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Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2020

The following table presents information regarding operating leases where we are the lessee at September 30, 2020:

Asset Category	ROU Asset Carrying Value (1)		Lease Liability Carrying Value (2)		Weighted- Average Remaining Term	Weighted- Average Discount Rate (3)
Storage and pipeline facilities	$	131.0	$	131.5	16 years	4.3%
Transportation equipment		37.4		39.7	3 years	3.5%
Office and warehouse space		172.7		183.0	16 years	3.2%
Total	$	341.1	$	354.2

(1)	Right-of-use (“ROU”) asset amounts are a component of “Other assets” on our Unaudited Condensed Consolidated Balance Sheet.
(2)	At September 30, 2020, lease liabilities of $28.6 million and $325.6 million were included within “Other current liabilities” and “Other liabilities,” respectively.
(3)	The discount rate for each category of assets represents the weighted average of either (i) the implicit rate applicable to the underlying leases (where determinable) or (ii) our incremental borrowing rate adjusted for collateralization (if the implicit rate is not determinable). In general, the discount rates are based on either (i) information available at the lease commencement date or (ii) January 1, 2019 for leases existing at the adoption date for ASC 842, Leases.

The following table disaggregates our total operating lease expense for the periods indicated:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Long-term operating leases:
Fixed lease expense:
Non-cash lease expense (amortization of ROU assets)	$	9.8	$	10.7	$	29.6	$	32.4
Related accretion expense on lease liability balances		3.1		2.1		9.8		6.9
Total fixed lease expense		12.9		12.8		39.4		39.3
Variable lease expense		0.1		1.6		0.4		4.5
Subtotal operating lease expense		13.0		14.4		39.8		43.8
Short-term operating leases		12.3		12.4		37.3		35.9
Total operating lease expense	$	25.3	$	26.8	$	77.1	$	79.7