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OTHER CURRENT AND NON-CURRENT ASSETS | 9 Months Ended
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Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
OTHER CURRENT AND NON-CURRENT ASSETS | OTHER CURRENT AND NON-CURRENT ASSETS
| September 30, 2020 |  | December 31, 2019
Asbestos-related assets(a) |  | $ | 91.0 |  |  |  |  | $ | 67.2 |  |
Advance payments and other prepaid expenses |  | 31.3 |  |  |  |  | 45.4 |  |
Current contract assets, net |  | 17.4 |  |  |  |  | 18.0 |  |
Prepaid income taxes |  | 30.6 |  |  |  |  | 20.6 |  |
Other |  | 1.5 |  |  |  |  | 2.2 |  |
Other current assets |  | $ | 171.8 |  |  |  |  | $ | 153.4 |  |
Other employee benefit-related assets |  | $ | 137.6 |  |  |  |  | $ | 133.6 |  |
Operating lease right-of-use assets |  | 87.9 |  |  |  |  | 91.7 |  |
Capitalized software costs |  | 25.2 |  |  |  |  | 30.1 |  |
Environmental-related assets |  | 19.6 |  |  |  |  | 22.2 |  |
Equity method investments |  | 10.0 |  |  |  |  | 9.8 |  |
Other |  | 25.8 |  |  |  |  | 29.1 |  |
Other non-current assets |  | $ | 306.1 |  |  |  |  | $ | 316.5 |  |
(a)The increase in asbestos-related assets as of September 30, 2020 primarily relates to a June 2020 settlement agreement with an insurer accelerating payments previously included in a buyout agreement. Refer to Note 19, Commitments and Contingencies, for further information. Subsequent Event In October 2020, we signed a lease to relocate our corporate headquarters to Stamford, Connecticut. We plan to move to the new location in early 2021. The lease has a fixed, noncancellable term of 12 years with two five-year renewal options. As a result, in the fourth quarter of 2020, we expect to recognize a non-cash operating lease right-of-use asset of approximately $10, within other non-current assets. The lease for our current corporate headquarters in White Plains, New York has a right-of-use asset of $4.1 as of September 30, 2020 and we are currently evaluating the accounting impact.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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