Table:
|  |  |  | As of December 31, |  |  |
| --- | --- | --- | --- | --- | --- |
|  | 2019 | 2018 | 2017 | 2016 | 2015 |
| (In millions) |  |  |  |  |  |
| Balance Sheet Data: |  |  |  |  |  |
| Cash and cash equivalents (including restricted cash) (2) | $1,578.0 | $1,304.9 | $954.9 | $936.5 | $462.9 |
| Property and equipment, net | 12,084.4 | 11,247.1 | 11,101.0 | 10,517.3 | 9,866.4 |
| Total assets (3) | 42,801.6 | 33,010.4 | 33,214.3 | 30,879.2 | 26,904.3 |
| Long-term obligations, including current portion | 24,055.4 | 21,159.9 | 20,205.1 | 18,533.5 | 17,119.0 |
| Redeemable noncontrolling interests | 1,096.5 | 1,004.8 | 1,126.2 | 1,091.3 | — |
| Total American Tower Corporation equity | 5,055.4 | 5,336.1 | 6,241.5 | 6,763.9 | 6,651.7 |
Paragraphs:
ITEM 6. SELECTED FINANCIAL DATA
The selected financial data should be read in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements and the related notes to those consolidated financial statements included in this Annual Report.
Year-over-year comparisons are significantly affected by our acquisitions, dispositions and construction of towers. Our transaction with Verizon Communications Inc. (“Verizon” and the transaction, the “Verizon Transaction”) and the acquisition of a controlling ownership interest in Viom Networks Limited (“Viom” and the acquisition, the “Viom Acquisition”), which closed in March 2015 and April 2016, respectively, significantly impact the comparability of reported results between periods. Our principal 2019 acquisitions are described in note 7 to our consolidated financial statements included in this Annual Report.
(2) As of December 31, 2019, 2018, 2017, 2016 and 2015, amounts include $76.8 million, $96.2 million, $152.8 million, $149.3 million, and $142.2 million, respectively, of restricted funds pledged as collateral to secure obligations and cash, the use of which is otherwise limited by contractual provisions.
(3) Total assets as of December 31, 2019 includes the Right-of-use asset recognized in connection with our adoption of the new lease accounting standard described in note 1 to our consolidated financial statements included in this Annual Report
Question:
Why was Right-of-use asset included in total assets?
Answer: adoption of the new lease accounting standard described in note 1 to our consolidated financial statements included in this Annual Report