Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Assets and Liabilities, Lessee

Our Condensed Consolidated Balance Sheet include the following related to leases:

(in millions)	Classification	March 31, 2019
Assets
Operating right-of-use assets	Other assets	$	112.7
Liabilities
Current lease liabilities	Accrued liabilities	$	20.0
Long-term lease liabilities	Other liabilities	94.6
Total lease liabilities		$	114.6

Lease, Cost

The components of lease cost were as follows:

(in millions)	Three Months Ended March 31, 2019
Operating lease cost	$	7.4
Variable lease cost	$	1.5

Other information related to leases was as follows:

(dollars in millions)	March 31, 2019
Cash paid for amounts included in measurement of operating lease liabilities - operating cash flows	$	6.4
Right-of-use assets obtained in exchange for new operating lease liabilities	$	9.4
Weighted-average remaining lease term - operating leases	10.25
Weighted-average discount rate - operating leases	4.03		%

Schedule of Future Minimum Rental Payments for Operating Leases

Future minimum operating lease payments were as follows:

(in millions)	March 31, 2019
Remainder of 2019	$	17.7
2020	21.3
2021	18.5
2022	15.9
2023	13.7
2024	11.4
Thereafter	53.4
Total future minimum operating lease payments	$	151.9
Imputed interest	37.3
Present value of lease liabilities reported	$	114.6

Lessee, Operating Lease, Disclosure

Future minimum operating lease payments for leases with initial or remaining terms of one year or more consisted of the following as of December 31, 2018 under ASC 840, the predecessor to ASC 842.

(in millions)	December 31, 2018
2019	$	23.4
2020	19.6
2021	17.0
2022	14.2
2023	12.4
Thereafter	60.7
Total minimum lease payments	$	147.3