Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Summary of Commitments and Financial Arrangements

 Commitments and financial arrangements not recorded on the Company's consolidated balance sheet, excluding lease commitments that are disclosed in Note 9, included the following (in millions) at December 31, 2019:

Standby letters of credit(a)	$	1.7
Bonds(b)	$	383.9

^(a) Consists of standby letters of credit, issued by lenders under the Company’s revolving credit facilities, and relate primarily to the Company’s self insurance and workers' compensation plans. In the event the letters of credit are drawn upon, the Company would be obligated to reimburse the issuer of the letter of credit.

^(b) Represents bonds related to construction and real estate activities in Hawai‘i. Approximately $364.6 million represents the face value of construction bonds issued by third party sureties (bid, performance and payment bonds) and the remainder is related to commercial bonds issued by third party sureties (permit, subdivision, license and notary bonds). In the event the bonds are drawn upon, the Company would be obligated to reimburse the surety that issued the bond for the amount of the bond, reduced for the work completed to date. As of December 31, 2019, the Company's estimated remaining exposure, assuming defaults on all existing contractual construction obligations, was approximately $39.4 million.