Leases, Codification Topic 842 (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease, Cost

The following table presents amounts recognized for operating leases in the Company's 2019 Consolidated Cash Flow Statement and Balance Sheet and supplemental information related to those amounts recognized, as well as a maturity analysis of the Company's operating lease liabilities.

(In millions)	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	5.6
Right-of-use assets obtained in exchange for new operating lease liabilities	$	10.7
(Dollars in millions)	December 31, 2019
Right-of-use assets at period end (A)	$	40.9
Operating lease liabilities at period end (B)	$	45.8
Operating lease weighted-average remaining lease term (in years)	13.1
Operating lease weighted-average discount rate	3.9		%

	December 31,
Future minimum operating lease payments as of:	2019		2018(C)(D)
(In millions)
2019	$	—	$	22.1
2020	6.2		3.9
2021	5.8		3.5
2022	5.2		2.9
2023	5.2		2.9
2024	3.1		3.0
Thereafter	34.7		34.6
Total future minimum lease payments	60.2		$	72.9
Less: Imputed interest	14.4
Present value of net minimum lease payments	$	45.8

(A) Included in Property, Plant and Equipment in the 2019 Consolidated Balance Sheet.

(B) Included in Other Deferred Credits and Other Liabilities in the 2019 Consolidated Balance Sheet.

(C) Amounts included for comparability and accounted for in accordance with ASC 840, "Leases."

(D) At the end of the railcar lease term, which was February 1, 2019, OG&E had the option to either purchase the railcars at a stipulated fair market value or renew the lease. OG&E renewed the lease effective February 1, 2019. If OG&E chose not to purchase the railcars or renew the lease agreement and the actual fair value of the railcars was less than the stipulated fair market value, OG&E would have been responsible for the difference in those values up to a maximum of $16.2 million.