Guarantor Subsidiaries

6 Months Ended

Jun. 30, 2020

Murphy USA Inc. ("Parent Company") and certain of the Company’s 100% owned, domestic subsidiaries (the “Guarantor Subsidiaries”) fully and unconditionally guarantee, on a joint and several basis, certain of the outstanding indebtedness of Murphy Oil USA, Inc. (the "Issuer"), including the 5.625% senior notes due 2027 and the 4.75% senior notes due 2029. The following consolidating schedules present financial information on a consolidated basis in conformity with the SEC’s Regulation S-X Rule 3-10(d):

CONSOLIDATING BALANCE SHEET


(Millions of dollars, except share amounts)	June 30, 2020
Assets	Parent Company		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Current assets
Cash and cash equivalents	$	—	$	403.0	$	0.6	$	—	$	—	$	403.6
Accounts receivable—trade, less allowance for doubtful accounts of $0.1 in 2020	—		161.1		0.2		—		—		161.3
Inventories, at lower of cost or market	—		257.7		—		—		—		257.7
Prepaid expenses and other current assets	—		17.7		—		—		—		17.7

Total current assets	—		839.5		0.8		—		—		840.3
Property, plant and equipment, at cost less accumulated depreciation and amortization of $1,143.6 in 2020	—		1,823.3		11.0		—		—		1,834.3

Investments in subsidiaries	2,850.0		143.6		—		—		(2,993.6)		—
Other assets	—		186.1		—		—		—		186.1


Total assets	$	2,850.0	$	2,992.5	$	11.8	$	—	$	(2,993.6)	$	2,860.7
Liabilities and Stockholders' Equity
Current liabilities
Current maturities of long-term debt	$	—	$	51.2	$	—	$	—	$	—	$	51.2
Inter-company accounts payable	141.0		52.4		(39.1)		(154.3)		—		—
Trade accounts payable and accrued liabilities	—		461.2		0.5		—		—		461.7
Income taxes payable	—		41.2		(0.4)		—		—		40.8


Total current liabilities	141.0		606.0		(39.0)		(154.3)		—		553.7
Long-term debt, including capitalized lease obligations	—		975.3		—		—		—		975.3
Deferred income taxes	—		225.2		—		—		—		225.2
Asset retirement obligations	—		33.7		—		—		—		33.7
Deferred credits and other liabilities	—		154.8		—		—		—		154.8

Total liabilities	141.0		1,995.0		(39.0)		(154.3)		—		1,942.7
Stockholders' Equity
Preferred Stock, par $0.01 (authorized 20,000,000 shares, none outstanding)	—		—		—		—		—		—
Common Stock, par 0.01 (authorized 200,000,000 shares, 46,767,164 shares issued at June 30, 2020)	0.5		—		0.1		—		(0.1)		0.5
Treasury Stock (17,589,533 shares held at June 30, 2020)	(1,235.2)		—		—		—		—		(1,235.2)
Additional paid in capital (APIC)	1,183.1		578.8		52.0		87.5		(1,368.4)		533.0
Retained earnings	2,760.6		421.2		(1.3)		66.8		(1,625.1)		1,622.2
Accumulated other comprehensive income (loss) (AOCI)	—		(2.5)		—		—		—		(2.5)
Total stockholders' equity	2,709.0		997.5		50.8		154.3		(2,993.6)		918.0
Total liabilities and stockholders' equity	$	2,850.0	$	2,992.5	$	11.8	$	—	$	(2,993.6)	$	2,860.7

CONSOLIDATING BALANCE SHEET


(Millions of dollars, except share amounts)	December 31, 2019
Assets	Parent Company		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Current assets
Cash and cash equivalents	$	—	$	279.4	$	0.9	$	—	$	—	$	280.3
Accounts receivable—trade, less allowance for doubtful accounts of $1.2 in 2019	—		173.0		(0.1)		—		—		172.9
Inventories, at lower of cost or market	—		227.6		—		—		—		227.6
Prepaid expenses and other current assets	—		29.6		0.4		—		—		30.0

Total current assets	—		709.6		1.2		—		—		710.8
Property, plant and equipment, at cost less accumulated depreciation and amortization of $1,079.2 in 2019	—		1,799.1		8.2		—		—		1,807.3

