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v3.19.3.a.u2

Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Leases | 7. Leases As discussed in Note 2, we adopted ASU 2016-02 as of January 1, 2019. We have operating and finance leases for buildings and certain machinery and equipment. Operating leases are included in operating lease assets, other current liabilities, and operating lease liabilities in our consolidated balance sheets. Amounts recognized for finance leases as of and for the year ended December 31, 2019 were immaterial. Operating lease expense recognized in the consolidated statement of comprehensive income for the year ended December 31, 2019 was $51.0 million, including approximately $8.2 million of short-term and variable lease costs for the year ended December 31, 2019. Other information related to leases was as follows:
(In millions, except lease term and discount rate) |  | December 31, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 41.3 |
Right-of-use assets obtained in exchange for operating lease obligations |  | $ | 24.5 |
Weighted average remaining lease term - operating leases |  | 7.1 years |
Weighted average discount rate - operating leases |  |  | 4.2 | %
Total lease payments under non-cancellable operating leases as of December 31, 2019 were as follows:
(In millions) |  |  |  |
Year Ending December 31, |  |  |  |
2020 |  | $ | 39.1 |
2021 |  |  | 33.4 |
2022 |  |  | 26.8 |
2023 |  |  | 22.6 |
2024 |  |  | 18.9 |
Thereafter |  |  | 61.4 |
Total lease payments |  |  | 202.2 |
Less imputed interest |  |  | (29.3 | )
Total |  | $ | 172.9 |
Reported as of December 31, 2019 |  |  |  |
Other current liabilities |  | $ | 33.1 |
Operating lease liabilities |  |  | 139.8 |
Total |  | $ | 172.9 |

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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