Leases (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Supplemental Balance Sheet and Cash Flow Information Related to Leases

The following tables present supplemental balance sheet and cash flow information related to operating leases. ROU assets are included in Other assets and lease liabilities are included in Other liabilities.

Supplemental Lease Balance Sheet Information (dollars in millions)

	March 31,		December 31,
	2020		2019
ROU assets	$	232.4	$	194.9
Lease liabilities		280.6		242.6

Supplemental Cash Flow Information (dollars in millions):

	Quarters Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities	$	13.9	$	10.2
ROU assets obtained in exchange for new lease liabilities		5.6		-

Schedule of Lease Income Related to Company's Operating and Finance Leases

The table that follows presents lease income related to the Company’s operating and finance leases:

Lease Income (dollars in millions)

	Quarters Ended March 31,
	2020		2019
Lease income – Operating leases	$	197.8	$	203.3
Variable lease income – Operating leases ⁽¹⁾		12.0		14.4
Rental income on operating leases		209.8		217.7
Interest income - Sales type and direct financing leases		43.7		49.2
Variable lease income included in Other non-interest income ⁽²⁾		10.9		11.5
Leveraged lease income		2.6		1.9
Total lease income	$	267.0	$	280.3

⁽¹⁾ Primarily includes per diem railcar operating lease rental income earned on a time or mileage usage basis.

⁽²⁾ Includes leased equipment property tax reimbursements due from customers of $4.6 million and $6.1 million for the quarters ended March 31, 2020 and 2019, respectively, and revenue related to insurance coverage on Business Capital leased equipment of $6.3 million and $5.4 million for the quarters ended March 31, 2020 and 2019, respectively.