Leases (Tables)

3 Months Ended

Mar. 31, 2019

The following table summarizes the components of lease right-of-use assets and liabilities:



(in millions)	March 31, 2019		Affected Line Item in Condensed Consolidated Balance Sheets
Assets
Operating lease right-of-use assets	$	25.5	Operating lease right-of-use assets
Finance lease right-of-use assets	1.0		Properties and equipment, net of accumulated depreciation
Total lease right-of-use assets	$	26.5

Liabilities
Current:
Operating leases	$	6.8	Other current liabilities
Finance leases	0.2		Current portion of long-term borrowings and finance lease obligations
Noncurrent:
Operating leases	21.0		Long-term operating lease liabilities
Finance leases	0.4		Long-term borrowings and finance lease obligations
Total lease liabilities	$	28.4

The following table summarizes the Company’s total lease costs and other information arising from operating lease transactions:



($ in millions)	Three Months Ended March 31, 2019
Total operating lease costs ^(a)	$	2.8

Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2.0
Weighted-average remaining lease term – Operating leases	4.2 years
Weighted-average discount rate – Operating leases	4.0		%


(a)	Includes short-term leases, which are immaterial.

Maturities of operating lease liabilities as of March 31, 2019 were as follows:



(in millions)	March 31, 2019
2019 (excluding the three months ended March 31, 2019)	$	5.9
2020	7.4
2021	6.6
2022	5.9
2023	3.4
Thereafter	1.2
Total lease payments	$	30.4
Less: Imputed interest	2.6
Present value of operating lease liabilities	$	27.8