XML 17 R18.htm IDEA: XBRL DOCUMENT
v3.20.1

Leases (Notes) | 12 Months Ended
--- | ---
Dec. 31, 2019
Leases [Abstract] |
Leases | LEASES The Company has leases for corporate offices, manufacturing facilities, research and development facilities, and certain transportation and office equipment, all of which are operating leases. The Company's leases have remaining lease terms of up to 40 years, some of which include options to extend the leases for up to 5 years. The components of lease expense were as follows:
(DOLLARS IN THOUSANDS) | December 31, 2019
Operating lease cost | $ | 52,213 |
Financing lease cost | 2,235 |
The total rental expense, as calculated prior to the adoption of ASU 2016-02, was as follows:
| December 31,
(DOLLARS IN THOUSANDS) | 2018 |  | 2017
Rental Expense | $ | 42,365 |  |  | $ | 37,785 |
Supplemental cash flow information related to leases was as follows:
(DOLLARS IN THOUSANDS) | December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities |
Operating cash flow from operating activities | $ | 51,444 |
Operating cash flow from finance leases | 64 |
Financing cash flow from finance leases | 2,204 |
Right-of-use assets obtained in exchange for lease obligations |
Operating leases | 29,823 |
Finance leases | 2,833 |
Supplemental balance sheet information related to leases was as follows:
(DOLLARS IN THOUSANDS) | December 31, 2019
Operating Leases |
Operating lease right-of-use assets(1) | $ | 287,870 |
Other current liabilities(2) | 37,744 |
Operating lease liabilities(3) | 253,367 |
Total operating lease liabilities | 291,111 |
Financing Leases |
Financing lease right-of-use assets(1) | 4,792 |
Other current liabilities(2) | 1,931 |
Financing lease liabilities(3) | 2,525 |
Total financing lease liabilities | 4,456 |
_______________________
(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.
Weighted average remaining lease term and discount rate were as follows:
| December 31, 2019
Weighted average remaining lease term in years |
Operating leases | 11.3 |
Finance leases | 3.3 |
Weighted average discount rate |
Operating leases | 3.89 | %
Finance leases | 1.69 | %
Maturities of lease liabilities were as follows:
(DOLLARS IN THOUSANDS) | December 31, 2019
Operating Leases |
Less than 1 Year | $ | 49,199 |
1-3 Years | 81,829 |
3-5 Years | 60,489 |
After 5 years | 178,231 |
Less: Imputed Interest | (78,637 | )
Total | $ | 291,111 |
Financing Leases |
Less than 1 Year | $ | 2,036 |
1-3 Years | 2,073 |
3-5 Years | 486 |
After 5 years | 26 |
Less: Imputed Interest | (165 | )
Total | $ | 4,456 |
Minimum rental payments under non-cancellable operating leases, as calculated prior to the adoption of ASU 2016-02, were as follows:
(DOLLARS IN THOUSANDS) | December 31, 2018
2019 | $ | 49,350 |
2020 | 42,156 |
2021 | 36,445 |
2022 | 32,174 |
2023 | 28,499 |
Thereafter | 201,078 |
Total | $ | 389,700 |
Right of use assets by region were as follows:
(DOLLARS IN THOUSANDS) | December 31, 2019
Operating Leases |
North America | $ | 143,556 |
Europe, Africa and Middle East | 110,552 |
Greater Asia | 20,492 |
Latin America | 13,270 |
Consolidated | $ | 287,870 |
Financing Leases |
North America | $ | 246 |
Europe, Africa and Middle East | 3,221 |
Greater Asia | 516 |
Latin America | 809 |
Consolidated | $ | 4,792 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration