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Leasing (Tables)

12 Months Ended

Dec. 31, 2020

Lease expense for the years ended December 31, 2020 and 2019 was as follows:



	December 31, 2020		December 31, 2019
Operating lease expense	$	36.0	$	36.6
Amortization of right-of-use assets on finance leases	1.5		1.2
Total lease expense	$	37.5	$	37.8

The following tables present the impact of leasing on the Consolidated Balance Sheet.


Operating Leases	December 31, 2020		December 31, 2019
Lease assets:
Operating lease assets	$	118.2	$	114.1
Lease liabilities:
Short-term operating lease liabilities	$	27.2	$	28.3
Long-term operating lease liabilities	75.5		71.3
Total operating lease liabilities	$	102.7	$	99.6


Finance Leases	December 31, 2020		December 31, 2019
Lease assets:
Property, plant and equipment, net	$	5.3	$	5.0
Lease liabilities:
Current portion of long-term debt	$	0.8	$	0.5
Long-term debt	2.9		2.9
Total finance lease liabilities	$	3.7	$	3.4

Future minimum lease payments under non-cancellable leases at December 31, 2020 were as follows:


	Operating Leases		Finance Leases
Year Ending December 31,
2021	$	30.2	$	1.5
2022	23.5		1.3
2023	16.0		0.6
2024	10.5		0.3
2025	8.6		0.1
Thereafter	24.7		—
Total future minimum lease payments	$	113.5	$	3.8
Less: imputed interest	(10.8)		(0.1)
Total	$	102.7	$	3.7

The following tables present other information related to leases:



	December 31, 2020		December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	35.7	$	35.6
Financing cash flows from finance leases	1.2		1.6
Lease assets added in the period:
Operating leases	$	39.9	$	58.6
Finance leases	0.9		2.0


	December 31, 2020		December 31, 2019
Weighted-average remaining lease term:
Operating leases	5.1 years		5.3 years
Finance leases	2.9 years		3.3 years
Weighted-average discount rate:
Operating leases	3.69	%	3.87	%
Finance leases	2.55	%	2.55	%