Investments in subsidiaries	2,591.8		143.9		—		—		(2,735.7)		—
Other assets	—		169.1		—		—		—		169.1


Total assets	$	2,591.8	$	2,821.7	$	9.4	$	—	$	(2,735.7)	$	2,687.2
Liabilities and Stockholders' Equity
Current liabilities
Current maturities of long-term debt	$	—	$	38.8	$	—	$	—	$	—	$	38.8
Inter-company accounts payable	(0.1)		196.1		(41.7)		(154.3)		—		—
Trade accounts payable and accrued liabilities	—		466.2		—		—		—		466.2



Total current liabilities	(0.1)		701.1		(41.7)		(154.3)		—		505.0
Long-term debt, including capitalized lease obligations	—		999.3		—		—		—		999.3
Deferred income taxes	—		216.7		—		—		—		216.7
Asset retirement obligations	—		32.8		—		—		—		32.8
Deferred credits and other liabilities	—		130.4		—		—		—		130.4

Total liabilities	(0.1)		2,080.3		(41.7)		(154.3)		—		1,884.2
Stockholders' Equity
Preferred Stock, par $0.01 (authorized 20,000,000 shares, none outstanding)	—		—		—		—		—		—
Common Stock, par $0.01 (authorized 200,000,000 shares, 46,767,164 shares issued at December 31, 2019)	0.5		—		0.1		—		(0.1)		0.5
Treasury Stock (16,307,048 shares held at December 31, 2019 )	(1,099.8)		—		—		—		—		(1,099.8)
Additional paid in capital (APIC)	1,188.8		578.8		52.0		87.5		(1,368.4)		538.7
Retained earnings	2,502.4		161.9		(1.0)		66.8		(1,367.2)		1,362.9
Accumulated other comprehensive income (AOCI)	—		0.7		—		—		—		0.7
Total stockholders' equity	2,591.9		741.4		51.1		154.3		(2,735.7)		803.0
Total liabilities and stockholders' equity	$	2,591.8	$	2,821.7	$	9.4	$	—	$	(2,735.7)	$	2,687.2

CONSOLIDATING INCOME STATEMENT AND COMPREHENSIVE INCOME


(Millions of dollars)	Three Months Ended June 30, 2020
Operating Revenues	Parent Company		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Petroleum product sales	$	—	$	1,588.9	$	—	$	—	$	—	$	1,588.9
Merchandise sales	—		767.1		—		—		—		767.1
Other operating revenues	—		23.6		—		—		—		23.6
Total operating revenues	—		2,379.6		—		—		—		2,379.6

Operating Expenses
Petroleum product cost of goods sold	—		1,287.8		—		—		—		1,287.8
Merchandise cost of goods sold	—		648.7		—		—		—		648.7
Station and other operating expenses	—		131.8		—		—		—		131.8
Depreciation and amortization	—		39.4		0.1		—		—		39.5
Selling, general and administrative	—		37.1		—		—		—		37.1
Accretion of asset retirement obligations	—		0.5		—		—		—		0.5
Total operating expenses	—		2,145.3		0.1		—		—		2,145.4

Net settlement proceeds	—		—		—		—		—		—
Gain (loss) on sale of assets	—		1.3		—		—		—		1.3
Income (loss) from operations	—		235.6		(0.1)		—		—		235.5

Other income (expense)
Interest income	—		0.2		—		—		—		0.2
Interest expense	—		(13.0)		—		—		—		(13.0)

Other nonoperating income	—		0.5		(0.2)		—		—		0.3
Total other income (expense)	—		(12.3)		(0.2)		—		—		(12.5)
Income (loss) before income taxes	—		223.3		(0.3)		—		—		223.0
Income tax expense	—		54.2		(0.1)		—		—		54.1
Income (loss)	—		169.1		(0.2)		—		—		168.9
Equity earnings in affiliates, net of tax	168.9		(0.2)		—		—		(168.7)		—
Net Income (Loss)	168.9		168.9		(0.2)		—		(168.7)		168.9
Other comprehensive loss	—		(0.5)		—		—		—		(0.5)
Comprehensive income (loss)	$	168.9	$	168.4	$	(0.2)	$	—	$	(168.7)	$	168.4

