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Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Components of Lease Expense and Other Information

The components of lease expense were as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating lease expense

 

$

35.1

 

 

$

37.4

 

 

$

105.5

 

 

$

109.0

 

Short-term lease expense

 

 

1.4

 

 

 

1.8

 

 

 

4.5

 

 

 

9.0

 

Other lease expense(1)

 

$

4.6

 

 

$

3.9

 

 

$

13.6

 

 

$

12.4

 

Total lease expense

 

$

41.1

 

 

$

43.1

 

 

$

123.6

 

 

$

130.4

 

 

(1)
Other lease expense includes variable lease expense and sublease income.

Other information related to leases was as follows:

 

 

 

Nine Months Ended September 30,

 

Supplemental Cash Flow Information

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

104.7

 

 

$

107.9

 

Operating ROU assets obtained in exchange for lease obligations

 

 

35.9

 

 

 

56.1

 

 

 

 

September 30,

 

 

 

2021

 

 

2020

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

Operating leases

 

5.0 years

 

 

5.4 years

 

Weighted Average Discount Rate

 

 

 

 

 

 

Operating leases

 

 

2.8

%

 

 

2.9

%

Supplemental Balance Sheet Information

 

 

 

September 30,

 

 

December 31,

 

Supplemental Balance Sheet Information

 

2021

 

 

2020

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease ROU assets

 

$

360.4

 

 

$

400.7

 

 

 

 

 

 

 

 

Operating lease liabilities - current(1)

 

$

108.0

 

 

$

119.3

 

Operating lease liabilities - long-term

 

 

268.5

 

 

 

305.1

 

Total operating lease liabilities

 

$

376.5

 

 

$

424.4

 

 

(1) Operating lease liabilities - current are included in accrued expenses on our Consolidated Balance Sheets.

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of September 30, 2021 were as follows:

 

(In millions)

 

 

 

Period Ending September 30, 2021

 

Operating Leases

 

Remainder of 2021

 

$

32.5

 

 2022

 

 

109.2

 

 2023

 

 

84.6

 

 2024

 

 

58.7

 

 2025

 

 

37.8

 

 2026

 

 

28.6

 

Thereafter

 

 

56.5

 

Total future undiscounted lease payments

 

$

407.9

 

Less imputed interest

 

$

(31.4

)

Total operating lease liabilities

 

$

376.5