XML 104 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Components of Operating and Finance Leased Assets
The components of leased assets and liabilities and classification on the Consolidated Balance Sheet as of December 31, 2019 were as follows:
(millions)
Classification
2019
Assets
 
 
Operating
Right-of-use assets
$
431.7

Finance
Leasehold improvements, equipment and construction in progress, net
18.6

Total leased assets
 
$
450.3

Liabilities
 
 
Current
 
 
Operating
Short-term lease liabilities
$
115.2

Finance
Current portion of long-term obligations under credit facility and other long-term borrowings
3.1

Noncurrent
 
 
Operating
Long-term lease liabilities
327.7

Finance
Other long-term borrowings
15.6

Total lease liabilities
 
$
461.6


Schedule of Components of Lease Cost
The components of lease cost and classification on the Consolidated Statement of Income for the year ended December 31, 2019 were as follows:
(millions)
Classification
 
2019
Operating lease (a)
Cost of services - lease type contracts
 
$
150.9

Short-term lease (a)
Cost of services - lease type contracts
 
33.1

Variable lease
Cost of services - lease type contracts
 
58.1

Operating lease cost
 
 
242.1

Finance lease cost
 
 
 
Amortization of leased assets
Depreciation and amortization
 
2.3

Interest on lease liabilities
Interest expense
 
0.9

Net lease cost
 
 
$
245.3


(a) Includes $6.0 million operating lease costs related to leases for office space, classified in General and administrative expenses
Schedule of Finance Lease Liabilities
Maturities, lease term, and discount rate information of lease liabilities as of December 31, 2019 were as follows:
(millions)
Operating 
Leases
Finance
Leases
Total
2020
$
133.7

$
4.0

$
137.7

2021
104.0

4.0

108.0

2022
83.7

3.5

87.2

2023
56.8

2.5

59.3

2024
38.1

1.4

39.5

2025 and thereafter
96.9

6.0

102.9

Total lease payments
513.2

21.4

534.6

Less: Imputed interest
70.3

2.7

73.0

Present value of lease liabilities
$
442.9

$
18.7

$
461.6

Weighted-average remaining lease term (years)
5.6

6.9

 
Weighted-average discount rate
4.9
%
4.9
%
 

Schedule of Operating Lease Liabilities
Maturities, lease term, and discount rate information of lease liabilities as of December 31, 2019 were as follows:
(millions)
Operating 
Leases
Finance
Leases
Total
2020
$
133.7

$
4.0

$
137.7

2021
104.0

4.0

108.0

2022
83.7

3.5

87.2

2023
56.8

2.5

59.3

2024
38.1

1.4

39.5

2025 and thereafter
96.9

6.0

102.9

Total lease payments
513.2

21.4

534.6

Less: Imputed interest
70.3

2.7

73.0

Present value of lease liabilities
$
442.9

$
18.7

$
461.6

Weighted-average remaining lease term (years)
5.6

6.9

 
Weighted-average discount rate
4.9
%
4.9
%
 

Schedule of Lease Term and Discount Rates

Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows:
(millions)
2019
Cash paid for amounts included in the measurement of lease liabilities
 
Operating cash outflows related to operating leases
$
179.0

Operating cash outflows related to finance leases
0.9

Financing cash outflows related to finance leases
2.3

Leased assets obtained in exchange for new operating liabilities
68.6

Leased assets obtained in exchange for new finance lease liabilities
6.8