Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information Related to Operating Leases

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

Operating lease right-of-use assets	$	234.3
Current portion of operating lease obligations	$	62.6
Long-term portion of operating lease obligations		177.6
Total operating lease obligations	$	240.2

Schedule of Supplemental Balance Sheet Information Related to Finance Leases

Supplemental balance sheet information related to our finance leases was as follows (dollars in millions):

	Year Ended December 31,
	2019			2018
Buildings	$	0.3		$	0.3
Machinery and equipment		28.5			28.5
Total		28.8			28.8
Less accumulated amortization		(18.1	)		(16.7	)
Total	$	10.7		$	12.1
Current portion of finance lease obligations	$	1.5		$	1.4
Long-term portion of finance lease obligations		16.0			17.6
Total finance lease obligations	$	17.5		$	19.0

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rates for Leases

For both operating and finance leases, the weighted average remaining lease term in years and weighted average discount rates at December 31, 2019 were as follows:

Weighted-average remaining lease term (years):
Operating leases		5.6
Finance leases		8.8
Weighted-average discount rate:
Operating leases	4.23%
Finance leases	6.66%

Components of Lease Expense

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

Finance lease cost:
Amortization of finance lease assets	$	1.5
Interest on lease liabilities		1.2
Total finance lease cost		2.7
Operating lease cost		70.2
Short-term lease cost		19.2
Variable lease cost		13.7
Total lease cost	$	105.8

Schedule of Supplemental Cash Flow Information Related to Leases

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

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	(60.0	)
Operating cash flows for finance leases		(1.5	)
Financing cash flows for finance leases		(1.2	)
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	(27.7	)
Finance leases		—
Supplemental non-cash information on changes in lease liabilities	$	44.5
Supplemental non-cash information on changes in right-of-use assets	$	21.4

Schedule of Future Minimum Payments Under Operating and Finance Lease Liabilities

The future minimum payments under operating and finance lease liabilities at December 31, 2019 were as follows (dollars in millions):

	Operating Leases			Finance Leases
2020	$	71.2		$	2.7
2021		60.6			2.7
2022		42.8			2.7
2023		28.7			2.7
2024		20.2			2.7
Thereafter		48.0			9.7
Total lease payments		271.5			23.2
Less imputed interest (a)		(31.3	)		(5.7	)
Present value of lease liabilities	$	240.2		$	17.5

(a) Calculated using the incremental borrowing rate for each lease applied to the future payments.

Schedule of Future Minimum Payments Under Operating and Finance Lease Liabilities Under ASU 840

The future minimum payments under operating and finance lease liabilities at December 31, 2018 under ASC 840 were as follows (dollars in millions):

	Operating Leases		Finance Leases
2019	$	70.1	$	2.7
2020		58.7		2.7
2021		47.4		2.7
2022		29.9		2.7
2023		17.8		2.7
Thereafter		46.4		12.4
Total lease payments	$	270.3		25.9
Less imputed interest (b)				(6.9	)
Present value of lease liabilities			$	19.0

(b) Calculated using the incremental borrowing rate for each lease applied to the future payments.