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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of amounts recognized in the Condensed Consolidated Balance Sheet
Amounts recognized in the Condensed Consolidated Balance Sheet related to the Lease are included in the table below. Other than the Lease described above, we had no leases accounted for as finance leases as of September 30, 2019.
 
 
 
 
September 30,
 
 
Classification
 
2019
Finance lease right-of-use assets
 
Property, plant, and equipment, net (1) 
 
$
663.7

Finance lease liabilities
 
Finance lease liabilities (noncurrent)
 
$
712.7

 
 
 
 
 
(1) Finance lease right-of-use assets are recorded net of accumulated amortization of $72.5 million as of September 30, 2019.

Schedule of lease cost and other information
Finance lease costs consist of the following:
 
 
Three Months Ended
September 30, 2019
 
Nine Months Ended
September 30, 2019
Amortization of right-of-use assets
 
$
3.6

 
$
10.8

Interest on lease liabilities
 
6.9

 
21.4

 
 
$
10.5

 
$
32.2


Other information related to our finance lease includes the following:
 
 
September 30,
 
 
2019
Remaining lease term (in years)
 
2.42

Discount rate
 
2.89
%

Schedule of maturities of lease liabilities
The following is an analysis of lease liability maturities as of September 30, 2019:    
 
 
Operating Leases
 
Finance Leases
2019
 
$
1.9

 
$
5.7

2020
 
8.0

 
21.2

2021
 
6.6

 
20.1

2022
 
3.3

 
725.0

2023
 
2.0

 

2024
 
2.3

 

Thereafter
 
4.3

 

Total undiscounted lease payments
 
28.4

 
772.0

Imputed interest
 
(3.1
)
 
(53.2
)
Debt financing costs
 

 
(6.1
)
Total lease liabilities
 
$
25.3

 
$
712.7


Schedule of maturities of lease liabilities
The following is an analysis of lease liability maturities as of September 30, 2019:    
 
 
Operating Leases
 
Finance Leases
2019
 
$
1.9

 
$
5.7

2020
 
8.0

 
21.2

2021
 
6.6

 
20.1

2022
 
3.3

 
725.0

2023
 
2.0

 

2024
 
2.3

 

Thereafter
 
4.3

 

Total undiscounted lease payments
 
28.4

 
772.0

Imputed interest
 
(3.1
)
 
(53.2
)
Debt financing costs
 

 
(6.1
)
Total lease liabilities
 
$
25.3

 
$
712.7


Schedule of future minimum noncancelable lease commitments
As of December 31, 2018, the estimated future minimum noncancelable lease commitments, excluding the purchase price we would be obligated to pay if we were to exercise our option to purchase the Facility, were as follows:
 
 
Operating Leases
 
Capital and Facility Lease Obligations
2019
 
$
10.4

 
$
26.4

2020
 
3.8

 
28.4

2021
 
3.4

 
27.9

2022
 
2.2

 
7.0

2023
 
1.5

 

Thereafter
 
4.1

 

 
 
$
25.4

 
$
89.7


Schedule of future minimum noncancelable lease commitments
As of December 31, 2018, the estimated future minimum noncancelable lease commitments, excluding the purchase price we would be obligated to pay if we were to exercise our option to purchase the Facility, were as follows:
 
 
Operating Leases
 
Capital and Facility Lease Obligations
2019
 
$
10.4

 
$
26.4

2020
 
3.8

 
28.4

2021
 
3.4

 
27.9

2022
 
2.2

 
7.0

2023
 
1.5

 

Thereafter
 
4.1

 

 
 
$
25.4

 
$
89.7