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Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Summary of Amount and Timing of Cash Flows From Operating Leases

 

The following table presents information about the amount and timing of cash flows arising from our operating leases as of June 30, 2020: 

(Dollars in millions)

 

 

 

 

2020

 

$

14.7

 

2021

 

 

25.7

 

2022

 

 

22.1

 

2023

 

 

16.2

 

2024

 

 

14.0

 

Thereafter

 

 

44.1

 

Total lease payments

 

$

136.8

 

Less: Interest

 

 

(32.7

)

Present value of lease liabilities

 

$

104.1

 

Schedule of Supplemental Condensed Consolidated Balance Sheet Information Related to Leases

 

Supplemental condensed consolidated balance sheet information related to leases is as follows:

 

 

 

June 30,

2020

 

 

December 31,

2019

 

(Dollars in millions)

 

 

 

 

 

 

 

 

Operating leases:

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

102.7

 

 

$

112.3

 

Current operating lease liabilities

 

$

21.0

 

 

$

22.0

 

Operating lease liabilities

 

 

83.1

 

 

 

91.5

 

Total operating lease liabilities

 

$

104.1

 

 

$

113.5

 

Weighted average remaining lease term, in years

 

 

6.7

 

 

 

7.1

 

Weighted average discount rate

 

 

7.7

%

 

 

7.7

%