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Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Schedule of Lease-Related Liabilities Recorded on the Balance Sheet

The table below presents the lease-related liabilities recorded on the balance sheet (in millions):

		September 30, 2019				December 31, 2018
Operating lease liabilities:
Current portion included in accrued liabilities		$	25.8			$	—
Noncurrent operating lease liabilities		235.2				—
Total operating lease liabilities		261.0				—
Financing lease liabilities:
Current portion included in current maturities of long-term debt		1.0				2.0
Long-term portion of lease liabilities in long-term debt		29.3				28.8
Total financing lease liabilities 1		30.3				30.8
Total lease liabilities		$	291.3			$	30.8
Weighted-average remaining lease term:
Operating leases		13 years
Finance leases		13 years
Weighted-average discount rate:
Operating leases		5.08		%
Finance leases		5.81		%

¹ Corresponding finance lease assets are not material and are included in property and equipment, net of accumulated depreciation.

Schedule of Lease Costs

The components of lease costs, which were included in selling, general and administrative in our Consolidated Statements of Operations, were as follows (in millions):

		Three Months Ended September 30,				Nine Months Ended September 30,
		2019				2019
Operating lease cost 1		$	12.2			$	36.5
Variable lease cost 2		0.1				1.3
Sublease income		(1.2		)		$	(3.4	)
Total lease costs		$	11.1			34.4

¹ Includes short-term and month-to-month lease costs, which are immaterial.

² Variable lease cost generally includes reimbursement for actual costs incurred by our lessors for common area maintenance, property taxes and insurance on leased real estate.

Schedule of Maturities of Operating Lease Liabilities

As of September 30, 2019, the maturities of our operating lease liabilities were as follows (in millions):

		Operating Leases
Remainder of 2019		$	9.9
Year Ending December 31,
2020		37.6
2021		34.4
2022		31.5
2023		26.4
Thereafter		228.2
Total minimum lease payments		368.0
Less:
Present value adjustment		(107.0		)
Operating lease liabilities		$	261.0

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Schedule Of Leases In Statement Of Financial Position [Table Text Block]

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

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