XML 45 R35.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
9 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Assets And Liabilities Lessee
ROU assets and lease liabilities recorded in the Condensed Consolidated Balance Sheet are as follows:
June 30, 2020Location on the Balance Sheet
ROU assets:
Operating lease ROU assets$397.4  Other assets
Finance lease ROU assets52.8  Property, plant and equipment
Total ROU assets$450.2  
Lease liabilities:
Operating lease liabilities — current$83.2  Other current liabilities
Operating lease liabilities — noncurrent320.8  Other noncurrent liabilities
Finance lease liabilities — current5.6  Current maturities of long-term debt
Finance lease liabilities — noncurrent41.0  Long-term debt
Total lease liabilities$450.6  
Components of Lease Expense, Lease Terms and Discount Rate, and Supplemental Cash Flow Information
The components of lease cost are as follows:
Three Months Ended June 30, 2020Nine Months Ended June 30, 2020
Operating lease cost$22.4  $76.1  
Finance lease cost:
Amortization of ROU assets0.5  3.7  
Interest on lease liabilities 0.7  1.9  
Variable lease cost1.6  4.4  
Short-term lease cost0.8  2.4  
Total lease cost$26.0  $88.5  
The following table presents the cash and non-cash activity related to lease liabilities included in the Condensed Consolidated Statement of Cash Flows occurring during the period:
Nine Months Ended June 30, 2020
Cash paid related to lease liabilities:
Operating cash flows — operating leases$76.3  
Operating cash flows — finance leases$1.9  
Financing cash flows — finance leases$2.7  
Non-cash lease liability activities:
ROU assets obtained in exchange for operating lease liabilities (including the impact upon adoption)$464.3  
ROU assets obtained in exchange for finance lease liabilities $21.5  

The following table presents the weighted-average remaining lease term and weighted-average discount rate as of June 30, 2020:
Weighted-average remaining lease termIn years
Operating leases6.2
Finance leases2.3
Weighted-average discount rate%
Operating leases3.9%
Finance leases2.0%
Lessee, Operating Lease, Liability, Maturity
Expected annual lease payments based on maturities of operating and finance leases, as well as a reconciliation to the lease liabilities on the Condensed Consolidated Balance Sheet, as of June 30, 2020, were as follows:
Remainder of Fiscal 2020Fiscal 2021Fiscal 2022Fiscal 2023Fiscal 2024After Fiscal 2024Total Lease PaymentsImputed InterestLease Liabilities
Operating leases:$24.9  $92.9  $77.7  $68.4  $58.6  $133.5  $456.0  $(52.0) $404.0  
Finance leases:$1.6  $5.1  $4.0  $3.4  $3.1  $85.9  $103.1  $(56.5) $46.6  
Finance Lease, Liability, Fiscal Year Maturity
Expected annual lease payments based on maturities of operating and finance leases, as well as a reconciliation to the lease liabilities on the Condensed Consolidated Balance Sheet, as of June 30, 2020, were as follows:
Remainder of Fiscal 2020Fiscal 2021Fiscal 2022Fiscal 2023Fiscal 2024After Fiscal 2024Total Lease PaymentsImputed InterestLease Liabilities
Operating leases:$24.9  $92.9  $77.7  $68.4  $58.6  $133.5  $456.0  $(52.0) $404.0  
Finance leases:$1.6  $5.1  $4.0  $3.4  $3.1  $85.9  $103.1  $(56.5) $46.6  
Schedule of Future Minimum Rental Payments for Operating Leases September 30, 2019, which were accounted for under ASC 840, were as follows:
Fiscal 2020Fiscal 2021Fiscal 2022Fiscal 2023Fiscal 2024After
Fiscal
2024
Total$100.4  $85.9  $71.0  $61.7  $53.6  $139.2