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Leases (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Assets and Liabilities, Lessee | Total lease assets and liabilities at March 31, 2019 were as follows (in millions):
Lease Assets |  | Classification |  | As of March 31, 2019
Operating ROU assets |  | Right-of-use lease assets |  | $ | 193.8 |
Finance lease assets |  | Property, plant and equipment, net(1) |  | 15.9 |
Total leased assets |  |  |  | $ | 209.7 |
Lease Liabilities |  | Classification |  | As of March 31, 2019
Current: |  |  |  |
Operating |  | Accrued expenses |  | $ | 45.4 |
Finance |  | Other current liabilities |  | 4.1 |
Noncurrent: |  |  |  |
Operating |  | Operating lease liabilities |  | 150.8 |
Finance |  | Other noncurrent liabilities |  | 10.0 |
Total leased liabilities |  |  |  | $ | 210.3 |
(1) Finance lease assets are recorded net of accumulated depreciation of $16.1 million as of March 31, 2019.
Lease, Cost | The following table summarizes the supplemental cash flow information for the three months March 31, 2019 (in millions):
|  | Three months ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases |  | $ | 14.3 |
Operating cash flows from finance leases |  | 0.1 |
Financing cash flows from finance leases |  | 1.3 |
Leased assets obtained in exchange for lease obligations: |  |
Operating leases |  | $ | 14.0 |
Finance leases |  | 0.2 |
Total lease cost for the three months ended March 31, 2019 is set forth below (in millions):
|  | Classification |  | Three Months Ended March 31, 2019
Operating lease cost |  | Selling, general and administrative expenses |  | $ | 14.3 |
Variable lease cost |  | Selling, general and administrative expenses |  | 0.1 |
Short-term lease cost |  | Selling, general and administrative expenses |  | 2.2 |
Finance lease cost: |  |  |  |
Amortization of leased assets |  | Depreciation expense(1) |  | 1.3 |
Interest on leased liabilities |  | Interest expense, net |  | 0.1 |
Total lease cost |  |  |  | $ | 18.0 |
(1) Depreciation expense was included in both cost of sales and selling, general and administrative expenses.
Lessee, Operating Lease, Liability, Maturity | The aggregate future minimum lease payments under noncancelable operating and finance leases with remaining terms greater than one year as of March 31, 2019 and December 31, 2018 are as follows (in millions):
|  | March 31, 2019 |  | December 31, 2018
|  | Operating Leases(1)(2) |  | Finance Leases |  | Operating Leases(5) |  | Finance Leases(5)
2019 |  | $ | 36.0 |  |  | $ | 3.6 |  |  | $ | 46.7 |  |  | $ | 4.9 |
2020 |  | 41.5 |  |  | 3.4 |  |  | 39.5 |  |  | 3.5 |
2021 |  | 34.2 |  |  | 2.8 |  |  | 32.6 |  |  | 2.8 |
2022 |  | 26.1 |  |  | 0.9 |  |  | 26.0 |  |  | 0.9 |
2023 |  | 20.6 |  |  | 0.7 |  |  | 21.7 |  |  | 0.7 |
Thereafter |  | 80.2 |  |  | 6.1 |  |  | 85.5 |  |  | 6.3 |
Total lease payments |  | 238.6 |  |  | 17.5 |  |  | 252.0 |  |  | 19.1 |
Less: imputed interest(3)(4) |  | (42.4 | ) |  | (3.4 | ) |  | — |  |  | (3.6 | )
Present value of leased liabilities |  | $ | 196.2 |  |  | $ | 14.1 |  |  | $ | 252.0 |  |  | $ | 15.5 |
(1) Operating lease payments include $10.8 million related to options to extend leases that are reasonably certain of being exercised. (2) This amount excludes lease payments for the three months ended March 31, 2019. (3) Calculated using the implicit interest rate for each lease. (4) Imputed interest for operating leases as of December 31, 2018 is not applicable as the Company adopted ASC 842 on January 1, 2019.
Finance Lease, Liability, Maturity | The aggregate future minimum lease payments under noncancelable operating and finance leases with remaining terms greater than one year as of March 31, 2019 and December 31, 2018 are as follows (in millions):
|  | March 31, 2019 |  | December 31, 2018
|  | Operating Leases(1)(2) |  | Finance Leases |  | Operating Leases(5) |  | Finance Leases(5)
2019 |  | $ | 36.0 |  |  | $ | 3.6 |  |  | $ | 46.7 |  |  | $ | 4.9 |
2020 |  | 41.5 |  |  | 3.4 |  |  | 39.5 |  |  | 3.5 |
2021 |  | 34.2 |  |  | 2.8 |  |  | 32.6 |  |  | 2.8 |
2022 |  | 26.1 |  |  | 0.9 |  |  | 26.0 |  |  | 0.9 |
2023 |  | 20.6 |  |  | 0.7 |  |  | 21.7 |  |  | 0.7 |
Thereafter |  | 80.2 |  |  | 6.1 |  |  | 85.5 |  |  | 6.3 |
Total lease payments |  | 238.6 |  |  | 17.5 |  |  | 252.0 |  |  | 19.1 |
Less: imputed interest(3)(4) |  | (42.4 | ) |  | (3.4 | ) |  | — |  |  | (3.6 | )
Present value of leased liabilities |  | $ | 196.2 |  |  | $ | 14.1 |  |  | $ | 252.0 |  |  | $ | 15.5 |
(1) Operating lease payments include $10.8 million related to options to extend leases that are reasonably certain of being exercised. (2) This amount excludes lease payments for the three months ended March 31, 2019. (3) Calculated using the implicit interest rate for each lease. (4) Imputed interest for operating leases as of December 31, 2018 is not applicable as the Company adopted ASC 842 on January 1, 2019.
Lease Terms And Discount Rates | The following table summarizes the weighted-average remaining lease term and weighted-average discount rate:
|  | As of March 31, 2019
Weighted-average remaining lease term: |  |
Operating leases |  | 8.0 years |
Finance leases |  | 2.0 years |
Weighted-average discount rate: |  |
Operating leases |  | 4.1 | %
Finance leases |  | 4.2 | %

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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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- 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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