Contingencies, Guarantees, Indemnifications and Leases (Tables)

6 Months Ended

Jun. 30, 2019

Contingencies, Guarantees, Indemnifications and Leases

Lease Assets and Liabilities (Table)

	June 30, 2019
	(in millions)
Assets
Operating lease assets (1)	$	195.2
Finance lease assets (1)		32.8
Total lease assets	$	228.0
Liabilities
Operating lease liabilities (2)	$	204.4
Finance lease liabilities (2)		33.0
Total lease liabilities	$	237.4

(1) Operating and finance lease assets are primarily reported within property and equipment on the consolidated statements of financial position.

(2) Operating and finance lease liabilities are reported within other liabilities on the consolidated statements of financial position.

Lease Cost (Table)

	For the three months ended		For the six months ended
	June 30, 2019		June 30, 2019
	(in millions)
Finance lease cost (1):
Amortization of right-of-use assets	$	3.5	$	7.0
Interest on lease liabilities		0.2		0.5
Operating lease cost (1)		14.4		27.8
Other lease cost (1) (2)		1.8		4.6
Sublease income (3)		(0.4)		(0.8)
Total lease cost	$	19.5	$	39.1

(1) Finance, operating and other lease costs are primarily included in operating expenses on the consolidated statements of operations.

(2) Other lease cost primarily reflects variable and short-term lease costs.

(3) Sublease income is included in fees and other revenues on the consolidated statements of operations.

Payments Due by Period for Lease Obligations (Table)

	Operating leases		Finance leases		Total
	(in millions)
For the twelve months ending June 30:
2020	$	52.5	$	14.4	$	66.9
2021		45.4		11.5		56.9
2022		35.3		6.7		42.0
2023		28.0		1.3		29.3
2024		17.7		0.2		17.9
2025 and thereafter		50.8		0.2		51.0
Total lease payments		229.7		34.3		264.0
Less: interest		25.3		1.3		26.6
Present value of lease liabilities	$	204.4	$	33.0	$	237.4

Weighted-Average Remaining Lease Term and Weighted-Average Discount Rates (Table)

	For the six months ended
	June 30, 2019
Weighted-average remaining lease term (in years):
Operating leases	6.9
Finance leases	2.7
Weighted-average discount rate:
Operating leases	4.0	%
Finance leases	2.9	%