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LEASES (Tables)

3 Months Ended

Mar. 31, 2019

The components of net lease cost were as follows:

In millions
	Three Months Ended March 31, 2019
Operating lease cost	$	29.2
Finance lease cost
Amortization of leased assets		1.1
Interest on lease liabilities		0.2
Net lease cost ⁽¹⁾	$	30.5

⁽¹⁾

^{Short-term lease cost, variable lease cost and sublease income were not significant during the period.}

Supplemental cash flow information related to leases was as follows:

In millions
	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(29.3	)
Operating cash flows from finance leases		(0.2	)
Financing cash flows from finance leases	$	(0.8	)

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	29.2
Finance leases	$	-

Information regarding lease terms and discount rates is as follows:

In millions
	March 31, 2019
Weighted average remaining lease term (years):
Operating leases		6.0
Finance leases		6.5
Weighted average discount rate:
Operating leases		3.9	%
Finance leases		5.9	%

Maturities of lease liabilities were as follows:

In millions
	Operating Leases		Finance Leases
2019 (remaining 9 months)	$	81.8	$	3.7
2020		91.9		5.3
2021		73.7		2.5
2022		54.8		2.2
2023		40.0		2.0
thereafter		95.3		5.8
Total lease payments		437.5		21.5
Less: interest		47.1		2.8
Present value of lease liabilities	$	390.4	$	18.7