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Leases (Tables)

12 Months Ended

Sep. 30, 2020

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

	Year Ended September 30, 2020
Operating lease cost	$	57.4
Variable lease cost		46.1
Short-term lease cost		8.4

Summary of Supplemental Information Related to Leases

Supplemental information related to leases was as follows (in millions):

		September 30, 2020
	Balance Sheet Classification	Finance leases			Operating leases			Total
Lease right of use assets	Other long-term assets	$	13.2		$	149.0		$	162.2
Current lease liabilities	Other current liabilities		3.6			43.5			47.1
Long-term lease liabilities	Other long-term liabilities		9.7			109.1			118.8

Weighted average remaining lease term		4.0 years			5.5 years

Weighted average discount rates			2.4	%		2.9	%

Summary Right of Use Assets Balance for Operating Leases by Segment

The table below presents the right of use asset balance for operating leases disaggregated by segment and type of lease (in millions):

	September 30, 2020
	Access Equipment		Defense		Fire & Emergency		Commercial		Corporate and intersegment eliminations		Total
Real estate leases	$	61.4	$	28.2	$	6.5	$	17.9	$	7.0	$	121.0
Equipment leases		7.3		4.2		2.2		1.9		12.4		28.0
	$	68.7	$	32.4	$	8.7	$	19.8	$	19.4	$	149.0

Schedule of Maturities and Minimum Payments of Operating Lease Liabilities

Maturities of operating lease liabilities at September 30, 2020 and minimum payments for operating leases (under ASC 842) having initial or remaining non-cancelable terms in excess of one year were as follows (in millions):

Amounts due in
2021	$	47.7
2022		34.9
2023		23.7
2024		16.0
2025		11.5
Thereafter		31.3
Total lease payments		165.1
Less: imputed interest		(12.5	)
Present value of lease liability	$	152.6

Schedule of Operating Leases Future Minimum Payments

At September 30, 2019, future minimum operating lease payments (under ASC 840) were as follows (in millions):

Amounts due in
2020	$	34.0
2021		26.7
2022		15.9
2023		11.3
2024		7.1
Thereafter		11.7