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Leases (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Lease Assets and Liabilities [Table Text Block]

as of December 31, 2020 and December 31, 2019 is as follows:


	December 31,
Type of Lease Asset or Liability	2020		2019		Balance Sheet Classification
	(in millions)
Operating Leases
Right-of-use assets	$	173.1	$	192.1	Other assets
Lease liabilities:
Short-term	64.0		67.1		Accrued liabilities
Long-term	109.6		127.0		Other noncurrent liabilities
Total	$	173.6	$	194.1
Finance Leases
Right-of-use assets:
Gross assets	$	457.9	$	423.2
Less: accumulated depreciation	89.3		57.5
Net assets	$	368.6	$	365.7	Property, plant and equipment, net
Lease liabilities:
Short-term	$	49.9	$	41.7	Current maturities of long-term debt
Long-term	294.6		303.4		Long-term debt, less current maturities
Total	$	344.5	$	345.1

Lease, Cost [Table Text Block]

The components of lease expense were as follows:


	December 31,
(in millions)	2020		2019
Operating lease cost	$	81.7	$	98.4
Finance lease cost:
Amortization of right-of-use assets	37.7		28.3
Interest on lease liabilities	13.3		15.2
Short-term lease cost	3.1		10.5
Variable lease cost	21.8		21.5
Total lease cost	$	157.6	$	173.9

Rental expense for 2020, 2019 and 2018 was $226.9 million, $249.1 million and $270.3 million, respectively.Supplemental cash flow information related to leases was as follows:


	December 31,
(In millions)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	96.6	$	107.9
Operating cash flows from finance leases	$	8.4	$	10.7
Financing cash flows from finance leases	$	46.9	$	41.3

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	22.4	$	56.0
Finance leases	$	36.4	$	88.2

Other information related to leases was as follows:

Schedule of Future Minimum Lease Payments for Operating and Finance Leases [Table Text Block]

Future lease payments under non-cancellable leases recorded as of December 31, 2020, were as follows:


	Operating Leases		Finance Leases
(in millions)
2021	$	71.6	$	63.5
2022	55.4		53.5
2023	25.4		78.3
2024	16.1		167.4
2025	5.6		5.1
Thereafter	21.1		14.5
Total future lease payments	$	195.2	$	382.3
Less imputed interest	(21.6)		(37.8)
Total	$	173.6	$	344.5