LEASES (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Assets And Liabilities, Leases

The net present value of finance and operating lease assets and liabilities were as follows:

(in millions, except percentages)	Location in the Consolidated Balance Sheets	September 30, 2019
Assets
Current assets
Finance leases	Property, plant, and equipment, net	$	1.5
Operating leases	Operating lease right-of-use assets, net	156.7
Total right-of-use assets		$	158.2
Liabilities
Current liabilities
Finance leases	Notes payable and current portion of long-term debt	$	0.2
Operating leases	Accrued liabilities	41.6
Noncurrent liabilities
Finance leases	Long-term debt	1.3
Operating leases	Operating lease liability	118.5
Total lease liabilities		$	161.6
Supplemental information:
Weighted-average discount rate
Finance leases		3.6		%
Operating leases		2.9		%
Weighted-average remaining lease term in years
Finance leases		7.2
Operating leases		5.5

Lease costs

The lease cost recognized in the Consolidated Statements of Operations for the three and nine months ended September 30, 2019 were as follows:

(in millions)	Three Months Ended		Nine Months Ended
Finance lease cost
Amortization of right-of-use assets	$	0.1	$	0.2
Operating lease cost	13.8		39.5
Short-term lease cost	0.3		0.7
Variable lease cost	2.2		6.1
Total lease cost	$	16.4	$	46.5

Finance Lease Maturity Schedule

The contractual maturity dates of the remaining lease liabilities at September 30, 2019 were as follows:

(in millions)	Finance Leases		Operating Leases		Total
2019, excluding the nine months ended September 30, 2019	$	0.1	$	12.0	$	12.1
2020	0.3		43.3		43.6
2021	0.3		33.0		33.3
2022	0.2		24.3		24.5
2023	0.2		18.6		18.8
2024 and beyond	0.7		44.1		44.8
Total lease payments	$	1.8	$	175.3	$	177.1
Less imputed interest	0.3		15.2		15.5
Present value of lease liabilities	$	1.5	$	160.1	$	161.6

Operating Lease Maturity Schedule

The contractual maturity dates of the remaining lease liabilities at September 30, 2019 were as follows:

(in millions)	Finance Leases		Operating Leases		Total
2019, excluding the nine months ended September 30, 2019	$	0.1	$	12.0	$	12.1
2020	0.3		43.3		43.6
2021	0.3		33.0		33.3
2022	0.2		24.3		24.5
2023	0.2		18.6		18.8
2024 and beyond	0.7		44.1		44.8
Total lease payments	$	1.8	$	175.3	$	177.1
Less imputed interest	0.3		15.2		15.5
Present value of lease liabilities	$	1.5	$	160.1	$	161.6

Supplemental Cash Flow Information

The supplemental cash flow information for the three and nine months ended September 30, 2019 were as follows:

(in millions)	Three Months Ended		Nine Months Ended
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14.3	$	39.5
Financing cash flows from finance leases	—		0.2
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	17.0	$	22.8

Financing payments under Topic 840

The contractual maturity dates presented under prior lease accounting guidance of the remaining rental commitments at December 31, 2018 were as follows:

(in millions)	Finance Leases		Operating Leases		Total
2019	$	4.2	$	36.6	$	40.8
2020	4.2		28.5		32.7
2021	2.5		22.1		24.6
2022	1.8		16.4		18.2
2023	1.3		12.7		14.0
2024 and beyond	1.1		16.9		18.0
Total lease payments	$	15.1	$	133.2	$	148.3

Operating leases under Topic 840

The contractual maturity dates presented under prior lease accounting guidance of the remaining rental commitments at December 31, 2018 were as follows:

(in millions)	Finance Leases		Operating Leases		Total
2019	$	4.2	$	36.6	$	40.8
2020	4.2		28.5		32.7
2021	2.5		22.1		24.6
2022	1.8		16.4		18.2
2023	1.3		12.7		14.0
2024 and beyond	1.1		16.9		18.0
Total lease payments	$	15.1	$	133.2	$	148.3