Leases

9 Months Ended

Sep. 30, 2020

LEASES

We have operating leases for manufacturing, office, warehouse and distribution space, paperboard sheeting and chipping facilities, equipment and vehicles. We also have finance leases related to our North Carolina converting and manufacturing facilities, as well as for certain office and other equipment. Our leases have remaining lease terms from less than one to eleven years, and some of our leases include one or more options to renew.

The tables below present financial information associated with our leases.


Lease expense	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Operating lease costs	$	4.0	$	4.1	$	11.8	$	11.1
Finance lease costs:
Amortization of right-of-use assets	0.4		0.4		1.3		1.3
Interest on lease liabilities	0.4		0.5		1.3		1.4
Total finance lease costs	0.9		0.9		2.7		2.7
Variable lease costs	0.4		0.3		1.2		0.8
Total lease costs	$	5.3	$	5.2	$	15.6	$	14.6


Supplemental cash flow information	Nine Months Ended September 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13.3	$	12.6
Operating cash flows from finance leases	1.3		1.4
Financing cash flows from finance leases	1.2		1.0

Non-cash amounts for lease liabilities arising from obtaining right-of-use assets:
Operating leases	$	3.3	$	1.0
Finance leases	0.3		0.5


Supplemental balance sheet information
	Classification	September 30, 2020		December 31, 2019
Lease ROU Assets
Operating lease assets	Operating lease right-of-use assets	$	66.0	$	73.1
Finance lease assets	Property, plant and equipment, net	26.7		26.5
Accumulated depreciation		(12.3)		(11.1)
Total lease ROU assets		$	80.4	$	88.5

Lease Liabilities
Current operating lease liabilities	Other accrued liabilities	$	14.9	$	13.9
Current finance lease liabilities	Short-term debt	1.7		1.4
Total current lease liabilities		16.5		15.3

Non-current operating lease liabilities	Long-term operating lease liabilities	57.3		65.6
Non-current finance lease liabilities	Long-term debt	19.5		20.6
Total non-current lease liabilities		76.8		86.2

Total operating lease liabilities		72.2		79.5
Total finance lease liabilities		21.2		22.0
Total lease liabilities		$	93.4	$	101.5