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Leases | 9 Months Ended
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Feb. 29, 2020
Leases [Abstract] |
Leases | Note H: Leases The Company’s lease portfolio consists primarily of operating leases for office space and equipment and has remaining terms from less than one year up to nine year s, with contractual terms expiring from 2020 to 2029. Lease contracts may include one or more renewal options that allow the Company to extend the lease term, typically from one year to five year s per each renewal option. The exercise of lease options is generally at the discretion of the Company. None of the Company’s leases contain residual value guarantees, substantial restrictions, or covenants. Supplemental balance sheet information related to the Company’s leases were as follows:
$ in millions |  |  | February 29, 2020
Operating lease right-of-use assets, net of accumulated amortization |  | $ | 124.3
Operating lease liabilities, current(1) |  |  | 37.6
Operating lease liabilities, non-current |  |  | 105.1
Weighted average remaining lease term (in years) |  |  | 4.71
Weighted average discount rate |  |  | 2.06%
(1) The current portion of operating lease liabilities is reported in the other current liabilities line item on the Company’s Consolidated Balance Sheets. The components of lease expense were as follows:
|  |  | For the |  |  | For the
|  |  | three months ended |  |  | nine months ended
In millions |  |  | February 29, 2020 |  |  | February 29, 2020
Fixed payment operating lease expense |  | $ | 9.7 |  | $ | 29.4
Variable payment operating lease expense |  |  | — |  |  | —
Short-term lease expense |  |  | — |  |  | 0.2
Fixed payment lease expense was $42.9 million for fiscal 2019. Supplemental cash flow information related to the Company’s leases were as follows:
|  |  | For the
|  |  | nine months ended
In millions |  |  | February 29, 2020
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 31.4
Amortization of ROU assets |  |  | 26.4
ROU assets obtained in exchange for new operating lease liabilities |  |  | 18.0
Future lease payments are as follows:
|  | February 29, |  | May 31,
In millions |  | 2020 |  | 2019(1)
2020 |  | $ | 10.0 |  | $ | 37.7
2021 |  |  | 39.5 |  |  | 29.9
2022 |  |  | 31.2 |  |  | 21.3
2023 |  |  | 23.2 |  |  | 13.8
2024 |  |  | 18.4 |  |  | 10.5
Thereafter |  |  | 27.8 |  |  | 10.7
Total future lease payments |  |  | 150.1 |  |  | 123.9
Less: imputed interest |  |  | 7.4 |  |  | —
Total operating lease liabilities |  | $ | 142.7 |  | $ | —
Current portion |  | $ | 37.6 |  | $ | —
Non-current portion |  | $ | 105.1 |  | $ | —
(1)Presented in accordance with legacy GAAP, ASC Topic 840, Leases. As of February 29, 2020, the Company has no t entered into any lease agreements that have not yet commenced.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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