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LEASES: (Tables)
12 Months Ended
Dec. 31, 2019
LEASES:  
Schedule of the operating lease expense recognized

The operating lease expense recognized in the twelve months ended December 31, 2019 was classified as follows (in millions):

Classification

    

2019

Cost of sales (exclusive of depreciation, amortization and depletion)

 

$

114.4

Selling, general and administrative

 

0.2

Exploration

 

0.2

Total lease expense

 

$

114.8

Schedule of Maturities of lease liabilities

Lease liabilities

Year

    

(in millions)

2020

 

$

116.1

2021

 

116.0

2022

 

112.9

2023

 

111.6

2024

 

103.6

After 2024

 

826.3

Total lease payments

 

$

1,386.5

Less: interest on lease liabilities

 

(340.1)

Present value of lease payments

 

$

1,046.4