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Leases (Tables) | 3 Months Ended
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Mar. 31, 2020
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):
|  | March 31, 2020 |  | December 31, 2019
Operating lease liabilities: |  |  |  |
Current portion included in accrued liabilities |  | $ | 25.4 |  |  | $ | 25.2 |
Noncurrent operating lease liabilities |  | 231.3 |  |  | 238.5 |
Total operating lease liabilities |  | 256.7 |  |  | 263.7 |
Finance lease liabilities: |  |  |  |
Current portion included in current maturities of long-term debt |  | 1.1 |  |  | 1.1 |
Long-term portion of lease liabilities in long-term debt |  | 29.2 |  |  | 29.5 |
Total finance lease liabilities 1 |  | 30.3 |  |  | 30.6 |
Total lease liabilities |  | $ | 287.0 |  |  | $ | 294.3 |
Weighted-average remaining lease term: |  |  |  |
Operating leases |  | 13 years |  |  |
Finance leases |  | 13 years |  |  |
Weighted-average discount rate: |  |  |  |
Operating leases |  | 5.05 | % |  |
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 March 31, |  | Three Months Ended March 31,
|  | 2020 |  | 2019
Operating lease cost 1 |  | $ | 11.9 |  |  | $ | 12.0 |
Variable lease cost 2 |  | 0.9 |  |  | 0.8 |
Sublease income |  | (1.1 | ) |  | (1.0 | )
Total lease costs |  | $ | 11.7 |  |  | $ | 11.8 |
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 March 31, 2020, the maturities of our operating lease liabilities were as follows (in millions):
|  | Operating Leases
Remainder of 2020 |  | $ | 37.8 |
Year Ending December 31, |  |
2021 |  | 34.8 |
2022 |  | 32.0 |
2023 |  | 27.1 |
2024 |  | 24.7 |
Thereafter |  | 202.9 |
Total minimum lease payments |  | 359.3 |
Less: |  |
Present value adjustment |  | (102.6 | )
Operating lease liabilities |  | $ | 256.7 |

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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 + Details
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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 + Details
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