Annual report pursuant to Section 13 and 15(d)

Leases - Summary of Lease Cost Recognized Over the Lease Term (Detail)

v3.20.4
Leases - Summary of Lease Cost Recognized Over the Lease Term (Detail) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Leases [Abstract]    
Operating lease cost [1],[2] $ 63.8 $ 65.7
Finance lease cost    
Amortization of right-of-use assets 0.4 0.4
Interest on lease liabilities
Net lease cost $ 64.2 $ 66.1
[1] Amount includes $60.2 million and $62.3 million recorded to selling, general, and administrative expenses within the Company’s consolidated statements of income for the years ended December 31, 2020 and 2019, respectively, and $3.6 million and $3.4 million capitalized as part of the cost of another asset, which includes inventories, for the years ended December 31, 2020 and 2019, respectively. During the year ended December 31, 2018, the Company recognized rental expense of $61.1 million in selling, general, and administrative expenses within the Company’s consolidated statement of income pursuant to FASB ASC Topic 840, Leases.
[2] Includes short-term leases and variable lease costs, which were $11.0 million and $1.2 million, respectively, for the year ended December 31, 2020 and $11.2 million and $2.2 million, respectively, for the year ended December 31, 2019. Variable lease costs, which include items such as real estate taxes, common area maintenance, and changes based on an index or rate, are not included in the calculation of the right-of-use assets and are recognized as incurred.