Leases (Tables)

12 Months Ended

Dec. 31, 2020

The following table provides our expected operating and finance lease payments at December 31, 2020.


Maturity of Operating and Finance Lease Liabilities
(In millions)	Operating Leases		Finance Leases
2021	$	5.8	$	0.1
2022	5.7		0.1
2023	5.8		0.1
2024	5.9		0.1
2025	5.4		0.1
Thereafter	41.2		—
Total lease payments	$	69.8	$	0.5
Less: Interest	(13.2)		—
Present Value of Lease Liabilities	$	56.6	$	0.5

Schedule of Finance Lease Maturities

The following table provides our expected operating and finance lease payments at December 31, 2020.


Maturity of Operating and Finance Lease Liabilities
(In millions)	Operating Leases		Finance Leases
2021	$	5.8	$	0.1
2022	5.7		0.1
2023	5.8		0.1
2024	5.9		0.1
2025	5.4		0.1
Thereafter	41.2		—
Total lease payments	$	69.8	$	0.5
Less: Interest	(13.2)		—
Present Value of Lease Liabilities	$	56.6	$	0.5

Schedule of Assets and Liabilities Lessee

The following table provides balance sheet location and amounts for finance leases, weighted average remaining lease term and weighted average discount rates for operating and finance leases.


Supplemental Balance Sheet Information for Finance Leases
($ in millions)	2020			2019
Finance leases
Property, plant and equipment, at original cost	$	0.4		n/a
Accumulated depreciation and amortization	$	—		n/a
Net property, plant and equipment	$	0.4		n/a
Current finance lease liability included in "Current liabilities-Other"	$	0.1		n/a
Non-current finance lease liability included in "Long-term Debt"	$	0.3		n/a
Weighted average remaining lease term
Operating leases	12.4 years			13.3 years
Finance leases	4.9 years			n/a
Weighted average discount rate
Operating leases	3.27		%	3.32	%
Finance leases	1.69		%	n/a

Schedule of Lease Cost

The following table provides the components of lease expense.


Components of Lease Expense (b)
(In millions)	Calendar Years Ended December 31,
	2020		2019
Operating lease cost (a)
Rent expense	$	5.3	$	5.2
Variable lease cost	$	1.9	$	1.9
Total Operating lease cost	$	7.2	$	7.1

(a) Short-term lease cost for the periods was insignificant.

(b) Finance lease cost was insignificant.

The following table provides supplemental cash flow information related to operating and finance leases.


Supplemental Cash Flow Information
	Calendar Years Ended December 31,
($ in millions)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities (a)
Operating cash flows from operating leases	$	6.2	$	2.9


Right-of-use assets obtained in exchange for lease liabilities
Operating leases	$	1.6	$	1.5
Finance leases	$	0.4	n/a

(a) Operating and financing cash flows from finance leases were insignificant.

Schedule of Lessor Operating Lease Payment to be Received Maturity

The following table summarizes the future operating lease payments to be received associated with these leases:


Maturity of Operating Lease Payments(a)
(In millions)	December 31, 2020
2021	$	1.1
2022	0.8
2023	0.8
2024	0.7
2025	0.6
Thereafter	57.3
Total lease payments	$	61.3

(a) The payments are presented on an undiscounted basis

Schedule of Operating Lease, Lease Income

The following table provides the operating lease income recognized for the periods.


Operating Lease Revenue Recognized
($ in millions)	Calendar Years Ended December 31,
($ in millions)	2020		2019
Leasing revenue included in Operating Revenue	$	0.7	$	0.7
Lease revenue included in Other income (expense) — net	$	0.4	$	0.4
Total	$	1.1	$	1.1

WASHINGTON GAS LIGHT CO 10-K