Leases (Tables)

3 Months Ended

Dec. 31, 2019

Leases [Abstract]

Summary of Lease-Related Assets and Liabilities

The following table summarizes the lease-related assets and liabilities recorded in the consolidated balance sheet at December 31, 2019:

Operating leases:
Right-of-use asset	$	65.0
Current portion of lease liabilities		23.3
Lease liabilities		48.0
Total operating lease liabilities	$	71.3
Finance leases:
Right-of-use asset(1)	$	36.9
Current portion of lease liabilities(2)		4.8
Lease liabilities(3)		1.4
Total finance lease liabilities	$	6.2

(1) Included in “Property and equipment, net” in the consolidated balance sheet.

(2) Included in “Accrued expenses and other liabilities” in the consolidated balance sheet.

(3) Included in “Other liabilities” in the consolidated balance sheet.

Summary of Weighted-average Remaining Lease Terms and Incremental Borrowing Rates

The weighted-average remaining lease terms and incremental borrowing rates as of December 31, 2019 are as follows:

Operating leases:
Weighted-average remaining lease term (years)	5.6
Weighted-average incremental borrowing rate	3.2	%
Finance leases:
Weighted-average remaining lease term (years)	1.8
Weighted-average incremental borrowing rate	4.2	%

Summary of Components of Lease Cost for Operating and Finance Leases

The components of lease cost for operating and finance leases for the three months ended December 31, 2019 were as follows:

Operating lease cost	$	7.3
Finance lease cost:
Amortization of right-of-use asset		1.1
Interest on lease liabilities		—
Total finance lease cost		1.1
Short-term lease cost		6.4
Variable lease costs not included in lease liability		0.1
Sublease income		(0.1	)
Total lease cost	$	14.8

Summary of Supplemental Cash Flow Information

Supplemental cash flow information for the three months ended December 31, 2019 is as follows:

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(6.6	)
Operating cash flows from finance leases		—
Financing cash flows from finance leases		(1.5	)

Summary of Maturities of Operating and Finance Lease Liabilities

Maturities of operating and finance lease liabilities as of December 31, 2019 were as follows:

Fiscal Year	Operating Lease			Finance Lease
2020	$	17.7		$	5.0
2021		18.0			2.2
2022		13.0			0.5
2023		9.8			0.1
2024		6.5			—
Thereafter		16.3			—
Total		81.3			7.8
Less: Executory Costs		—			(0.1	)
Total net lease payments		81.3			7.7
Less: Amounts representing interest		10.0			1.5
Total lease liabilities		71.3			6.2
Less: Current portion of lease liabilities		(23.3	)		(4.8	)
Non-current lease liabilities	$	48.0		$	1.4

Summary of Minimum Annual Lease Payments Under Non-Cancelable Operating Leases

Future minimum lease payments for operating leases accounted for under ASC 840, Leases, with remaining non-cancelable terms in excess of one year at September 30, 2019 were as follows:

Fiscal Year Ended September 30,
2020	$	21.7
2021		17.0
2022		13.2
2023		10.3
2024 and thereafter		22.8
Total	$	85.0

Summary of Future Minimum Lease Payments Under Capital Lease Obligations

Future minimum lease payments under capital lease obligations as of September 30, 2019 are as follows:

Future minimum lease payments:
Fiscal Year Ended September 30:
2020	$	5.6
2021		3.2
2022		0.7
2023		0.2
2024 and thereafter	—
Total		9.7
Less: Executory costs		(0.1	)
Net minimum lease payments		9.6
Less: Amount representing interest		(1.1	)
Present value of net minimum lease payments		8.5
Less: Current portion		(5.4	)
Long-term portion of finance lease obligations	$	3.1