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Leases (Tables) | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Schedule of Condensed Consolidated Balance Sheet Information, Leases | Supplemental consolidated balance sheet information for leases at December 31, 2019, is as follows (in millions):
| Classification |  |
Assets |  |  |
Operating leases | Operating lease assets, net |  | $ | 615.2 |
Finance leases | Property, plant and equipment, net (1) |  | 15.2 |
Total lease assets |  |  | $ | 630.4 |
Liabilities |  |  |
Current |  |  |
Operating leases | Other accrued liabilities |  | $ | 132.4 |
Finance leases | Short-term debt and current portion of long-term debt |  | 3.4 |
Noncurrent |  |  |
Operating leases | Long-term operating lease liabilities |  | 541.4 |
Finance leases | Long-term debt |  | 9.5 |
Total lease liabilities |  |  | $ | 686.7 |
(1) Net of accumulated depreciation of $8.4 million.
Schedule of Lease Costs, Terms, Discount Rates and Cash Flow Information | Components of lease expense for the year ended December 31, 2019, is as follows (in millions):
Operating lease cost: |  |
Operating lease cost (1) |  | $ | 207.1 |
Variable lease costs (2) |  | 25.5 |
Finance lease cost |  |
Amortization of leased assets |  | 4.6 |
Interest on lease liabilities |  | 0.5 |
(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.
Remaining lease term and discount rates at December 31, 2019, are as follows:
Weighted-average remaining lease term (years): |
Operating leases | 7 |
Finance leases | 3 |
Weighted-average discount rate: |
Operating leases | 4.3 | %
Finance leases | 3.5 | %
Supplemental cash flow information related to leases for the year ended December 31, 2019, is as follows (in millions):
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 201.3 |
Operating cash flows from finance leases | 0.6 |
Financing cash flows from finance leases | 3.6 |
Right of use assets obtained in exchange for lease liabilities: |
Operating leases | 130.0 |
Finance leases | 6.7 |
Schedule of Maturities for Operating Lease Liabilities | Maturities of lease liabilities for continuing operations under the new lease standard (see Footnote 1) at December 31, 2019, are as follows (in millions):
| Operating Leases |  | Finance Leases
2020 | $ | 168.3 |  |  | $ | 4.3 |
2021 | 138.9 |  |  | 4.2 |
2022 | 115.0 |  |  | 3.3 |
2023 | 87.0 |  |  | 1.5 |
2024 | 71.0 |  |  | 0.2 |
Thereafter | 214.8 |  |  | 0.2 |
Total lease payments | 795.0 |  |  | 13.7 |
Less: imputed interest | (121.2 | ) |  | (0.8 | )
Present value of lease liabilities | $ | 673.8 |  |  | $ | 12.9 |
Schedule of Maturities for Finance Lease Liabilities | Maturities of lease liabilities for continuing operations under the new lease standard (see Footnote 1) at December 31, 2019, are as follows (in millions):
| Operating Leases |  | Finance Leases
2020 | $ | 168.3 |  |  | $ | 4.3 |
2021 | 138.9 |  |  | 4.2 |
2022 | 115.0 |  |  | 3.3 |
2023 | 87.0 |  |  | 1.5 |
2024 | 71.0 |  |  | 0.2 |
Thereafter | 214.8 |  |  | 0.2 |
Total lease payments | 795.0 |  |  | 13.7 |
Less: imputed interest | (121.2 | ) |  | (0.8 | )
Present value of lease liabilities | $ | 673.8 |  |  | $ | 12.9 |
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 Company are as follows (in millions):
2019 | $ | 180.0 |
2020 | 144.0 |
2021 | 117.8 |
2022 | 97.7 |
2023 | 74.0 |
Thereafter | 263.9 |
| $ | 877.4 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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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 undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + 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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