Brunswick Corporation Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2019

Lease Assets and Lease Liabilities [Table Text Block]

A summary of the Company's lease assets and lease liabilities as of December 31, 2019 is as follows:



(in millions)	Classification	Dec 31, 2019
Lease Assets
Operating lease assets	Operating lease assets	$	83.2

Lease Liabilities
Current operating lease liabilities	Accrued expenses	18.4
Non-current operating lease liabilities	Operating lease liabilities	70.1
Total lease liabilities		$	88.5

Lease, Cost [Table Text Block]

A summary of the Company's total lease cost for the year ended December 31, 2019 is as follows:



(in millions)	Classification	Dec 31, 2019
Operating lease cost	Selling, general, and administrative expense	$	13.9
	Cost of sales	25.6
Variable lease cost	Selling, general, and administrative expense	0.5
	Cost of sales	4.4
Total lease cost ^(A)		$	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, 2019 is as follows:



(in millions)
2020	$	22.5
2021	19.7
2022	17.8
2023	15.1
2024	11.9
Thereafter	14.4
Total lease payments	101.4
Less: Interest	(12.9		)
Present value of lease liabilities	$	88.5

Schedule of Minimum Rental Payments for Operating Leases

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