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Leases (Tables) | 6 Months Ended
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Jun. 30, 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 |  | June 30, 2019
Assets |  |  |
Operating leases | Operating lease assets, net |  | $ | 646.0 |
Finance leases | Property, plant and equipment, net (1) |  | 17.6 |
Total lease assets |  |  | $ | 663.6 |
Liabilities |  |  |
Current |  |  |
Operating leases | Other accrued liabilities |  | $ | 128.3 |
Finance leases | Short-term debt and current portion of long-term debt |  | 3.5 |
Noncurrent |  |  |
Operating leases | Long-term operating lease liabilities |  | 572.7 |
Finance leases | Long-term debt |  | 11.4 |
Total lease liabilities |  |  | $ | 715.9 |
(1) Net of accumulated depreciation of
Schedule of Consolidated Statement Of Operation Related To Leases | Supplemental cash flow information related to leases for the period indicated is as follows (in millions):
| Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 94.1 |
Operating cash flows from finance leases | 0.3 |
Financing cash flows from finance leases | 1.7 |
Right of use assets obtained in exchange for lease liabilities: |
Operating leases | 100.6 |
Finance leases | 6.7 |
Remaining lease term and discount rates as of the date indicated, are as follows:
| June 30, 2019
Weighted-average remaining lease term (years): |  |  |
Operating leases | 7
Finance leases | 4
Weighted-average discount rate: |  |  |
Operating leases | 4.3%
Finance leases | 3.4%
Components of lease expense as of the date indicated, are as follows (in millions):
| Three Months Ended June 30, 2019 |  | Six Months Ended June 30, 2019
Operating lease cost: |  |  |
Operating lease cost (1) | $ | 49.4 |  |  | $ | 97.6 |
Variable lease costs (2) | 6.0 |  |  | 12.0 |
Finance lease cost: |  |  |
Amortization of leased assets | 1.2 |  |  | 2.3 |
Interest on lease liabilities | 0.1 |  |  | 0.3 |
(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 Future Minimum Rental Payments For Operating Leases | Maturities of lease liabilities for continuing operations under the new lease standard (see Footnote 1) as of June 30, 2019, are as follows (in millions):
| Operating Leases |  | Finance Leases
2019 (Excludes six months ended June 30, 2019) | $ | 80.3 |  |  | $ | 2.2 |
2020 | 150.9 |  |  | 4.3 |
2021 | 124.5 |  |  | 4.2 |
2022 | 104.9 |  |  | 3.3 |
2023 | 84.3 |  |  | 1.5 |
Thereafter | 283.7 |  |  | 0.4 |
Total lease payments | 828.6 |  |  | 15.9 |
Less: imputed interest | (127.6 | ) |  | (1.0 | )
Present value of lease liabilities | $ | 701.0 |  |  | $ | 14.9 |
See Footnote 2 for information on lease liabilities included in discontinued operations and held for sale. 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 (in millions):
| 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 lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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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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