Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Lessee, Finance Leases

Leases

The Partnership has various operating lease commitments extending through 2028, generally covering office space and equipment rentals, some of which contain options to renew or extend the lease term. The Partnership also has a finance lease related to the lease of an office building in Owensboro, Kentucky, that has a fifteen year term with two twenty-year renewal options.

The components of lease cost were as follows (in millions):

	For the Three Months Ended March 31, 2019
Operating lease cost	$	1.0
Short-term lease cost	0.8
Finance lease cost:
Amortization of right-of-use asset	0.2
Interest on lease liabilities	0.1
Total lease cost	$	2.1

The following provides supplemental balance sheet information related to the Partnership’s leases (in millions):

	As of March 31, 2019
Right-of-use assets
Operating leases (recorded in Other Assets)	$	17.2
Finance lease (recorded in Plant, Property and Equipment)	6.6
Lease liabilities
Operating leases (recorded in Other Liabilities, current and     non-current)	19.9
Finance lease	7.9
Weighted average remaining lease term (years)
Operating leases	5.2
Finance lease	9.3
Weighted average discount rate
Operating leases	4.7		%
Finance lease	5.9		%

The table below presents the maturities of lease liabilities (in millions):

	As of March 31, 2019
	Operating Leases			Financing Leases
2019 (1)	$	3.4		$	0.8
2020	4.5			1.1
2021	4.4			1.1
2022	4.3			1.1
2023	3.8			1.1
Thereafter	2.1			5.1
Total	22.5			10.3
Less: discount	(2.6		)	(2.4		)
Total lease liabilities	$	19.9		$	7.9

(1) For the nine-month period beginning April 1, 2019.

The following table summarizes minimum future commitments to be made under non-cancelable operating leases as of December 31, 2018 (in millions):

2019	$	4.8
2020	4.7
2021	4.6
2022	4.5
2023	4.1
Thereafter	1.9
Total	$	24.6

Lessee, Operating Leases

Leases

The Partnership has various operating lease commitments extending through 2028, generally covering office space and equipment rentals, some of which contain options to renew or extend the lease term. The Partnership also has a finance lease related to the lease of an office building in Owensboro, Kentucky, that has a fifteen year term with two twenty-year renewal options.

The components of lease cost were as follows (in millions):

	For the Three Months Ended March 31, 2019
Operating lease cost	$	1.0
Short-term lease cost	0.8
Finance lease cost:
Amortization of right-of-use asset	0.2
Interest on lease liabilities	0.1
Total lease cost	$	2.1

The following provides supplemental balance sheet information related to the Partnership’s leases (in millions):

	As of March 31, 2019
Right-of-use assets
Operating leases (recorded in Other Assets)	$	17.2
Finance lease (recorded in Plant, Property and Equipment)	6.6
Lease liabilities
Operating leases (recorded in Other Liabilities, current and     non-current)	19.9
Finance lease	7.9
Weighted average remaining lease term (years)
Operating leases	5.2
Finance lease	9.3
Weighted average discount rate
Operating leases	4.7		%
Finance lease	5.9		%

The table below presents the maturities of lease liabilities (in millions):

	As of March 31, 2019
	Operating Leases			Financing Leases
2019 (1)	$	3.4		$	0.8
2020	4.5			1.1
2021	4.4			1.1
2022	4.3			1.1
2023	3.8			1.1
Thereafter	2.1			5.1
Total	22.5			10.3
Less: discount	(2.6		)	(2.4		)
Total lease liabilities	$	19.9		$	7.9

(1) For the nine-month period beginning April 1, 2019.

The following table summarizes minimum future commitments to be made under non-cancelable operating leases as of December 31, 2018 (in millions):

2019	$	4.8
2020	4.7
2021	4.6
2022	4.5
2023	4.1
Thereafter	1.9
Total	$	24.6