Leases (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Lease Terms and Discount Rates

The following table presents lease terms and discount rates as of March 31, 2020:

Schedule of Lease Assets and Liabilities

The following table summarizes the classification of lease assets and lease liabilities on our Consolidated Balance Sheet as of the periods presented (in millions of dollars):



Leases	Classification	March 31, 2020		December 31, 2019
Assets
Operating lease assets	Operating lease assets	$	28.8	$	25.8
Finance lease assets	Property, plant and equipment, net	6.3		6.6
Total lease assets		$	35.1	$	32.4

Liabilities
Current:
Operating lease liabilities	Other accrued liabilities	$	4.5	$	3.9
Finance lease liabilities	Other accrued liabilities	1.2		1.2
Non-current:
Operating lease liabilities	Long-term portion of operating lease liabilities	27.8		25.2
Finance lease liabilities	Long-term liabilities	5.1		5.4
Total lease liabilities		$	38.6	$	35.7

Schedule of Lease Cost Classification

The following table summarizes the components of lease cost on our Statements of Consolidated Income for the periods presented (in millions of dollars):



	Quarter Ended
	March 31,
Lease Cost	2020		2019
Operating lease cost	$	1.8	$	2.0
Short-term lease cost	0.3		0.3
Finance lease cost:
Amortization of leased assets	0.4		0.4
Interest on lease liabilities	0.1		0.1
Total lease cost	$	2.6	$	2.8

Lease Liability Maturity Schedule

The following table presents the maturity of our lease liabilities as of March 31, 2020 (in millions of dollars):



Maturity of Lease Liabilities	Finance Leases			Operating Leases
Remainder of 2020	$	1.2		$	4.7
2021	1.4			5.5
2022	1.3			4.7
2023	1.2			4.3
2024	0.6			4.1
2025	0.6			2.2
2026 and thereafter	0.7			16.9
Total minimum lease payments	$	7.0		$	42.4

Less: interest	(0.7		)	(10.1		)
Present value	$	6.3		$	32.3

Finance Leases

Operating Leases

Weighted-average lease term (in years)

Weighted-average discount rate