Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
 6 Months Ended
Nov. 30, 2019
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases

$ in millions

November 30, 2019

Operating lease right-of-use assets, net of accumulated amortization

$

119.2

Operating lease liabilities, current(1)

38.1

Operating lease liabilities, non-current

100.1

Weighted average remaining lease term (in years)

4.45

Weighted average discount rate

2.02%

(1) The current portion of operating lease liabilities is reported in the other current liabilities line item on the Company’s Consolidated Balance Sheets. 

Components of Lease Expense

For the

For the

three months ended

six months ended

$ in millions

November 30, 2019

November 30, 2019

Fixed payment operating lease expense

$

9.6

$

19.7

Variable payment operating lease expense

—

—

Short-term lease expense

0.1

0.2
Supplemental Cash Flow Information Related to Leases

For the

six months ended

$ in millions

November 30, 2019

Cash paid for amounts included in the measurement of lease liabilities

$

20.9

Amortization of ROU assets

17.5

ROU assets obtained in exchange for new operating lease liabilities

14.2
Future Lease Payments

November 30,

May 31,

In millions

2019

2019(1)

2020

$

20.9

$

37.7

2021

38.3

29.9

2022

29.0

21.3

2023

20.9

13.8

2024

16.3

10.5

Thereafter

19.4

10.7

Total future lease payments

144.8

123.9

Less: imputed interest

6.6

—

Total operating lease liabilities

$

138.2

$

—

Current portion

$

38.1

$

—

Non-current portion

$

100.1

$

—

(1)Presented in accordance with legacy GAAP, ASC Topic 840, Leases.