RENTALS AND LEASES (Tables)

12 Months Ended

Dec. 31, 2023

RENTALS AND LEASES

Schedule of operating lease cost

(millions)	2023		2022		2021
Operating lease cost*		$215.4		$196.9		$179.4

*Includes immaterial short-term and variable lease costs

Schedule of future maturity of operating lease liabilities

(millions)
2024	$147
2025	128
2026	101
2027	69
2028	39
Thereafter	148
Total lease payments	632
Less: imputed interest	80
Present value of lease liabilities	$552

Schedule of operating leases term and discount rate

	December 31			December 31			December 31
	2023			2022			2021
Weighted-average remaining lease terms (years)		6.44			6.71			5.99
Weighted-average discount rate		4.02	%		2.98	%		3.07	%

Schedule of other lease information

	December 31		December 31		December 31
(millions)	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$170.6		$157.3		$157.0
Leased assets obtained in exchange for new operating lease liabilities		251.5		202.7		116.8

Schedule of operating lease revenue

(millions)	2023		2022		2021
Operating lease revenue*		$511.8		$466.7		$412.5

Schedule of revenue from operating leases for existing contracts

Future revenue from operating leases for existing contracts as of December 31, 2023 were as follows:

(millions)
2024	$424
2025	304
2026	243
2027	168
2028	84
Thereafter	49
Total lease revenue	$1,272