XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.20.2

Leases | 9 Months Ended
--- | ---
Sep. 30, 2020
Leases |
Leases | Note 8. Leases ​ Our metals service center leases are comprised of processing and distribution facilities, equipment, trucks and trailers, ground leases and other leased spaces, such as depots, sales offices, storage and data centers. We also lease various office buildings, including our corporate headquarters in Los Angeles, California. Our leases of facilities and other spaces expire at various times through 2031 and our ground leases expire at various times through 2068. Nearly all of our leases are operating leases. Information regarding our insignificant finance leases is not included as it is not meaningful to an understanding of our lease obligations. ​ The following is a summary of our lease cost: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended | ​ | Nine Months Ended
​ | September 30, | ​ | September 30,
​ | 2020 |  | 2019 |  | 2020 |  | 2019
​ | (in millions) | ​ | (in millions)
Operating lease cost | $ | 20.4 | ​ | $ | 20.9 | ​ | $ | 61.9 | ​ | $ | 62.8
​ Supplemental cash flow and balance sheet information is presented below: ​
​ | ​ | ​ | ​ | ​ | ​
​ | Nine Months Ended
​ | September 30,
​ | 2020 |  | 2019
​ | (in millions)
Supplemental cash flow information | ​ | ​ | ​ | ​ | ​
Cash payments for operating leases | $ | 61.5 | ​ | $ | 62.6
Right-of-use assets obtained in exchange for operating lease obligations | $ | 35.8 | ​ | $ | 53.2
​ | ​ | ​ | ​ | ​ | ​
​ | September 30, | ​ | December 31,
​ | 2020 | ​ | 2019
Other lease information | ​ | ​ | ​ | ​ | ​
Weighted average remaining lease term—operating leases | ​ | 6.0 years | ​ | ​ | 5.6 years
Weighted average discount rate—operating leases | ​ | 4.0% | ​ | ​ | 4.3%
​ Maturities of operating lease liabilities as of September 30, 2020 are as follows: ​
​ | ​ | ​
​ | (in millions)
2020 (remaining three months) | $ | 15.4
2021 | ​ | 54.1
2022 | ​ | 42.5
2023 | ​ | 33.3
2024 | ​ | 26.1
Thereafter | ​ | 55.0
Total operating lease payments | ​ | 226.4
Less: imputed interest | ​ | (30.3)
Total operating lease liabilities | $ | 196.1
​

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