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

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 30, 2019

Lease Assets and Lease Liabilities [Table Text Block]

A summary of the Company's lease assets and lease liabilities as of March 30, 2019 is as follows:



(in millions)	Classification	March 30, 2019
Lease Assets
Operating lease assets	Operating lease assets	$	99.2

Lease Liabilities
Current operating lease liabilities	Accrued expenses	23.2
Non-current operating lease liabilities	Operating lease liabilities	83.8
Total lease liabilities		$	107.0

Lease Cost [Table Text Block]

A summary of the Company's total lease cost for the three months ended March 30, 2019 is as follows:



(in millions)	Classification	March 30, 2019
Operating lease cost	Selling, general, and administrative expense	$	5.0
	Cost of sales	8.7
Variable lease cost	Selling, general, and administrative expense	1.2
	Cost of sales	2.0
Total lease cost ^(A)		$	16.9

(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 March 30, 2019 is as follows:



(in millions)
2019	$	21.9
2020	24.7
2021	20.6
2022	17.6
2023	14.8
Thereafter	23.0
Total lease payments	$	122.6
Less: Interest	(15.6		)
Present value of lease liabilities	$	107.0

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	$	40.3
2020	32.3
2021	26.5
2022	17.7
2023	13.7
Thereafter	22.9
Total (not reduced by minimum sublease income of $0.1)	$	153.4