LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Assets and Liabilities, Lessee [Table Text Block]

The table below presents the lease related assets and liabilities recorded on the Company’s Consolidated Balance Sheets as of December 31, 2019:



(in millions)	Classification on the Balance Sheet	December 31, 2019
Assets
Operating lease assets - third party	Operating lease right of use assets - third party	$	306.1
Operating lease assets - affiliate	Operating lease right of use assets - affiliate	650.3
Finance lease assets	Deferred charges and other assets, net	24.2
Total lease right of use assets		$	980.6

Liabilities
Current liabilities:
Operating lease liabilities - third party	Current operating lease liabilities - third party	$	72.0
Operating lease liabilities - affiliate	Current operating lease liabilities - affiliate	79.2
Finance lease liabilities - third party	Accrued expenses	6.5
Noncurrent liabilities:
Operating lease liabilities - third party	Long-term operating lease liabilities - third party	232.9
Operating lease liabilities - affiliate	Long-term operating lease liabilities - affiliate	571.1
Finance lease liabilities - third party	Other long-term liabilities	18.4
Total lease liabilities		$	980.1

Lease, Cost [Table Text Block]

The table below presents certain information related to costs for the Company’s leases for the year ended December 31, 2019:



Lease Costs (in millions)	Year Ended December 31, 2019
Components of total lease costs:
Finance lease costs
Amortization of lease right of use assets	$	2.0
Interest on lease liabilities	0.8
Operating lease costs	239.6
Short-term lease costs	89.2
Variable lease costs	31.6
Total lease costs	$	363.2

Cash Flow, Lessee [Table Text Block]

The table below presents supplemental cash flow information related to leases for the year ended December 31, 2019 (in millions):



Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	241.1
Operating cash flows for finance leases	0.8
Financing cash flows for finance leases	1.4
Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets	340.2

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 December 31, 2019:



Weighted average remaining lease term - operating leases	8.8 years
Weighted average remaining lease term - finance leases	6.1 years

Weighted average discount rate - operating leases	7.95	%
Weighted average discount rate - finance leases	5.98	%

Lessee, 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 Consolidated Balance Sheets as of December 31, 2019:



Amounts due in the year ended December 31, (in millions)	Finance Leases		Operating Leases
2020	$	7.8	$	222.4
2021	7.8		188.3
2022	2.0		168.9
2023	2.0		159.2
2024	2.0		159.6
Thereafter	8.8		449.9
Total minimum lease payments	30.4		1,348.3
Less: effect of discounting	5.5		393.1
Present value of future minimum lease payments	24.9		955.2
Less: current obligations under leases	6.5		151.2
Long-term lease obligations	$	18.4	$	804.0