Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.19.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The effect of the adoption on key financial statement line items for the nine months ended September 30, 2019 is as follows:
 
 
September 30, 2019
 
Change
Balance Sheet
 
Prior to ASU 2016-02 adoption
 
As reported under ASU 2016-02
 
$
 
%
 
 
(In millions)
 
 
Prepaid expenses
 
$
94.5

 
$
92.7

 
$
(1.8
)
 
(2
)%
Other assets, net
 
$
194.6

 
$
299.1

 
$
104.5

 
54
 %
Total assets
 
$
7,328.0

 
$
7,430.7

 
$
102.7

 
1
 %
Other current liabilities
 
$
566.9

 
$
587.5

 
$
20.6

 
4
 %
Other long-term liabilities
 
$
82.1

 
$
164.2

 
$
82.1

 
100
 %
Total liabilities
 
$
4,768.9

 
$
4,871.6

 
$
102.7

 
2
 %

Schedule of Other Information Related to Operating Leases
Other information related to our operating leases was as follows:
Nine Months Ended September 30, 2019
 
Amount
(in millions, except lease term and discount rate)
 
 
Supplemental Cash Flows Information
 
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows used by operating leases
 
$
14.7

Right-of-use assets obtained in exchange for lease obligations (non-cash):
 
 
Operating leases
 
$
2.7

 
 
 
Weighted Average Remaining Lease Term
 
6.1 years

Weighted Average Discount Rate
 
4.4
%


Lessee, Operating Lease, Liability, Maturity
Estimated future minimum payment obligations for non-cancelable operating leases are as follows as of September 30, 2019:
Years ending December 31,
 
Amount
 
 
(In millions)
2019
 
$
8.1

2020
 
29.1

2021
 
24.0

2022
 
21.2

2023
 
18.5

Thereafter
 
37.2

 
 
$
138.1