LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Related Party Transaction [Line Items]

Schedule of components of lease expenses

The following table reflects the Company’s components of lease expenses for the year ended December 31, 2019 (in millions):

		Year Ended
	Classification	December 31, 2019
Operating lease cost
Revenue equipment	Operations and maintenance	$	22.2
Real estate	Administrative expense		13.8
Total operating lease cost		$	36.0
Finance lease cost
Amortization of right-of-use assets	Depreciation and amortization	$	5.4
Interest on lease liabilities	Interest expense		0.9
Total finance lease cost		$	6.3
Total lease cost(a)		$	42.3

(a) Short-term lease expense and variable lease expense are immaterial.

Schedule of components of assets and liabilities for operating and finance leases

The components of assets and liabilities for operating and finance leases are as follows as of December 31, 2019 (in millions):

	Classification	December 31, 2019
Assets
Capitalized operating lease right-of-use assets	Right-of-use assets	$	95.9
Finance lease right-of-use assets	Other long-term assets		25.3
Total lease assets		$	121.2
Liabilities
Capitalized operating lease liabilities:
Current	Other current liabilities	$	27.3
Non-current	Other long-term liabilities		77.8
Total capitalized operating lease liabilities		$	105.1
Finance lease liabilities:
Current	Current portion of long-term debt	$	6.2
Non-current	Long-term debt, net of current portion		19.3
Total finance lease liabilities		$	25.5
Total lease liabilities		$	130.6

Summary of supplemental cash flow related to leases

The following table is a summary of supplemental cash flows related to leases for the year ended December 31, 2019 (in millions):

	Year Ended
	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from capitalized operating leases	$	(35.6)
Operating cash flows from finance leases		(0.9)
Financing cash flows from finance leases		(5.9)
Right-of-use assets obtained in exchange for lease obligations:
Capitalized operating lease right-of-use assets	$	39.2
Finance lease right-of-use assets		13.1

Summary of Future payments on leases, Operating lease

The following table is the future payments on leases as of December 31, 2019 (in millions):

	Capitalized
	Operating		Finance
Year ending December 31,	leases		leases		Total
2020	$	27.3	$	7.3	$	34.6
2021		25.5		7.1		32.6
2022		20.7		5.1		25.8
2023		15.1		5.5		20.6
2024		9.0		2.9		11.9
Thereafter		23.0		0.6		23.6
Total lease payments		120.6		28.5		149.1
Less: interest		(15.5)		(3.0)		(18.5)
Present value of lease liabilities	$	105.1	$	25.5	$	130.6

Summary of Future payments on leases, Finance lease

The following table is the future payments on leases as of December 31, 2019 (in millions):

	Capitalized
	Operating		Finance
Year ending December 31,	leases		leases		Total
2020	$	27.3	$	7.3	$	34.6
2021		25.5		7.1		32.6
2022		20.7		5.1		25.8
2023		15.1		5.5		20.6
2024		9.0		2.9		11.9
Thereafter		23.0		0.6		23.6
Total lease payments		120.6		28.5		149.1
Less: interest		(15.5)		(3.0)		(18.5)
Present value of lease liabilities	$	105.1	$	25.5	$	130.6

Summary of weighted average lease term and discount rate for leases

	2019
Weighted-average remaining lease term (years)
Capitalized operating leases		5.01
Finance leases		3.83
Weighted-average discount rate
Capitalized operating leases		5.54	%
Finance leases		4.51	%

Schedule of future payments under lease agreements prior to ASC 842 adoption

The following table is the future payments under lease agreements as of December 31, 2018 prior to adoption of ASC 842 (in millions):

	Capital Leases		Operating Leases
			Revenue		Office
Year ending December 31,			Equipment		and Terminals
2019	$	5.7	$	19.5	$	11.9
2020		4.5		13.0		11.2
2021		4.3		5.7		9.5
2022		2.4		3.2		8.5
2023		2.9		0.3		6.6
Thereafter		0.8		—		23.0
Total minimum lease payments	$	20.6	$	41.7	$	70.7
Loan amount attributable to interest		(2.4)
Total (Present value of minimum lease payments on capital leases)		18.2
Less: current portion		(4.8)
Long-term capital leases	$	13.4

Schedule of future minimum receipts on leases

The following table is the future minimum receipts on leases as of December 31, 2019 (in millions):

Year ending December 31,	Amount
2020	$	23.8
2021		17.3
2022		9.8
2023		4.9
2024		1.3
Thereafter		0.3
Total minimum lease receipts	$	57.4

Schedule of components of the net investment in sales-type leases

The components of the net investment in sales-type leases as of December 31, 2018 prior to the adoption of ASC 842 are as follows (in millions):

	2018
Minimum lease receivable	$	78.1
Deferred gain		(10.1)
Net minimum lease receivable		68.0
Unearned interest income		(12.3)
Net investment in sales-type leases		55.7
Current portion		(16.2)
	$	39.5

Schedule of future minimum lease receipts

The following table is the future minimum receipts on leases as of December 31, 2018 prior to the adoption of ASC 842 (in millions):

Year ending December 31,	Amount
2019	$	16.2
2020		14.5
2021		11.0
2022		11.2
2023		2.6
Thereafter		0.2
Total	$	55.7

Shareholder and employee

Related Party Transaction [Line Items]

Summary of Future payments on leases, Operating lease

Future minimum lease payments under non-cancelable related party operating leases are as follows (in millions):

	Revenue		Office and
Year ending December 31,	Equipment		Terminals
2020	$	0.4	$	4.1
2021		0.2		4.1
2022		0.2		4.1
2023		0.1		4.0
2024		—		4.0
Thereafter		—		10.4
Total	$	0.9	$	30.7