the Consolidated Balance Sheet.
(3)
Presented in Other liabilities in the Consolidated Balance Sheet.
Right-of-use assets by region were as follows:
(DOLLARS IN THOUSANDS)
June 30, 2019
North America
$
145,533

Europe, Africa and Middle East
125,806

Greater Asia
22,792

Latin America
14,834

Consolidated
$
308,965


Maturities of lease liabilities
Maturities of lease liabilities were as follows:
(DOLLARS IN THOUSANDS)
June 30, 2019
Less than 1 Year
$
36,096

1-3 Years
80,054

3-5 Years
66,120

After 5 years
218,471

Less: Imputed Interest
(86,611
)
Total
$
314,130


Maturities of lease liabilities, prior to adoption
Maturities of lease liabilities, as calculated prior to the adoption of ASU 2016-02, were as follows:
(DOLLARS IN THOUSANDS)
December 31, 2018
Less than 1 Year
$
49,350

1-3 Years
78,600

3-5 Years
60,672

After 5 years
201,079

Total
$
389,701