LEASES (Tables)

9 Months Ended

Sep. 30, 2019

LEASES.

Schedule of supplemental balance sheet

The following table presents the supplemental balance sheet information related to leases for the quarter ended September 30, 2019 (in millions):

	September 30,
	2019
Operating lease right of use assets	$	53.4
Total leased assets	$	53.4
Accrued liabilities	$	8.8
Non-current operating lease liabilities		47.4
Total leased liabilities	$	56.2

Schedule of lease cost and other information

The following table presents operating lease costs and other information as of and for the three and nine months ended September 30, 2019 (in millions, except as stated):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2019		2019
Operating lease costs (1)	$	3.4	$	8.8
Lease term and discount rate information:
Weighted average remaining lease term (years)				9.4
Weighted average discount rate				3.5	%
Supplemental cash flow information and non-cash activity:
Cash paid for amounts included in the measurement of lease liabilities			$	7.5
Right-of-use assets obtained in exchange for lease liabilities				21.0

(1) Includes short-term leases and variable lease costs, which are immaterial.

Schedule of maturities of lease liabilities

The maturities of the lease liabilities are as follows as of September 30, 2019 (in millions):

	September 30,
	2019
Remainder of 2019	$	2.8
2020		10.0
2021		9.6
2022		8.9
2023		7.6
After 2023 (1)		27.8
Total lease payments	$	66.7
Less: Interest		(10.5)
Present value of lease liabilities	$	56.2

(1) Total lease payments include $20.4 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $115.9 million of legally binding lease payments for leases signed but will commence after September 30, 2019.