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Leases (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Schedule of Consolidated Balance Sheet Related To Leases | Supplemental condensed consolidated balance sheet information related to leases for the period indicated, is as follows (in millions):
|  | Classification |  |  | March 31, 2019 |
Assets |  |  |  |  |  |  |
Operating leases |  | Operating lease assets, net |  |  | $ | 619.3 |
Finance leases |  | Property, plant and equipment, net (1) |  |  |  | 18.6 |
Total lease assets |  |  |  |  | $ | 637.9 |
Liabilities |  |  |  |  |  |  |
Current |  |  |  |  |  |  |
Operating leases |  | Other accrued liabilities |  |  | $ | 137.8 |
Finance leases |  | Short-term debt and current portion of long-term debt |  |  |  | 3.4 |
Noncurrent |  |  |  |  |  |  |
Operating leases |  | Long-term operating lease liabilities |  |  |  | 547.6 |
Finance leases |  | Long-term debt |  |  |  | 11.9 |
Total lease liabilities |  |  |  |  |  | $ | 700.7 |
(1) | Net of accumulated depreciation of $ 4.6 million.
Schedule of Consolidated Statement Of Operation Related To Leases | Components of lease expense as of the date indicated, are as follows (in millions):
|  | Three Months Ended March 31, 2019 |
Operating lease cost: |  |  |  |
Operating lease cost (1) |  | $ | 48.2 |
Variable lease costs (2) |  |  | 6.0 |
Finance lease cost: |  |  |  |
Amortization of leased assets |  |  | 1.1 |
Interest on lease liabilities |  |  | 0.2 |
(1) | Includes short-term leases, which are immaterial.
(2) | Consists primarily of additional payments for non-lease components, such as maintenance costs, payments of taxes and additional rent based on a level of the Company’s retail store sales.
Schedule Of Remaining Lease Term and Discount Rates | Remaining lease term and discount rates as of as of the date indicated, are as follows:
|  | March 31, 2019 |
Weighted-average remaining lease term (years): |  |  |  |
Operating leases |  |  | 7 |
Finance leases |  |  | 4 |
Weighted-average discount rate: |  |  |  |
Operating leases |  |  | 4.3 | %
Finance leases |  |  | 3.9 | %
Schedule Of Supplemental Cash Flow Related To Leases | Supplemental cash flow information related to leases for the period indicated is as follows:
|  | Three Months Ended March 31, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 39.5 |
Operating cash flows from finance leases |  |  | 0.2 |
Financing cash flows from finance leases |  |  | 0.7 |
Right of use assets obtained in exchange for lease liabilities: |  |  |  |
Operating leases |  |  | 26.5 |
Finance leases |  |  | 6.7 |
Schedule of Maturities of Operating and Finance Leases Liabilities | Maturities of lease liabilities for continuing operations under the new lease standard (see Footnote 1) as of March 31, 2019, are as follows:
|  | Operating Leases |  |  | Finance Leases |
2019 (Excludes three months ended March 31, 2019) |  | $ | 124.7 |  |  | $ | 3.3 |
2020 |  |  | 136.2 |  |  |  | 4.3 |
2021 |  |  | 113.5 |  |  |  | 4.2 |
2022 |  |  | 97.8 |  |  |  | 3.3 |
2023 |  |  | 73.8 |  |  |  | 1.5 |
Thereafter |  |  | 264.6 |  |  |  | 0.4 |
Total lease payments |  |  | 810.6 |  |  |  | 17.0 |
Less: imputed interest |  |  | (125.2 | ) |  |  | (1.7 | )
Present value of lease liabilities |  | $ | 685.4 |  |  | $ | 15.3 |
See Footnote 2 for information on lease liabilities included in discontinued operations and held for sale.
Schedule Of Future Minimum Rental Payments For Operating Leases | Future minimum rental payments for operating leases, prior to the adoption of the new lease standard, with initial or remaining terms in excess of one year at December 31, 2018 for the consolidated Company are as follows:
|  | Operating Leases |
2019 |  | $ | 180.0 |
2020 |  |  | 144.0 |
2021 |  |  | 117.8 |
2022 |  |  | 97.7 |
2023 |  |  | 74.0 |
Thereafter |  |  | 263.9 |
Total lease payments |  | $ | 877.4 |

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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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