XML 89 R32.htm IDEA: XBRL DOCUMENT v3.19.3
Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Lease cost and other information
Weighted average remaining lease term and discount rate were as follows:
 
Weighted Average Remaining Lease Term
(in years)
 
Weighted Average Discount Rate
Operating leases
11.7
 
3.21
%

The components of lease expense were as follows:
 
Three Months Ended
 
Nine Months Ended
(DOLLARS IN THOUSANDS)
September 30, 2019
 
September 30, 2019
Operating lease cost
$
12,422

 
$
38,228

Supplemental cash flow information related to leases was as follows:
 
Nine Months Ended
(DOLLARS IN THOUSANDS)
September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$
36,932


Supplemental balance sheet information and leases by region
Supplemental balance sheet information related to leases was as follows:
(DOLLARS IN THOUSANDS)
September 30, 2019
Operating Leases
 
Operating lease right-of-use assets(1)
$
299,790

 
 
Other current liabilities(2)
37,029

Operating lease liabilities(3)
267,704

Total operating lease liabilities
$
304,733


_______________________ 
(1)
Presented in Other assets in the Consolidated Balance Sheet.
(2)
Presented in Other current liabilities in the Consolidated Balance Sheet.
(3)
Presented in Other liabilities in the Consolidated Balance Sheet.
Right-of-use assets by region were as follows:
(DOLLARS IN THOUSANDS)
September 30, 2019
North America
$
148,188

Europe, Africa and Middle East
116,579

Greater Asia
21,439

Latin America
13,584

Consolidated
$
299,790


Maturities of lease liabilities
Maturities of lease liabilities were as follows:
(DOLLARS IN THOUSANDS)
September 30, 2019
Less than 1 Year
$
23,523

1-3 Years
86,017

3-5 Years
67,132

After 5 years
209,048

Less: Imputed Interest
(80,987
)
Total
$
304,733


Maturities of lease liabilities, prior to adoption
Maturities of lease liabilities, as calculated prior to the adoption of ASU 2016-02, were as follows:
(DOLLARS IN THOUSANDS)
December 31, 2018
Less than 1 Year
$
49,350

1-3 Years
78,600

3-5 Years
60,672

After 5 years
201,079

Total
$
389,701