Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases

Schedule of lease cost

The components of lease cost for the year ended December 31, 2019 are as follows (dollars in millions):

	2019
Amortization of right-of-use assets	$	0.3
Interest on lease liabilities		—
Total finance lease cost	$	0.3
Operating lease cost	$	24.9
Short term lease cost		2.2
Variable lease cost		3.5
Sublease income		(1.2)
Total lease cost	$	29.7

Schedule of supplemental balance sheet information

Supplemental balance sheet information as of December 31, 2019 related to leases was as follows (dollars in millions):

	As Of
	December 31, 2019
Operating leases
Operating lease assets, net	$	65.6
Other current liabilities		20.6
Operating lease liability - long term		47.0
Finance leases
Property, plant and equipment, net	$	1.7
Current portion of long-term debt		0.4
Long-term debt		1.1
Weighted average remaining lease term
Operating leases		5.0 years
Finance leases		3.7 years
Weighted average discount rate
Operating leases		2.3	%
Finance leases		3.0	%

Schedule of cash flow information

Supplemental cash flow information related to leases for the year ended December 31, 2019 was as follows (dollars in millions):

	2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	—
Operating cash flows from operating leases		27.1
Financing cash flows from finance leases		0.4
Right-of-use assets obtained in exchange for lease liabilities
Operating leases	$	19.8
Finance leases		1.2

Schedule of future minimum lease payments under non-cancellable operating leases

The maturity analysis of finance lease and operating lease liabilities as of December 31, 2019 are as follows (dollars in millions):

	Operating Leases		Finance Leases
2020	$	21.7	$	0.5
2021		15.9		0.5
2022		9.9		0.4
2023		7.6		0.2
2024		5.4		—
Thereafter		10.9		—
Total undiscounted lease payments		71.4		1.6
Less: Imputed interest		(3.8)		(0.1)
Total lease liabilities	$	67.6	$	1.5

Schedule of minimum commitments for the Company's operating leases as required under prior lease guidance

As of December 31, 2018, minimum commitments for the Company’s leases as required under prior lease guidance in ASC 840 were as follows (dollars in millions):

	Operating Leases		Finance Leases
2019	$	25.3	$	—
2020		19.1		0.1
2021		13.7		0.1
2022		9.3		—
2023		7.3		—
Thereafter		18.4		—
Total	$	93.1	$	0.2