Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Components of lease expense

The components of lease expense were as follows (in millions of dollars):

		Second Quarter		June Year to Date
Description	Statement of Earnings Location	2019		2019
Operating lease cost	Selling, general and administrative expenses	$	6.7	$	13.7
Short-term lease cost	Selling, general and administrative expenses	0.9		1.6
Variable lease cost	Selling, general and administrative expenses	1.7		3.5
Total lease cost		$	9.3	$	18.8

Supplemental consolidated balance sheet information related to leases

Supplemental consolidated balance sheet information related to leases was as follows (in millions of dollars):

Description	Balance Sheet Location	As of Second Quarter-End 2019
ROU Assets:
Operating	Operating lease right-of-use assets	$	66.9
Financing	Property and equipment	1.7
Total lease assets		$	68.6
ROU Liabilities:
Operating - current	Operating lease liabilities, current	$	20.3
Financing - current	Accounts payable and accrued liabilities	0.4
Operating - noncurrent	Operating lease liabilities, noncurrent	49.3
Financing - noncurrent	Other long-term liabilities	1.1
Total lease liabilities		$	71.1

Schedule of lease terms and discount rates

Weighted average remaining lease terms and discount rates for June year to date 2019 was as follows:

	June Year to Date
	2019
Weighted average remaining lease term (years):
Operating leases	4.1
Financing leases	3.9
Weighted average discount rate:
Operating leases	5.9	%
Financing leases	5.1	%

Other information related to leases

Other information related to leases was as follows (in millions of dollars):

	Second Quarter		June Year to Date
	2019		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6.6	$	13.5
Financing cash flows from financing leases	0.2		0.2
ROU assets obtained in exchange for new lease obligations:
Operating leases	$	2.7	$	4.0
Financing leases	0.8		1.7

Maturities of operating lease liabilities under ASC 842

Maturities of lease liabilities as of second quarter-end 2019 were as follows (in millions of dollars):

	Operating Leases		Financing Leases
2019, remaining	$	12.7	$	0.2
2020	21.5		0.5
2021	17.2		0.5
2022	12.0		0.5
2023	6.8		—
2024	3.8		—
Thereafter	4.3		—
Total future lease payments	78.3		1.7
Less: Imputed interest	8.6		0.2
Total	$	69.7	$	1.5

Maturity of financing leases

Maturities of lease liabilities as of second quarter-end 2019 were as follows (in millions of dollars):

	Operating Leases		Financing Leases
2019, remaining	$	12.7	$	0.2
2020	21.5		0.5
2021	17.2		0.5
2022	12.0		0.5
2023	6.8		—
2024	3.8		—
Thereafter	4.3		—
Total future lease payments	78.3		1.7
Less: Imputed interest	8.6		0.2
Total	$	69.7	$	1.5

Maturities of operating lease liabilities under ASC 840

Maturities of operating leases accounted for under ASC 840 as of year-end 2018 were as follows (in millions of dollars):

Fiscal year:
2019	$	26.7
2020	20.4
2021	15.2
2022	9.8
2023	4.7
Later years	4.9
Total	$	81.7