Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lease Assets and Lease Liabilities [Table Text Block]
A summary of the Company's lease assets and lease liabilities as of December 31, 2020 and December 31, 2019 is as follows:
(in millions) Classification Dec 31, 2020 Dec 31, 2019
Lease Assets
Operating lease assets Operating lease assets $ 83.0  $ 83.2 
Lease Liabilities
Current operating lease liabilities Accrued expenses 19.2  18.4 
Non-current operating lease liabilities Operating lease liabilities 69.8  70.1 
Total lease liabilities $ 89.0  $ 88.5 
Lease, Cost [Table Text Block]
A summary of the Company's total lease cost for the years ended December 31, 2020 and December 31, 2019 is as follows:
(in millions) Classification Dec 31, 2020 Dec 31, 2019
Operating lease cost Selling, general, and administrative expense $ 13.2  $ 13.9 
Cost of sales 24.9  25.6 
Variable lease cost Selling, general, and administrative expense 1.1  0.5 
Cost of sales 4.8  4.4 
Total lease cost (A)
$ 44.0  $ 44.4 

(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 December 31, 2020 is as follows:
(in millions)
2021 $ 24.4 
2022 22.0 
2023 19.0 
2024 15.7 
2025 8.8 
Thereafter 9.9 
Total lease payments 99.8 
Less: Interest (10.8)
Present value of lease liabilities $ 89.0