Leases (Tables)

3 Months Ended

Mar. 31, 2019

Schedule Of Components Of Operating And Finance Leased Asset

The components of leased assets and liabilities and classification on the Condensed Consolidated Balance Sheet as of March 31, 2019 were as follows:



(millions) (unaudited)	Classification	March 31, 2019
Assets
Operating	Right-of-use assets	$	481.0
Finance	Leasehold improvements, equipment and construction in progress, net ^(a)	14.1
Total leased assets		$	495.1
Liabilities
Current
Operating	Short-term lease liability	$	123.0
Finance	Current portion of long-term obligations under credit facility and other long-term borrowings	1.7
Noncurrent
Operating	Long-term lease liability	369.7
Finance	Other long-term borrowings	12.5
Total lease liabilities		$	506.9

^(a) Finance lease assets are recorded net of accumulated amortization of $0.9 million as of March 31, 2019

Components of Lease Cost

The components of lease cost and classification on the Condensed Consolidated Statement of Income for the three months ended March 31, 2019 were as follows:



		Three Months Ended
(millions) (unaudited)	Classification	March 31, 2019
Operating lease cost ^(a)	Cost of services - lease type contracts	$	57.0
Operating lease cost ^{(a) (b)}	General and administrative expenses	1.3
Finance lease cost
Amortization of leased assets	Depreciation and amortization	0.5
Interest on lease liabilities	Interest expense	0.2
Net lease cost		$	59.0

^(a) Includes short-term leases, which are immaterial

^(b) Operating lease cost included in General and administrative expenses are related to leases for office space

Schedule of Finance Lease Liabilities

Maturities of lease liabilities as of March 31, 2019 were as follows:



(millions) (unaudited)	Operating Leases Liabilities		Finance Leases Liabilities		Total
2019	$	111.1	$	1.8	$	112.9
2020	125.3		2.4		127.7
2021	95.1		2.4		97.5
2022	74.7		2.2		76.9
2023	49.4		1.9		51.3
After 2024	116.6		7.0		123.6
Total lease payments	572.2		17.7		589.9
Less: Imputed interest	79.5		3.5		83.0
Present value of lease liabilities	$	492.7	$	14.2	$	506.9

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities as of March 31, 2019 were as follows:



(millions) (unaudited)	Operating Leases Liabilities		Finance Leases Liabilities		Total
2019	$	111.1	$	1.8	$	112.9
2020	125.3		2.4		127.7
2021	95.1		2.4		97.5
2022	74.7		2.2		76.9
2023	49.4		1.9		51.3
After 2024	116.6		7.0		123.6
Total lease payments	572.2		17.7		589.9
Less: Imputed interest	79.5		3.5		83.0
Present value of lease liabilities	$	492.7	$	14.2	$	506.9

Schedule of Lease Term and Discount Rates

Lease term and discount rate information was as follows:



(unaudited)	March 31, 2019
Weighted-average remaining lease term (years)
Operating leases	5.7
Finance leases	8.9
Weighted-average discount rate
Operating leases	4.8	%
Finance leases	5.0	%

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information related to leases was as follows:



	Three Months Ended
(millions) (unaudited)	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	47.7
Operating cash flows from finance leases	0.2
Financing cash flows from finance leases	0.5
Leased assets obtained in exchange for new operating liabilities	20.5
Leased assets obtained in exchange for new finance lease liabilities	0.4