Restricted Cash

6 Months Ended

Jun. 30, 2020

Restricted Cash [Abstract]

Restricted Cash

Restricted Cash

We have an escrow agreement in connection with one of our transit franchise contracts, which requires us to deposit funds into an escrow account to fund capital expenditures over the term of the transit franchise contract. As of June 30, 2020, we have $1.8 million of restricted cash deposited in the escrow account.

	As of
(in millions)	June 30, 2020		June 30, 2019		December 31, 2019
Cash and cash equivalents	$	647.8	$	474.8	$	59.1
Restricted cash	1.8		1.4		1.8
Cash, cash equivalents and restricted cash	$	649.6	$	476.2	$	60.9