Leases, Codification Topic 842 (Tables)

6 Months Ended

Mar. 31, 2020

Leases [Abstract]

Lease, Cost

The components of lease cost are presented below.

	Three months ended		Six months ended
	March 31, 2020		March 31, 2020
	(in millions)
Operating lease cost	$	1.6	3.2
Finance lease cost	0.3		0.6
Total lease expense	$	1.9	$	3.8

Supplemental Balance Sheet - Leases

Supplemental information describing where lease-related assets and liabilities are reflected in the Condensed Consolidated Balance Sheet at March 31, 2020 is presented below, in millions.

Right of use assets:
Operating leases	Other noncurrent assets	$	26.7
Finance leases	Plant, property and equipment	2.5
Total right of use assets		$	29.2
Lease liabilities:
Operating leases - current	Other current liabilities	$	4.4
Operating leases - noncurrent	Other noncurrent liabilities	24.0
Finance leases - current	Current portion of long-term debt	1.1
Finance leases - noncurrent	Long-term debt	1.5
Total lease liabilities		$	31.0

Supplemental

Supplemental Information - Leases

information related to lease terms and discount rates at March 31, 2020 is presented below.

Weighted-average remaining lease term (years):
Operating leases	8.15
Finance leases	2.68
Weighted-average interest rate:
Operating leases	5.71	%
Finance leases	5.23	%

Lease Maturity Schedule

Total lease liabilities at March 31, 2020 have scheduled maturities as follows:

	Operating Leases		Finance Leases
	(in millions)
2020	$	3.6	$	0.8
2021	5.3		1.1
2022	4.5		0.7
2023	4.0		0.4
2024	3.9		—
Thereafter	16.0		—
Total lease payments	37.3		2.9
Less: imputed interest	8.9		0.3
Present value of lease liabilities	$	28.4	$	2.6

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information related to leases for the six months ended March 31, 2020 is presented below, in millions.

Operating cash flows used in operating leases	$	2.9
Financing cash flows used in finance leases	$	0.7