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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Components of Lease Expense and Other Information
The components of single lease cost were as follows:

 
Three months ended
 
March 31, 2019
 
March 31, 2018
Operating lease cost (1)
$
22.1

 
$
21.9

Finance lease cost:

 
 
     Amortization of assets under finance lease
21.7

 
21.7

     Interest
2.2

 
1.9

Total finance lease cost
$
23.9

 
$
23.6

(1) Is presented gross of sublease income and includes short-term leases, which are immaterial

Other information related to leases was as follows:
 
Three months ended
 
March 31, 2019
Supplemental Cash Flow Information:
 
Cash paid for amounts included in the measurement of lease liabilities:
 
     Payments for operating leases included in cash from operating activities
$
23.0

     Payments for finance leases included in cash from operating activities
$
2.2

     Payments for finance leases included in cash from financing activities
$
26.2

Assets obtained in exchange for lease obligations:
 
     Operating leases
$
14.5

     Finance leases
$
39.9

 
 
Weighted Average Remaining Lease Term (in years)
 
     Operating leases
9.7

     Finance leases
2.8

 
 
Weighted Average Discount Rate
 
     Operating leases
4.4
%
     Finance leases
5.1
%
Maturities of Operating Lease Liabilities
Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows:
Year ending December 31,
Operating leases(1)
 
Finance leases
2019 (excluding the three months ended March 31, 2019)
$
64.8

 
$
64.2

2020
84.6

 
56.2

2021
77.6

 
41.1

2022
70.3

 
27.4

2023
53.4

 
2.2

Thereafter
357.0

 

Total future minimum lease payments
707.7

 
191.1

Less imputed interest
(163.6
)
 
(13.7
)
Less tenant improvement receivables
(28.5
)
 

Total liability
$
515.6

 
$
177.4


(1) Consists of future non-cancelable minimum rental payments under operating leases for the Company’s corporate offices and datacenters where the Company has possession, excluding rent payments from the Company’s sub-tenants and variable operating expenses. As of March 31, 2019, the Company is entitled to non-cancelable rent payments from its sub-tenants of $40.6 million, which will be collected over the next 4 years.
Maturities of Finance Lease Liabilities
Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows:
Year ending December 31,
Operating leases(1)
 
Finance leases
2019 (excluding the three months ended March 31, 2019)
$
64.8

 
$
64.2

2020
84.6

 
56.2

2021
77.6

 
41.1

2022
70.3

 
27.4

2023
53.4

 
2.2

Thereafter
357.0

 

Total future minimum lease payments
707.7

 
191.1

Less imputed interest
(163.6
)
 
(13.7
)
Less tenant improvement receivables
(28.5
)
 

Total liability
$
515.6

 
$
177.4


(1) Consists of future non-cancelable minimum rental payments under operating leases for the Company’s corporate offices and datacenters where the Company has possession, excluding rent payments from the Company’s sub-tenants and variable operating expenses. As of March 31, 2019, the Company is entitled to non-cancelable rent payments from its sub-tenants of $40.6 million, which will be collected over the next 4 years.