Leases (Tables)

6 Months Ended

Jun. 30, 2019

The components of lease expense were as follows:


( in millions )	Three Months Ended June 30		Six Months Ended June 30
	2019		2019
Finance lease cost:
Amortization of right-of-use assets	$	0.4	$	1.0
Interest on lease liabilities		0.0		0.0
Total finance lease cost		0.4		1.0
Operating lease cost		3.0		6.0
Short-term lease cost		0.5		0.9
Variable lease cost		0.1		0.2
Sub-lease income		0.0		0.0

Total finance lease cost	$	4.0	$	8.1

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:


( in millions )	Three Months Ended June 30		Six Months Ended June 30
	2019		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3.4	$	6.9
Operating cash flows from finance leases		0.5		1.1
Financing cash flows from finance leases		0.0		0.0

Right-of-use assets obtained in exchange for new lease obligations:
Operating leases		1.1	$	1.9
Finance leases	$	0.0		0.0

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:


( in millions except lease term and discount rate )	June 30 2019
Operating leases:
Operating lease right-of-use assets	$	36.0

Current portion of operating lease liabilities	$	11.6
Operating lease liabilities, net of current portion		24.4

Total operating lease liabilities	$	36.0

Finance leases:
Property, plant and equipment at cost	$	10.8
Accumulated depreciation		(8.4	)

Net property, plant and equipment, net	$	2.4

Current portion of finance leases	$	1.3
Finance leases, net of current portion		0.9

Total finance lease liabilities	$	2.2

Weighted average remaining lease term:
Operating leases		3.6 years
Finance leases		2.0 years
Weighted average discount rate:
Operating leases		3.1	%
Finance leases		2.4	%

Maturities of Lease Liabilities

Maturities of lease liabilities were as follows as at June 30, 2019:


( in millions )	Operating leases			Finance leases
Within one year	$	11.6		$	1.3
Year two		8.9			0.7
Year three		7.2			0.2
Year four		4.6			0.1
Year five		3.0			0.0
Thereafter		3.2			0.0

Total lease payments		38.5			2.3
Less imputed interest		(2.5	)		(0.1	)

Total	$	36.0		$	2.2

Future lease payments for all noncancelable operating and finance leases as of December 31, 2018 are as follows, as accounted for under the previous lease standard, ASC 840. As such the amounts are not directly comparable to those included above.


(in millions)	Operating leases		Finance leases
Within one year	$	6.5	$	1.8
Year two		4.5		1.0
Year three		3.2		0.4
Year four		2.3		0.1
Year five		2.1		0.0
Thereafter		4.4		0.0

Total lease payments	$	23.0	$	3.3