CONSOLIDATING INCOME STATEMENT AND COMPREHENSIVE INCOME


(Millions of dollars)	Three Months Ended June 30, 2019
Operating Revenues	Parent Company		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Petroleum product sales	$	—	$	3,129.7	$	—	$	—	$	—	$	3,129.7
Merchandise sales	—		658.8		—		—		—		658.8
Other operating revenues	—		11.9		—		—		—		11.9
Total operating revenues	—		3,800.4		—		—		—		3,800.4

Operating Expenses
Petroleum product cost of goods sold	—		2,973.7		—		—		—		2,973.7
Merchandise cost of goods sold	—		553.3		—		—		—		553.3
Station and other operating expenses	—		145.6		—		—		—		145.6
Depreciation and amortization	—		36.5		—		—		—		36.5
Selling, general and administrative	—		35.1		—		—		—		35.1
Accretion of asset retirement obligations	—		0.5		—		—		—		0.5
Total operating expenses	—		3,744.7		—		—		—		3,744.7

Net settlement proceeds	—		—		—		—		—		—
Gain (loss) on sale of assets	—		—		—		—		—		—
Income (loss) from operations	—		55.7		—		—		—		55.7

Other income (expense)
Interest income	—		0.9		—		—		—		0.9
Interest expense	—		(13.2)		—		—		—		(13.2)
Other nonoperating income	—		0.1		(0.2)		—		—		(0.1)
Total other income (expense)	—		(12.2)		(0.2)		—		—		(12.4)
Income (loss) before income taxes	—		43.5		(0.2)		—		—		43.3
Income tax expense	—		10.7		(0.1)		—		—		10.6
Income (loss)	—		32.8		(0.1)		—		—		32.7
Equity earnings in affiliates, net of tax	32.7		(0.1)		—		—		(32.6)		—
Net Income (Loss)	32.7		32.7		(0.1)		—		(32.6)		32.7
Other comprehensive income (loss)	—		—		—		—		—		—
Comprehensive income (loss)	$	32.7	$	32.7	$	(0.1)	$	—	$	(32.6)	$	32.7

CONSOLIDATING INCOME STATEMENT AND COMPREHENSIVE INCOME


(Millions of dollars)	Six Months Ended June 30, 2020
Operating Revenues	Parent Company		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Petroleum product sales	$	—	$	4,069.1	$	—	$	—	$	—	$	4,069.1
Merchandise sales	—		1,454.6		—		—		—		1,454.6
Other operating revenues	—		40.7		—		—		—		40.7
Total operating revenues	—		5,564.4		—		—		—		5,564.4

Operating Expenses
Petroleum product cost of goods sold	—		3,547.6		—		—		—		3,547.6
Merchandise cost of goods sold	—		1,228.7		—		—		—		1,228.7

Station and other operating expenses	—		266.9		—		—		—		266.9
Depreciation and amortization	—		78.8		0.1		—		—		78.9
Selling, general and administrative	—		76.3		—		—		—		76.3
Accretion of asset retirement obligations	—		1.1		—		—		—		1.1
Total operating expenses	—		5,199.4		0.1		—		—		5,199.5


Gain (loss) on sale of assets	—		1.4		—		—		—		1.4
Income (loss) from operations	—		366.4		(0.1)		—		—		366.3

Other income (expense)
Interest income	—		1.0		—		—		—		1.0
Interest expense	—		(26.3)		—		—		—		(26.3)

Other nonoperating income	—		(0.4)		(0.3)		—		—		(0.7)
Total other income (expense)	—		(25.7)		(0.3)		—		—		(26.0)
Income (loss) before income taxes	—		340.7		(0.4)		—		—		340.3
Income tax expense	—		82.2		(0.1)		—		—		82.1
Income (loss)	—		258.5		(0.3)		—		—		258.2

Equity earnings in affiliates, net of tax	258.2		(0.3)		—		—		(257.9)		—
Net Income (Loss)	258.2		258.2		(0.3)		—		(257.9)		258.2
Other comprehensive income (loss)	—		(3.2)		—		—		—		(3.2)
Comprehensive income (loss)	$	258.2	$	255.0	$	(0.3)	$	—	$	(257.9)	$	255.0

