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LEASES (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of supplemental balance sheet

The following table presents the supplemental balance sheet information related to leases as of June 30, 2021 and December 31, 2020, respectively (in millions):


	June 30,			December 31,
	2021			2020
Operating lease right of use assets	$	113.7		$	111.0
Total leased assets	$	113.7		$	111.0

Accrued liabilities	$	13.5		$	12.5
Non-current operating lease liabilities		134.0			132.1
Total leased liabilities	$	147.5		$	144.6

Schedule of lease cost and other information

The following table presents operating lease costs and other information as of and for the three and six months ended June 30, 2021 and 2020, respectively (in millions, except as stated):


	Three Months Ended June 30,								Six Months Ended June 30,
	2021				2020				2021				2020
Operating lease costs (1)	$	6.3			$	5.0			$	12.5			$	9.8

Lease term and discount rate information:
Weighted average remaining lease term (years)										11.5				12.8
Weighted average discount rate										3.3	%			3.4	%

Supplemental cash flow information and non-cash activity:
Cash paid for amounts included in the measurement of lease liabilities	$	8.6			$	2.6			$	12.7			$	5.4
Lease incentive for leasehold improvements		—				4.8				—				25.2
Right-of-use assets obtained in exchange for lease liabilities		9.7				6.7				10.7				70.9

(1)	Includes short-term lease and variable lease costs, which are immaterial.

Schedule of maturities of lease liabilities

The maturities of the lease liabilities are as follows as of June 30, 2021 (in millions):


		June 30,
		2021
Remainder of 2021		$	8.0
2022			17.9
2023			18.1
2024			13.1
2025			12.8
After 2025			110.4
Total lease payments (1)		$	180.3
Less: Interest			(32.8)
Present value of lease liabilities		$	147.5

(1)	Total lease payments include $20.4 million related to options to extend lease terms that are reasonably certain of being exercised.