Leases (Tables)

3 Months Ended

Aug. 31, 2019

The following table summarizes right-of-use assets and lease liabilities recorded on the Company's Condensed Consolidated Balance Sheet as of August 31, 2019:



	August 31, 2019	Location within Condensed Consolidated Balance Sheet
Operating leases	$81.7	Operating lease right-of-use assets, net
Finance leases	10.5	Property, plant and equipment, net
Total lease assets	$92.2

Operating leases :
Current portion	24.1	Current portion of operating lease liabilities
Non-current portion	61.1	Long-term operating lease liabilities
Total operating lease liabilities	$85.2
Finance leases :
Current portion	1.8	Other accrued expenses
Non-current portion	9.3	Other noncurrent liabilities
Total finance lease liabilities	$11.1
Total lease liabilities	$96.3

Lease Expense, Cash Flow and Weighted Average Information

The following table summarizes the activity as a result of the adoption of ASC 842 for the three months ended August 31, 2019:



	Three Months Ended August 31, 2019
	Three Months Ended August 31, 2019	Location within Condensed Consolidated Statement of Operations
Operating lease expense	$7.1	Selling, general and administrative expenses
Finance lease costs :
Depreciation of leased assets	0.4	Selling, general and administrative expenses
Accretion of lease liabilities	0.1	Interest income (expense), net
Total lease expense	$7.6

The following table summarizes certain cash flows information related to the Company's leases for the three months ended August 31, 2019:



	Three Months Ended August 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	6.9
Operating cash flows from finance leases	0.1
Financing cash flows from finance leases	0.4

The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates related to the Company's operating leases recorded on the Company's Condensed Consolidated Balance Sheet as of August 31, 2019:



	Operating	Finance
	Leases	Leases
Weighted-average remaining lease term (years)	4.3	6.3
Weighted-average discount rate	4.0%	3.9%

Finance Lease, Maturity

The following table provides a maturity analysis summary of the Company's lease liabilities recorded on the Company's Condensed Consolidated Balance Sheet as of August 31, 2019:



	Operating		Finance
	Leases		Leases
Remainder of Fiscal 2020	$20.8		$1.7
Fiscal 2021	22.1		2.2
Fiscal 2022	18.1		2.1
Fiscal 2023	12.1		1.9
Fiscal 2024	7.0		1.8
Fiscal 2025 and thereafter	10.8		2.9
Total lease payments	90.9		12.6
Less: interest	(5.7	)	(1.5	)
Total lease liabilities	$85.2		$11.1

Operating Lease, Maturity

The following table provides a maturity analysis summary of the Company's lease liabilities recorded on the Company's Condensed Consolidated Balance Sheet as of August 31, 2019:



	Operating		Finance
	Leases		Leases
Remainder of Fiscal 2020	$20.8		$1.7
Fiscal 2021	22.1		2.2
Fiscal 2022	18.1		2.1
Fiscal 2023	12.1		1.9
Fiscal 2024	7.0		1.8
Fiscal 2025 and thereafter	10.8		2.9
Total lease payments	90.9		12.6
Less: interest	(5.7	)	(1.5	)
Total lease liabilities	$85.2		$11.1