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Leases (Tables)

6 Months Ended

Jun. 30, 2019

The components of lease expense are as follows (in millions):



	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Long-term operating lease cost	$	7.0		$	13.2
Short-term operating lease cost	2.2			5.3
Sublease income	(.4		)	(.7		)
Total operating lease cost	$	8.8		$	17.8

Supplemental balance sheet information related to our operating leases is as follows (in millions, except lease term and discount rate):



	June 30, 2019
Operating lease right-of-use assets⁽¹⁾	$	57.1

Current lease liability⁽¹⁾	$	21.5
Long-term lease liability⁽¹⁾	48.6
Total operating lease liabilities	$	70.1

Weighted-average remaining lease term (in years)	5.4

Weighted-average discount rate ⁽²⁾	8.00		%


⁽¹⁾	The right-of-use assets include $12.2 million assumed in the Rowan Transaction. The current and long-term lease liabilities include $3.9 million and $10.6 million, respectively, assumed in the Rowan Transaction.

⁽²⁾

Represents our estimated incremental borrowing cost on a secured basis for similar terms as the underlying leases.

Maturities of lease liabilities as of June 30, 2019 were as follows (in millions):



Year Ending December 31,	Total
2019 (excluding the six months ended June 30, 2019)	$	15.3
2020	19.5
2021	10.8
2022	9.9
2023	10.2
Thereafter	22.1
Total lease payments	$	87.8
Less imputed interest	(17.7		)
Total	$	70.1