Leases (Tables)

12 Months Ended

Dec. 31, 2020

The ROU asset and lease liability balances as of December 31, 2020 were as follows:


(in Millions)	Classification	December 31, 2020		December 31, 2019
Assets

Operating lease ROU assets	Other assets including long-term receivables, net	$	147.3	$	164.7

Liabilities

Operating lease current liabilities	Accrued and other liabilities	$	25.6	$	31.5



Operating lease noncurrent liabilities	Other long-term liabilities	151.1		163.2

The components of lease expense for the year ended December 31, 2020 were as follows:


(in Millions)	Lease Cost Classification	2020		2019
Lease Cost
Operating lease cost	Costs of sales and services / Selling, general and administrative expenses	$	39.5	$	41.3




Variable lease cost	Costs of sales and services / Selling, general and administrative expenses	4.7		5.2

Total lease cost		$	44.2	$	46.5


	December 31, 2020
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)	9.6


Weighted-average discount rate	4.2	%


(in Millions)	Year ended December 31, 2020		Year ended December 31, 2019
Other Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(40.8)	$	(42.3)


Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Right-of-use assets obtained in exchange for new operating lease liabilities	$	8.4	$	15.7

The following table represents our future minimum operating lease payments as of, and subsequent to, December 31, 2020 under ASC 842:


(in Millions)	Operating Leases Total
Maturity of Lease Liabilities
2021	$	31.7
2022	27.3
2023	21.5
2024	17.6
2025	16.8
Thereafter	103.5
Total undiscounted lease payments	$	218.4
Less: Present value adjustment	(41.7)
Present value of lease liabilities	$	176.7