Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease ROUs and Lease Liabilities

ease right-of-use assets and lease liabilities consists of the following (in millions):

Right-of-use assets:
Operating lease (Other assets)	$	70.2
Finance lease (Property, plant and equipment, net)	35.1
Total right-of-use assets	$	105.3
Lease liabilities:
Operating lease (Other liabilities)	$	75.0
Finance lease (Debt obligations)	34.6
Total lease liabilities	$	109.6

Leases, Cost

The following table summarizes the components of lease expense for the year ended December 31, 2019 (in millions):

Finance lease cost:
Amortization of right-of-use assets	$	7.8
Interest on lease liabilities	2.3
Net finance lease cost	10.1
Operating lease cost	23.6
Variable lease cost	0.7
Sublease income	(0.1)
Total lease cost	$	34.3

Cash flow information related to leases for the year ended December 31, 2019 are as follows (in millions):

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	1.7
Financing cash flows from finance leases	$	9.8
Operating cash flows from operating leases	$	25.8
Right-of-use assets obtained in exchange for new lease liabilities
Finance leases	$	2.1
Operating leases	$	90.1

As of December 31, 2019, the weighted-average remaining lease term and the weighted-average discount rate for finance leases and operating leases are as follows:

Weighted-average remaining lease term (years) - operating lease	5.2
Weighted-average remaining lease term (years) - finance lease	3.8
Weighted-average discount rate - operating lease	6.9	%
Weighted-average discount rate - finance lease	6.6	%

Finance Lease, Liability, Maturity

As of December 31, 2019, undiscounted cash flows for finance and operating leases are as follows (in millions):

	Operating Leases		Finance Leases
2020	$	23.0	$	11.0
2021	20.9		10.6
2022	13.3		10.0
2023	10.2		4.3
2024	8.1		2.5
Thereafter	14.4		1.0
Total future lease payments	89.9		39.4
Less: Present values	(14.9)		(4.8)
Total lease liability balance	$	75.0	$	34.6

Lessee, Operating Lease, Liability, Maturity

As of December 31, 2019, undiscounted cash flows for finance and operating leases are as follows (in millions):

	Operating Leases		Finance Leases
2020	$	23.0	$	11.0
2021	20.9		10.6
2022	13.3		10.0
2023	10.2		4.3
2024	8.1		2.5
Thereafter	14.4		1.0
Total future lease payments	89.9		39.4
Less: Present values	(14.9)		(4.8)
Total lease liability balance	$	75.0	$	34.6