LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Balance Sheet Classification of Leases

Supplemental balance sheet information related to leases was as follows:

($ in millions)	Balance Sheet Classification	June 30, 2020			December 31, 2019
Assets:
Operating	Operating lease assets	$	70.3		$	69.8
Finance	Property, plant and equipment, net	109.6		(1)	91.5		(2)
Total lease assets		$	179.9		$	161.3
Liabilities:
Current liabilities:
Operating	Current operating lease liabilities	$	13.7		$	12.9
Finance	Current maturities of long-term debt	24.3			24.2
Long-term liabilities
Operating	Long-term operating lease liabilities	59.8			59.7
Finance	Long-term debt, net of current maturities	60.6			43.1
Total lease liabilities		$	158.4		$	139.9

(1) Net of $36.5 million of accumulated amortization.

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

Lease term and discount rate were as follows:

	June 30, 2020		December 31, 2019
Weighted-average remaining lease term:
Operating leases	6.5 years		6.6 years
Finance leases	3.8 years		3.4 years
Weighted-average discount rate:
Operating leases	5.7	%	6.2	%
Finance leases	3.6	%	3.8	%

Lease Cost

Supplemental statement of operations information related to leases was as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
($ in millions)	2020			2019			2020			2019
Operating lease cost
Cost of goods sold before depreciation, depletion and amortization	$	4.8		$	6.1		$	10.3		$	12.0
Selling, general and administrative expenses	0.7			0.5			1.4			1.0
Total operating lease cost	5.5		(1)	6.6		(2)	11.7		(3)	13.0		(4)
Finance lease cost
Depreciation, depletion and amortization	3.9			2.9			7.6			5.6
Interest expense, net	0.7			0.7			1.5			1.3
Total finance lease cost	4.6			3.6			9.1			6.9
Total lease cost	$	10.1		$	10.2		$	20.8		$	19.9

(1) Included short-term lease and variable lease costs of $1.0 million.

(2) Included short-term lease and variable lease costs of $1.8 million.

(3) Included short-term lease and variable lease costs of $2.7 million.

(4) Included short-term lease and variable lease costs of $3.3 million.

Supplemental cash flow information related to leases was as follows:

	Six Months Ended June 30,
($ in millions)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	8.6	$	9.4
Operating cash flows for finance leases	1.5		1.3
Financing cash flows for finance leases	8.3		10.4
Net assets obtained in exchange for finance lease liabilities	13.7		7.7
Net right-of-use assets obtained in exchange for operating lease liabilities	7.4		3.9

Operating Lease Maturity Schedule

Maturities of lease liabilities were as follows:

($ in millions)	Operating Leases		Finance Leases
2020 (remainder of year)	$	8.6	$	12.9
2021	16.8		26.4
2022	13.7		21.5
2023	12.1		15.7
2024	11.2		8.9
2025	8.6		4.4
Thereafter	18.9		1.4
Total lease payments	89.9		91.2
Less interest	16.4		6.3
Present value of lease liabilities	$	73.5	$	84.9

Finance Lease Maturity Schedule

Maturities of lease liabilities were as follows:

($ in millions)	Operating Leases		Finance Leases
2020 (remainder of year)	$	8.6	$	12.9
2021	16.8		26.4
2022	13.7		21.5
2023	12.1		15.7
2024	11.2		8.9
2025	8.6		4.4
Thereafter	18.9		1.4
Total lease payments	89.9		91.2
Less interest	16.4		6.3
Present value of lease liabilities	$	73.5	$	84.9