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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2019

 

 

June 30, 2019

 

Finance lease cost

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

.2

 

 

$

.5

 

Interest on lease liabilities

 

 

 

 

 

 

.1

 

Operating lease cost

 

 

4.2

 

 

 

8.3

 

Short-term lease cost

 

 

.1

 

 

 

.3

 

Variable lease cost

 

 

.5

 

 

 

.9

 

     Total lease cost

 

$

5.0

 

 

$

10.1

 

Schedule of Balance Sheet Information Related to Leases

Balance sheet information related to leases was as follows:

 

At June 30, 2019

OPERATING LEASES

 

 

FINANCE LEASES

 

TRUCK, PARTS AND OTHER

 

 

 

 

 

 

 

Other noncurrent assets

$

36.4

 

 

$

1.5

 

FINANCIAL SERVICES

 

 

 

 

 

 

 

Other assets

 

5.6

 

 

 

 

 

     Total right-of-use assets

$

42.0

 

 

$

1.5

 

 

 

 

 

 

 

 

 

TRUCK, PARTS AND OTHER:

 

 

 

 

 

 

 

Accounts payable, accrued expense and other

$

13.1

 

 

$

.9

 

Other liabilities

 

24.5

 

 

 

.7

 

FINANCIAL SERVICES:

 

 

 

 

 

 

 

Accounts payable, accrued expense and other

 

1.5

 

 

 

 

 

Deferred taxes and other liabilities

 

4.1

 

 

 

 

 

     Total lease liabilities

$

43.2

 

 

$

1.6

 

Schedule of Weighted-Average Remaining Lease Term and Discount Rate

The weighted-average remaining lease term and discount rate are as follows:

 

At June 30, 2019

OPERATING LEASES

 

 

FINANCE LEASES

 

Weighted-average remaining lease term

4.0 years

 

 

2.5 years

 

Weighted-average discount rate

 

1.9

%

 

 

3.5

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities are as follows:

 

At June 30, 2019

OPERATING LEASES

 

 

FINANCE LEASES

 

Remainder of 2019

$

9.4

 

 

$

.5

 

2020

 

13.7

 

 

 

.7

 

2021

 

9.5

 

 

 

.4

 

2022

 

6.3

 

 

 

.1

 

2023

 

4.2

 

 

 

 

 

Thereafter

 

3.3

 

 

 

 

 

Total lease payments

 

46.4

 

 

 

1.7

 

Less: interest

 

(3.2

)

 

 

(.1

)

     Total lease liabilities

$

43.2

 

 

$

1.6

 

Schedule of Cash Flow Information Related to Leases

Cash flow information related to leases was as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2019

 

 

June 30, 2019

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

   Operating cash flows from operating leases

 

$

4.5

 

 

$

8.3

 

   Financing cash flows from finance leases

 

 

.3

 

 

 

.5

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease liabilities

 

 

 

 

 

 

 

 

   Operating leases

 

 

2.8

 

 

 

6.0

 

   Finance leases

 

 

.3

 

 

 

.9