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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Information on Leases

 

Information on our leases is as follows ($ in millions):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2019

 

 

June 30, 2019

 

Lease cost

 

$

18.4

 

 

$

37.0

 

Cash paid for leases recognized in operating cash flows

 

$

18.4

 

 

$

37.2

 

Right-of-use assets obtained in exchange for new lease liabilities

 

$

10.6

 

 

$

16.4

 

 

 

 

 

As of

 

 

 

June 30, 2019

 

Right-of-use assets recognized in Other assets

 

$

257.6

 

Lease liabilities recognized in Other current liabilities

 

$

62.5

 

Lease liabilities recognized in Other long-term liabilities

 

$

205.4

 

Weighted-average remaining lease term

 

6.2 years

 

Weighted-average discount rate

 

 

2.7

%

Schedule of Future Minimum Lease Payments

Our future minimum lease payments as of June 30, 2019 were (in millions):

 

For the Years Ending December 31,

 

 

 

 

2019 (July 1, 2019 to December 31, 2019)

 

$

35.4

 

2020

 

 

61.8

 

2021

 

 

48.3

 

2022

 

 

34.1

 

2023

 

 

28.7

 

Thereafter

 

 

84.8

 

Total

 

 

293.1

 

Less imputed interest

 

 

25.2

 

Total

 

$

267.9

 

Schedule of Future Minimum Rental Commitments Under Non-Cancelable Operating Leases Accordingly, the following were the future minimum rental commitments under non-cancelable operating leases as of December 31, 2018 (in millions):

For the Years Ending December 31,

 

 

 

 

2019

 

$

67.1

 

2020

 

 

56.9

 

2021

 

 

44.1

 

2022

 

 

32.2

 

2023

 

 

27.7

 

Thereafter

 

 

81.6