CONSOLIDATING INCOME STATEMENT AND COMPREHENSIVE INCOME


(Millions of dollars)	Six Months Ended June 30, 2019
Operating Revenues	Parent Company		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Petroleum product sales	$	—	$	5,629.5	$	—	$	—	$	—	$	5,629.5
Merchandise sales	—		1,265.0		—		—		—		1,265.0
Other operating revenues	—		22.3		—		—		—		22.3
Total operating revenues	—		6,916.8		—		—		—		6,916.8

Operating Expenses
Petroleum product cost of goods sold	—		5,355.2		—		—		—		5,355.2
Merchandise cost of goods sold	—		1,062.0		—		—		—		1,062.0

Station and other operating expenses	—		278.4		—		—		—		278.4
Depreciation and amortization	—		76.2		—		—		—		76.2
Selling, general and administrative	—		69.7		—		—		—		69.7
Accretion of asset retirement obligations	—		1.0		—		—		—		1.0
Total operating expenses	—		6,842.5		—		—		—		6,842.5

Net settlement proceeds	—		0.1		—		—		—		0.1
Gain (loss) on sale of assets	—		(0.1)		—		—		—		(0.1)
Income (loss) from operations	—		74.3		—		—		—		74.3

Other income (expense)
Interest income	—		1.6		—		—		—		1.6
Interest expense	—		(26.8)		—		—		—		(26.8)
Other nonoperating income	—		0.5		(0.4)		—		—		0.1
Total other income (expense)	—		(24.7)		(0.4)		—		—		(25.1)
Income (loss) before income taxes	—		49.6		(0.4)		—		—		49.2
Income tax expense	—		11.3		(0.1)		—		—		11.2
Income (loss)	—		38.3		(0.3)		—		—		38.0

Equity earnings in affiliates, net of tax	38.0		(0.3)		—		—		(37.7)		—
Net Income (Loss)	38.0		38.0		(0.3)		—		(37.7)		38.0
Other comprehensive income (loss)	—		—		—		—		—		—
Comprehensive income (loss)	$	38.0	$	38.0	$	(0.3)	$	—	$	(37.7)	$	38.0

CONSOLIDATING STATEMENT OF CASH FLOW


(Millions of dollars)	Six Months Ended June 30, 2020
Operating Activities	Parent Company		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	258.2	$	258.2	$	(0.3)	$	—	$	(257.9)	$	258.2
Adjustments to reconcile net income (loss) to net cash provided by (required by) operating activities

Depreciation and amortization	—		78.8		0.1		—		—		78.9

Deferred and noncurrent income tax charges (credits)	—		9.4		—		—		—		9.4
Accretion of asset retirement obligations	—		1.1		—		—		—		1.1
(Gain) loss on sale of assets	—		(1.4)		—		—		—		(1.4)
Net (increase) decrease in noncash operating working capital	—		23.0		0.2		—		—		23.2
Equity in earnings of affiliates	(258.2)		0.3		—		—		257.9		—

Other operating activities - net	—		12.5		—		—		—		12.5


Net cash provided by (required by) operating activities	—		381.9		—		—		—		381.9
Investing Activities
Property additions	—		(102.8)		(2.9)		—		—		(105.7)
Proceeds from sale of assets	—		7.6		—		—		—		7.6

Other investing activities - net	—		(1.1)		—		—		—		(1.1)



Net cash provided by (required by) investing activities	—		(96.3)		(2.9)		—		—		(99.2)
Financing Activities
Purchase of treasury stock	(140.6)		—		—		—		—		(140.6)
Borrowings of debt	—		—		—		—		—		—
Repayments of debt	—		(13.2)		—		—		—		(13.2)


Amounts related to share-based compensation	—		(5.6)		—		—		—		(5.6)
Net distributions to parent	140.6		(143.2)		2.6		—		—		—
Net cash provided by (required by) financing activities	—		(162.0)		2.6		—		—		(159.4)
Net increase (decrease) in cash and cash equivalents	—		123.6		(0.3)		—		—		123.3
Cash, cash equivalents, and restricted cash at January 1	—		279.4		0.9		—		—		280.3
Cash, cash equivalents, and restricted cash at June 30	$	—	$	403.0	$	0.6	$	—	$	—	$	403.6

