Brunswick Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

6 Months Ended

Jun. 29, 2019

Lease Assets and Lease Liabilities [Table Text Block]

A summary of the Company's lease assets and lease liabilities as of June 29, 2019 is as follows:



(in millions)	Classification	June 29, 2019
Lease Assets
Operating lease assets	Operating lease assets	$	80.4

Lease Liabilities
Current operating lease liabilities	Accrued expenses	18.2
Non-current operating lease liabilities	Operating lease liabilities	67.1
Total lease liabilities		$	85.3

Lease Cost [Table Text Block]

A summary of the Company's total lease cost for the three months and six months ended June 29, 2019 is as follows:



(in millions)	Classification	Three Months Ended		Six Months Ended
Operating lease cost	Selling, general, and administrative expense	$	1.5	$	3.1
	Cost of sales	7.7		12.6
Variable lease cost	Selling, general, and administrative expense	0.1		0.3
	Cost of sales	1.0		2.0
Total lease cost ^(A)		$	10.3	$	18.0

(A) Includes total short-term lease cost which is immaterial.

Operating Lease Liability, Maturity Analysis [Table Text Block]

The Company's maturity analysis of its operating lease liabilities as of June 29, 2019 is as follows:



(in millions)
2019	$	11.7
2020	19.9
2021	17.1
2022	15.3
2023	12.9
Thereafter	21.0
Total lease payments	97.9
Less: Interest	(12.6		)
Present value of lease liabilities	$	85.3

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

The following represents the Company's future minimum rental payments at December 31, 2018 for agreements classified as operating leases under ASC 840 with non-cancelable terms in excess of one year:



(in millions)
2019	$	31.4
2020	24.5
2021	21.0
2022	14.7
2023	11.4
Thereafter	20.1
Total (not reduced by minimum sublease income of $0.1)	$	123.1