LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Components of Lease Cost

Lease cost recognized in the consolidated statements of operations for 2020 and 2019 is summarized as follows (in millions):

	Year ended December 31,
	2020		2019
Lease cost:
Operating lease cost	$	33.0	$	28.6
Short-term lease cost	4.2		3.3
Sublease income	(0.2)		(0.2)
Total lease cost	$	37.0	$	31.7

Schedule of Other Lease Information

Other lease information as of and for the years ended December 31, includes (dollars in millions):

	2020			2019
Weighted-average remaining lease term (in years)
Operating leases	7.2			5.9
Weighted-average discount rate
Operating leases	3.8		%	4.9		%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	30.4		$	29.0
ROU assets obtained in exchange for new operating lease liabilities:
Operating leases	$	80.3		$	15.8

Schedule of Maturities of Operating Lease Liabilities

As of December 31, 2020, maturities of the Company's operating lease liabilities are as follows (in millions):

2021	$	33.7
2022	30.8
2023	27.9
2024	24.5
2025	18.4
Thereafter	59.1
Total lease payments	194.4
Less imputed interest	(26.0)
Present value of lease liability	$	168.4