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Leases (Tables)

3 Months Ended

Dec. 31, 2019

The components of lease costs were as follows (in millions):

	Three Months Ended December 31, 2019
Operating lease cost	$	13.8
Variable lease cost		3.8
Short-term lease cost		1.1

Summary of Supplemental Information Related to Operating Leases

Supplemental information related to operating leases was as follows (in millions):

	Balance Sheet Classification	December 31, 2019
Operating leases
Lease ROU assets	Other long-term assets	$	172.0
Current lease liabilities	Other current liabilities		46.6
Long-term lease liabilities	Other long-term liabilities		126.7

Weighted average remaining lease term		6 years

Weighted average discount rates			3.0	%

Summary Right of Use Assets Balance for Operating Leases by Segment

The table below presents the ROU asset balance for operating leases disaggregated by segment and type of lease (in millions):

	December 31, 2019
	Access equipment		Defense		Fire & emergency		Commercial		Corporate and intersegment eliminations		Total
Real estate leases	$	67.1	$	32.1	$	8.1	$	21.2	$	9.2	$	137.7
Equipment leases		8.9		5.3		3.1		1.7		15.3		34.3
	$	76.0	$	37.4	$	11.2	$	22.9	$	24.5	$	172.0

Schedule of Maturities and Minimum Payments of Operating Lease Liabilities

Maturities of operating lease liabilities at December 31, 2019 and minimum payments for operating leases (under ASC 842) having initial or remaining non-cancelable terms in excess of one year were as follows (in millions):

Amounts due in
Remaining nine months of 2020	$	39.0
2021		43.7
2022		28.8
2023		21.8
2024		14.9
2025		11.1
Thereafter		29.8
Total lease payments		189.1
Less: imputed interest		(15.8	)
Present value of lease liability	$	173.3

Schedule of Operating Leases Future Minimum Payments

At September 30, 2019, future minimum operating lease payments (under ASC 840) were as follows (in millions):

Amounts due in
2020	$	34.0
2021		26.7
2022		15.9
2023		11.3
2024		7.1
Thereafter		11.7