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Leases (Tables)

3 Months Ended

Mar. 31, 2019



Leases (in millions)	Classification	March 31, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	367.6
Finance lease assets	Net property and equipment	2.8
Total leased assets		$	370.4
Liabilities
Current
Operating	Current operating lease liabilities	$	106.4
Finance	Other current and accrued liabilities	0.3
Noncurrent
Operating	Operating lease liabilities	240.5
Finance	Claims and other liabilities	3.4
Total lease liabilities		$	350.6

Lease, Cost



		Three Months Ended March 31, 2019
Lease Cost (in millions)	Classification
Operating lease cost^(a)	Purchased transportation; Fuel, operating expenses and supplies	$	41.2
Short-term cost	Purchased transportation; Fuel, operating expenses and supplies	3.5
Variable lease cost	Purchased transportation; Fuel, operating expenses and supplies	1.5
Finance lease cost
Amortization of leased assets	Depreciation and amortization	0.2
Interest on lease liabilities	Interest expense	0.1
Total lease cost		$	46.5


(a)	Operating lease cost represents non-cash amortization of ROU assets and accretion of the discounted lease liabilities and is segregated on the statement of consolidated cash flows.

Finance Lease, Liability, Maturity



Maturities of Lease Liabilities	Operating Leases		Finance Leases		Total
(in millions)
2019	$	106.9	$	0.5	$	107.4
2020	124.1		0.6		124.7
2021	100.2		0.6		100.8
2022	49.9		0.6		50.5
2023	21.5		0.6		22.1
After 2023	16.5		4.2		20.7
Total lease payments	$	419.1	$	7.1	$	426.2
Less: Imputed interest	72.2		3.4		75.6
Present value of lease liabilities	$	346.9	$	3.7	$	350.6

Lessee, Operating Lease, Liability, Maturity



Maturities of Lease Liabilities	Operating Leases		Finance Leases		Total
(in millions)
2019	$	106.9	$	0.5	$	107.4
2020	124.1		0.6		124.7
2021	100.2		0.6		100.8
2022	49.9		0.6		50.5
2023	21.5		0.6		22.1
After 2023	16.5		4.2		20.7
Total lease payments	$	419.1	$	7.1	$	426.2
Less: Imputed interest	72.2		3.4		75.6
Present value of lease liabilities	$	346.9	$	3.7	$	350.6

Lessee, Lease Term And Discount Rate



Lease Term and Discount Rate	Weighted-Average Remaining Lease	Weighted-Average Discount Rate
(years and percent)
Operating leases	3.5	11.0	%
Finance leases	10.3	11.2	%

Lessee, Supplemental Cash Flow



Other Information	Three Months Ended March 31, 2019
(in millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	36.3
Operating cash flows from finance leases	0.1
Financing cash flows from finance leases	0.2
Leased assets obtained in exchange for new finance lease liabilities	—
Leased assets obtained in exchange for new operating lease liabilities	$	19.1

Schedule of Future Minimum Rental Payments for Operating Leases

Below is the Company’s contractual cash obligations table as of December 31, 2018, that disclosed operating lease payments for the next five years and thereafter. We had no material capital leases as of December 31, 2018.



			Payments Due by Period
(in millions)	Total		Less than 1 year		1-3 years		3-5 years		After 5 years
Operating leases	$	429.2	$	138.4	$	212.0	$	63.3	$	15.5