Leases (Tables)

9 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Operating Leases

Amounts associated with operating leases, including their presentation on our consolidated balance sheets, as of our most recent balance sheet date and our adoption date are as follows:

	30 June 2020	1 October 2019
Operating lease ROU asset
Other noncurrent assets	$352.0	$332.3
Operating lease liabilities
Payables and accrued liabilities	67.4	68.6
Other noncurrent liabilities	325.7	306.7
Total Operating Lease Liabilities	$393.1	$375.3

The difference between the ROU assets and lease liabilities recorded upon adoption primarily relate to the land lease associated with our former Energy-from-Waste business in which an ROU asset was not recognized.

	30 June 2020
Weighted-average remaining lease term (in years)(A)	15.5
Weighted-average discount rate(B)	2.2	%

^(A)Calculated on the basis of the remaining lease term and the lease liability balance for each lease as of the reporting date.

^(B)Calculated on the basis of the discount rate used to calculate the lease liability for each lease and the remaining balance of the lease payments for each lease as of the reporting date.

Schedule of Maturity Analysis of Lease Liabilities

At 30 June 2020, the maturity analysis of lease liabilities, showing the undiscounted cash flows, is as follows:

	Operating Leases
2020 (excluding the nine months ended 30 June 2020)	$20.4
2021	70.6
2022	51.3
2023	43.0
2024	34.9
Thereafter	238.7
Total Undiscounted Lease Payments	$458.9
Imputed interest	(65.8)
Present Value of Lease Liability Recognized on the Balance Sheet	$393.1

Schedule of Minimum Payments Due Under Leases at Prior Year End

As previously disclosed in our 2019 Form 10-K, at 30 September 2019, prior to our adoption of the new lease guidance, minimum payments due under leases were as follows:

	Operating Leases
2020	$75.1
2021	62.6
2022	44.4
2023	35.9
2024	28.6
Thereafter	171.4
Total Undiscounted Lease Payments	$418.0

Schedule of Lease Receivables

At 30 June 2020, minimum lease payments expected to be collected, which reconciles to the total undiscounted minimum lease payments reflected in the table below, were as follows:

2020 (excluding the nine months ended 30 June 2020)	$39.9
2021	155.7
2022	145.2
2023	139.1
2024	133.0
Thereafter	718.2
Total	$1,331.1
Unearned interest income	(420.2)
Lease Receivables, net	$910.9

Schedule of Minimum Lease Payments to be Collected for Lessor at Prior Year End

As previously disclosed in our 2019 Form 10-K, at 30 September 2019, prior to our adoption of the new lease guidance, minimum lease payments expected to be collected were as follows:

2020	$162.5
2021	156.9
2022	145.7
2023	139.4
2024	133.2
Thereafter	715.5
Total	$1,453.2
Unearned interest income	(472.3)
Lease Receivables, net	$980.9