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Leases (Tables)
 3 Months Ended
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
%