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Leases (Tables)

9 Months Ended

Jun. 30, 2020

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

	Three Months Ended June 30, 2020		Nine Months Ended June 30, 2020
Operating lease cost	$	13.6	$	42.4
Variable lease cost		12.0		33.8
Short-term lease cost		1.7		3.5

Summary of Supplemental Information Related to Operating Leases

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

	Balance Sheet Classification	June 30, 2020
Operating leases
Lease ROU assets	Other long-term assets	$	158.2
Current lease liabilities	Other current liabilities		45.5
Long-term lease liabilities	Other long-term liabilities		116.0

Weighted average remaining lease term		6 years

Weighted average discount rates			2.9	%

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):

	June 30, 2020
	Access Equipment		Defense		Fire & Emergency		Commercial		Corporate and intersegment eliminations		Total
Real estate leases	$	66.3	$	28.9	$	6.9	$	18.5	$	7.2	$	127.8
Equipment leases		7.8		4.6		2.4		2.5		13.1		30.4
	$	74.1	$	33.5	$	9.3	$	21.0	$	20.3	$	158.2

Schedule of Maturities and Minimum Payments of Operating Lease Liabilities

Maturities of operating lease liabilities at June 30, 2020 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 three months of 2020	$	13.5
2021		46.0
2022		34.0
2023		23.1
2024		15.7
2025		11.2
Thereafter		31.5
Total lease payments		175.0
Less: imputed interest		(13.5	)
Present value of lease liability	$	161.5

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