CONSOLIDATING STATEMENT OF CASH FLOW


(Millions of dollars)	Six Months Ended June 30, 2019
Operating Activities	Parent Company		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	38.0	$	38.0	$	(0.3)	$	—	$	(37.7)	$	38.0
Adjustments to reconcile net income (loss) to net cash provided by (required by)operating activities

Depreciation and amortization	—		76.2		—		—		—		76.2

Deferred and noncurrent income tax charges (credits)	—		2.7		—		—		—		2.7
Accretion of asset retirement obligations	—		1.0		—		—		—		1.0
Pretax (gains) losses from sale of assets	—		0.1		—		—		—		0.1
Net (increase) decrease in noncash operating working capital	—		(0.4)		(0.1)		—		—		(0.5)
Equity in earnings of affiliates	(38.0)		0.3		—		—		37.7		—
Other operating activities - net	—		7.4		—		—		—		7.4


Net cash provided by (required by) operating activities	—		125.3		(0.4)		—		—		124.9
Investing Activities
Property additions	—		(83.4)		(3.2)		—		—		(86.6)
Proceeds from sale of assets	—		1.4		—		—		—		1.4


Other investing activities - net	—		(0.5)		—		—		—		(0.5)



Net cash provided by (required by) investing activities	—		(82.5)		(3.2)		—		—		(85.7)
Financing Activities
Purchase of treasury stock	(30.1)		—		—		—		—		(30.1)

Repayments of debt	—		(10.7)		—		—		—		(10.7)

Amounts related to share-based compensation	—		(4.3)		—		—		—		(4.3)
Net distributions to parent	30.1		(33.8)		3.7		—		—		—
Net cash provided by (required) by financing activities	—		(48.8)		3.7		—		—		(45.1)
Net increase (decrease) in cash and cash equivalents	—		(6.0)		0.1		—		—		(5.9)
Cash, cash equivalents, and restricted cash at January 1	—		184.0		0.5		—		—		184.5
Cash, cash equivalents, and restricted cash at June 30	$	—	$	178.0	$	0.6	$	—	$	—	$	178.6

CONSOLIDATING STATEMENT OF CHANGES IN EQUITY


(Millions of dollars)	Six Months Ended June 30, 2020
Statement of Stockholders' Equity	Parent Company		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Common Stock
Balance as of December 31, 2019	$	0.5	$	—	$	0.1	$	—	$	(0.1)	$	0.5
Issuance of common stock	—		—		—		—		—		—
Balance as of March 31, 2020	0.5		—		0.1		—		(0.1)		0.5
Issuance of common stock	—		—		—		—		—		—
Balance as of June 30, 2020	$	0.5	$	—	$	0.1	$	—	$	(0.1)	$	0.5


Treasury Stock
Balance as of December 31, 2019	$	(1,099.8)	$	—	$	—	$	—	$	—	$	(1,099.8)
Issuance of treasury stock	5.2		—		—		—		—		5.2
Repurchase of treasury stock	(140.6)		—		—		—		—		(140.6)
Balance as of March 31, 2020	(1,235.2)		—		—		—		—		(1,235.2)
Issuance of treasury stock	—		—		—		—		—		—
Repurchase of treasury stock	—		—		—		—		—		—
Balance as of June 30, 2020	$	(1,235.2)	$	—	$	—	$	—	$	—	$	(1,235.2)



APIC
Balance as of December 31, 2019	$	1,188.8	$	578.8	$	52.0	$	87.5	$	(1,368.4)	$	538.7
Issuance of treasury stock	(5.7)		—		—		—		—		(5.7)
Amounts related to share-based compensation	—		(5.6)		—		—		—		(5.6)
Share-based compensation expense	—		2.8		—		—		—		2.8
Balance as of March 31, 2020	1,183.1		576.0		52.0		87.5		(1,368.4)		530.2


Share-based compensation expense	—		2.8		—		—		—		2.8
Balance as of June 30, 2020	$	1,183.1	$	578.8	$	52.0	$	87.5	$	(1,368.4)	$	533.0




