LEASES (Tables)

3 Months Ended

Mar. 31, 2020

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 for the periods presented:


(in millions)	Classification on the Balance Sheet	March 31, 2020		December 31, 2019
Assets
Operating lease assets - third party	Operating lease right of use assets - third party	$	330.2	$	306.1
Operating lease assets - affiliate	Operating lease right of use assets - affiliate	631.2		650.3
Finance lease assets	Financing lease right of use assets - third party	84.9		24.2
Total lease right of use assets		$	1,046.3	$	980.6

Liabilities
Current liabilities:
Operating lease liabilities - third party	Current operating lease liabilities - third party	$	79.4	$	72.0
Operating lease liabilities - affiliate	Current operating lease liabilities - affiliate	80.6		79.2
Finance lease liabilities - third party	Accrued expenses	12.7		6.5
Noncurrent liabilities:
Operating lease liabilities - third party	Long-term operating lease liabilities - third party	249.3		232.9
Operating lease liabilities - affiliate	Long-term operating lease liabilities - affiliate	550.5		571.1
Finance lease liabilities - third party	Long-term financing lease liabilities - third party	73.2		18.4
Total lease liabilities		$	1,045.7	$	980.1

Lease, Cost [Table Text Block]

The table below provides certain information related to costs for the Company’s leases for the period presented:


	Three Months Ended March 31,
Lease Costs (in millions)	2020		2019
Components of total lease cost:
Finance lease cost
Amortization of lease right of use assets	$	2.9	$	—
Interest on lease liabilities	0.9		—
Operating lease cost	60.5		53.3
Short-term lease cost	22.0		23.3
Variable lease cost	10.6		10.1
Total lease cost	$	96.9	$	86.7

Supplemental Cash Flow and Other Information [Table Text Block]

The table below provides supplemental cash flow information related to leases for the periods presented (in millions):


	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	60.8	$	35.4
Operating cash flows for finance leases	0.9		—
Financing cash flows for finance leases	2.6		—
Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets	111.1		82.7

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 March 31, 2020:


Weighted average remaining lease term - operating leases	8.5 years
Weighted average remaining lease term - finance leases	7.8 years

Weighted average discount rate - operating leases	7.82	%
Weighted average discount rate - finance leases	5.26	%

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 March 31, 2020:


Amounts due within twelve months of March 31, (in millions)	Finance Leases		Operating Leases
2020	$	16.8	$	229.2
2021	15.4		194.0
2022	11.0		178.3
2023	11.0		159.2
2024	11.0		152.3
Thereafter	40.0		427.2
Total minimum lease payments	105.2		1,340.2
Less: effect of discounting	19.3		380.4
Present value of future minimum lease payments	85.9		959.8
Less: current obligations under leases	12.7		160.0
Long-term lease obligations	$	73.2	$	799.8