LEASES (Tables)

12 Months Ended

Dec. 31, 2019



Lease Term and Discount Rate		December 31, 2019
Weighted-average remaining lease term (years):
Operating leases		6.6
Finance leases		3.4
Weighted-average discount rate:
Operating leases		6.2%
Finance leases		3.8%



		December 31,
Leases ($ in millions)	Balance Sheet Classification	2019			2018
Assets:
Operating lease assets	Operating lease assets	$	69.8		$	—
Finance lease assets	Property, plant and equipment, net	91.5		⁽¹⁾	85.4		⁽²⁾
Total lease assets		$	161.3		$	85.4
Liabilities:
Current liabilities:
Operating	Current operating lease liabilities	$	12.9		$	—
Finance	Current maturities of long-term debt	24.2			20.2
Long-term liabilities:
Operating	Long-term operating lease liabilities	59.7			—
Finance	Long-term debt, net of current maturities	43.1			51.0
Total lease liabilities		$	139.9		$	71.2

(1) Net of accumulated amortization of $29.4 million.

(2) Gross assets of $103.2 million and accumulated amortization of $17.8 million.



Lease Cost ($ in millions)	Statement of Operations Classification	2019			2018		2017
Operating lease cost	Selling, general and administrative expenses	$	24.2	⁽¹⁾	$	23.4	$	20.7
Finance lease cost:
Amortization of leased assets	Depreciation, depletion and amortization	11.6			18.4		12.4
Interest on lease liabilities	Interest expense, net	2.6			2.1		1.6
Total finance lease cost		14.2			20.5		14.0
Total		$	38.4		$	43.9	$	34.7

(1) Includes short-term lease and variable lease costs of approximately $5.9 million.



Other Information ($ in millions)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	17.7
Operating cash flows for finance leases	2.6
Financing cash flows for finance leases	22.0
Net assets obtained in exchange for finance lease liabilities	18.1
Net right-of-use assets obtained in exchange for operating lease liabilities	8.2



Maturity of Lease Liabilities ($ in millions)	Operating Leases		Finance Leases		Total
2020	$	16.9	$	26.8	$	43.7
2021	15.8		21.1		36.9
2022	12.5		13.6		26.1
2023	10.9		8.1		19.0
2024	10.2		1.9		12.1
Thereafter	24.9		—		24.9
Total lease payments	91.2		71.5		162.7
Less interest	18.6		4.2		22.8
Present value of lease liabilities	$	72.6	$	67.3	$	139.9



Maturity of Lease Liabilities ($ in millions)	Operating Leases		Finance Leases		Total
2020	$	16.9	$	26.8	$	43.7
2021	15.8		21.1		36.9
2022	12.5		13.6		26.1
2023	10.9		8.1		19.0
2024	10.2		1.9		12.1
Thereafter	24.9		—		24.9
Total lease payments	91.2		71.5		162.7
Less interest	18.6		4.2		22.8
Present value of lease liabilities	$	72.6	$	67.3	$	139.9