Retained Earnings
Balance as of December 31, 2019	$	2,502.4	$	161.9	$	(1.0)	$	66.8	$	(1,367.2)	$	1,362.9
Cumulative effect of a change in accounting principle	—		1.1		—		—		—		1.1
Net income (loss)	89.3		89.3		(0.1)		—		(89.2)		89.3
Balance as of March 31, 2020	2,591.7		252.3		(1.1)		66.8		(1,456.4)		1,453.3
Net income (loss)	168.9		168.9		(0.2)		—		(168.7)		168.9
Balance as of June 30, 2020	$	2,760.6	$	421.2	$	(1.3)	$	66.8	$	(1,625.1)	$	1,622.2


AOCI
Balance as of December 31, 2019	$	—	$	0.7	$	—	$	—	$	—	$	0.7
Other comprehensive income (loss)	—		(2.7)		—		—		—		(2.7)
Balance as of March 31, 2020	—		(2.0)		—		—		—		(2.0)
Net income (loss)	—		(0.5)		$	—	—		—		(0.5)
Balance as of June 30, 2020	$	—	$	(2.5)	$	—	$	—	$	—	$	(2.5)

CONSOLIDATING STATEMENT OF CHANGES IN EQUITY


(Millions of dollars)	Six Months Ended June 30, 2019
Statement of Stockholders' Equity	Parent Company		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Common Stock
Balance as of December 31, 2018	$	0.5	$	—	$	0.1	$	—	$	(0.1)	$	0.5
Issuance of common stock	—		—		—		—		—		—
Balance as of March 31, 2019	0.5		—		0.1		—		(0.1)		$	0.5
Issuance of common stock	—		—		$	—	—		—		—
Balance as of June 30, 2019	$	0.5	$	—	$	0.1	$	—	$	(0.1)	$	0.5


Treasury Stock
Balance as of December 31, 2018	$	(940.3)	$	—	$	—	$	—	$	—	$	(940.3)
Issuance of treasury stock	5.6		—		—		—		—		5.6
Repurchase of treasury stock	(13.3)		—		—		—		—		(13.3)
Balance as of March 31, 2019	(948.0)		—		—		—		—		(948.0)
Issuance of treasury stock	0.1		—		—		—		—		0.1
Repurchase of treasury stock	(16.8)		—		—		—		—		(16.8)
Balance as of June 30, 2019	$	(964.7)	$	—	$	—	$	—	$	—	$	(964.7)



APIC
Balance as of December 31, 2018	$	1,195.1	$	572.8	$	52.0	$	87.5	$	(1,368.4)	$	539.0
Issuance of treasury stock	(5.6)		—		—		—		—		(5.6)
Amounts related to share-based compensation	—		(4.1)		—		—		—		(4.1)
Share-based compensation expense	—		2.6		—		—		—		2.6
Balance as of March 31, 2019	1,189.5		571.3		52.0		87.5		(1,368.4)		$	531.9
Issuance of treasury stock	(0.1)		—		—		—		—		(0.1)
Amounts related to share-based compensation	—		(0.2)		—		—		—		(0.2)
Share-based compensation expense	—		2.8		—		—		—		2.8
Balance as of June 30, 2019	$	1,189.4	$	573.9	$	52.0	$	87.5	$	(1,368.4)	$	534.4




Retained Earnings
Balance as of December 31, 2018	$	2,181.8	$	172.9	$	(0.5)	$	66.8	$	(1,212.9)	$	1,208.1
Net income (loss)	5.3		5.3		(0.2)		—		(5.1)		5.3
Balance as of March 31, 2019	2,187.1		178.2		(0.7)		66.8		(1,218.0)		1,213.4
Net income (loss)	32.7		32.7		(0.1)		—		(32.6)		32.7
Balance as of June 30, 2019	$	2,219.8	$	210.9	$	(0.8)	$	66.8	$	(1,250.6)	$	1,246.1


AOCI
Balance as of December 31, 2018	$	—	$	—	$	—	$	—	$	—	$	—
Other comprehensive income (loss)	—		—		—		—		—		—
Balance as of March 31, 2019	—		—		—		—		—		—
Other comprehensive income (loss)	—		—		—		—		—		—
Balance as of June 30, 2019	$	—	$	—	$	—	$	—	$	—	$	—