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RENTALS AND LEASES (Tables)
12 Months Ended
Dec. 31, 2021
RENTALS AND LEASES  
Schedule of operating lease cost

(millions)

2021

2020

2019

Operating lease cost*

$179.4

$183.8

$179.8

*Includes immaterial short-term and variable lease costs

Schedule of future maturity of operating lease liabilities

(millions)

2022

 

138

2023

 

93

2024

 

64

2025

 

45

2026

29

Thereafter

 

81

Total lease payments

450

Less: imputed interest

52

Present value of lease liabilities

$ 398

Schedule of operating leases term and discount rate

December 31

December 31

December 31

2021

2020

2019

Weighted-average remaining lease terms (years)

5.99

5.52

5.83

Weighted-average discount rate

3.07%

3.72%

4.00%

Schedule of other lease information

December 31

December 31

December 31

(millions)

2021

2020

2019

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

$157.0

$164.2

$159.0

Leased assets obtained in exchange for new operating lease liabilities

116.8

60.4

116.5

Schedule of operating lease revenue

(millions)

2021

2020

2019

Operating lease revenue*

$412.5

$356.3

$412.7

Schedule of revenue from operating leases for existing contracts

Revenue from operating leases for existing contracts as of December 31, 2021 is as follows:

(millions)

2022

 

350

2023

 

253

2024

 

193

2025

 

119

2026

49

Thereafter

 

20

Total lease revenue

$ 984