Leases (Tables)

3 Months Ended

Mar. 31, 2019


	March 31, 2019
	(in millions)
Operating Leases (1)
Real Estate	$	24.4
Automobile		3.3
Machinery and equipment		3.5
Total operating lease ROU Asset	$	31.2

Finance Leases (2)
Real Estate	$	14.5
Machinery and equipment		3.7
Less: Accumulated depreciation		(8.1)
Finance Leases, net	$	10.1

(1)Included on the Company’s consolidated balance sheet in other assets (other, net).

(2)Included on the Company’s consolidated balance sheet in property, plant and equipment.


	March 31, 2019
	Operating Leases		Finance Leases
	(in millions)
2019 (excluding the three months ended March 31, 2019)	$	10.7	$	1.7
2020		8.7		1.6
2021		4.6		0.5
2022		3.0		0.3
2023		2.3		—
Thereafter		4.4		—
Total undiscounted minimum lease payments	$	33.7	$	4.1
Less imputed interest		2.2		0.3
Total lease liabilities	$	31.5	$	3.8
Included in the consolidated balance sheet
Current lease liabilities (included in other current liabilities)		10.0		1.7
Non-Current lease liabilities (included in other non-current liabilities)		21.5		2.1
Total lease liabilities	$	31.5	$	3.8

The total lease cost was comprised of the following amounts:


	March 31, 2019
	(in millions)
Operating lease cost	$	2.9
Amortization of finance lease right-out-use assets:		0.3
Variable lease cost		0.8
Total lease cost	$	4.0

The following information represents supplemental disclosure for the statement of cash flows related to operating and finance leases:


	March 31, 2019
	(in millions)
Operating cash flows from operating leases	$	3.0
Financing cash flows from finance leases		0.4
Total cash paid for amounts included in the measurement of lease liabilities		3.4
Operating lease liabilities arising from obtaining right-of-use assets		0.3


	March 31, 2019
Weighted-average remaining lease term - finance leases		2.8	years
Weighted-average remaining lease term - operating leases		4.6	years
Weighted-average discount rate - finance leases		3.8	%
Weighted-average discount rate - operating leases		3.1	%