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

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

9 Months Ended

Sep. 28, 2019

Lease Assets and Lease Liabilities [Table Text Block]

A summary of the Company's lease assets and lease liabilities as of September 28, 2019 is as follows:



(in millions)	Classification	Sep 28, 2019
Lease Assets
Operating lease assets	Operating lease assets	$	82.4

Lease Liabilities
Current operating lease liabilities	Accrued expenses	17.9
Non-current operating lease liabilities	Operating lease liabilities	69.7
Total lease liabilities		$	87.6

Lease Cost [Table Text Block]

A summary of the Company's total lease cost for the three months and nine months ended September 28, 2019 is as follows:



(in millions)	Classification	Three Months Ended		Nine Months Ended
Operating lease cost	Selling, general, and administrative expense	$	3.5	$	10.2
	Cost of sales	9.2		19.0
Variable lease cost	Selling, general, and administrative expense	0.1		0.4
	Cost of sales	1.2		3.2
Total lease cost ^(A)		$	14.0	$	32.8

(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 September 28, 2019 is as follows:



(in millions)
2019	$	5.9
2020	21.3
2021	18.5
2022	16.8
2023	14.3
Thereafter	23.8
Total lease payments	100.6
Less: Interest	(13.0		)
Present value of lease liabilities	$	87.6

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