LEASES (Tables)

9 Months Ended

Sep. 30, 2019

Assets and Liabilities, Lessee [Table Text Block]

The table below presents the lease related assets and liabilities recorded on the Company’s Condensed Consolidated Balance Sheets as of September 30, 2019:



(in millions)	Classification on the Balance Sheet	September 30, 2019
Assets
Operating lease assets - third party	Operating lease right of use assets - third party	$	331.0
Operating lease assets - affiliate	Operating lease right of use assets - affiliate	666.2
Finance lease assets	Deferred charges and other assets, net	13.8
Total lease right of use assets		$	1,011.0

Liabilities
Current liabilities:
Operating lease liabilities - third party	Current operating lease liabilities - third party	$	78.1
Operating lease liabilities - affiliate	Current operating lease liabilities - affiliate	75.7
Finance lease liabilities - third party	Accrued expenses	1.1
Noncurrent liabilities:
Operating lease liabilities - third party	Long-term operating lease liabilities - third party	251.9
Operating lease liabilities - affiliate	Long-term operating lease liabilities - affiliate	590.4
Finance lease liabilities - third party	Other long-term liabilities	13.1
Total lease liabilities		$	1,010.3

Lease, Cost [Table Text Block]

The table below presents certain information related to costs for the Company’s leases for the three and nine months ended September 30, 2019:



Lease Costs (in millions)	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Components of total lease cost:
Finance lease cost
Amortization of lease right of use assets	$	0.3	$	0.7
Interest on lease liabilities	0.3		0.5
Operating lease cost	60.3		176.5
Short-term lease cost	22.4		70.8
Variable lease cost	9.7		23.9
Total lease cost	$	93.0	$	272.4

Cash Flow, Lessee [Table Text Block]

The table below presents supplemental cash flow information related to leases for the nine months ended September 30, 2019 (in millions):



Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	179.1
Operating cash flows for finance leases	0.5
Financing cash flows for finance leases	0.4
Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets	286.0

Lease Term and Discount Rate

The table below presents certain information related to the weighted average remaining lease term and weighted average discount rate for the Company’s leases as of September 30, 2019:



Weighted average remaining lease term - operating leases	8.9 years
Weighted average remaining lease term - finance leases	9.5 years

Weighted average discount rate - operating leases	7.92	%
Weighted average discount rate - finance leases	6.83	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The table below reconciles the fixed component of the undiscounted cash flows for each of the periods presented to the lease liabilities recorded on the Condensed Consolidated Balance Sheets as of September 30, 2019:



Amounts due within twelve months of September 30, (in millions)	Finance Leases		Operating Leases
2019	$	2.0	$	227.5
2020	2.0		198.2
2021	2.0		170.3
2022	2.0		162.3
2023	2.0		157.8
Thereafter	9.4		493.4
Total minimum lease payments	19.4		1,409.5
Less: effect of discounting	5.2		413.4
Present value of future minimum lease payments	14.2		996.1
Less: current obligations under leases	1.1		153.8
Long-term lease obligations	$	13.1	$	842.3