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LEASES (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Components of Net Lease Cost

The components of net lease cost were as follows:

 

In millions

 

 

Three Months Ended June 30, 2019

 

 

Six Months Ended June 30, 2019

 

Operating lease cost

$

28.7

 

 

$

57.9

 

Finance lease cost

 

 

 

 

 

 

 

Amortization of leased assets

 

0.5

 

 

 

1.6

 

Interest on lease liabilities

 

0.2

 

 

 

0.4

 

Net lease cost

$

29.4

 

 

$

59.9

 

Schedule of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases was as follows:

 

In millions

 

 

Six Months Ended June 30, 2019

 

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

 

 

 

Operating cash flows from operating leases

$

59.5

 

Operating cash flows from finance leases

 

0.4

 

Financing cash flows from finance leases

 

1.3

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

Operating leases

 

82.8

 

Finance leases

 

-

 

 

Schedule Of Information Regarding Lease Terms and Discount Rates

Information regarding lease terms and discount rates is as follows:

 

In millions

 

 

June 30, 2019

 

Weighted average remaining lease term (years):

 

 

 

Operating leases

 

6.7

 

Finance leases

 

6.1

 

Weighted average discount rate:

 

 

 

Operating leases

 

4.0

%

Finance leases

 

5.0

%

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2019, were as follows:

 

In millions

 

 

Operating leases

 

 

Finance leases

 

2019

$

55.1

 

 

$

3.0

 

2020

 

95.8

 

 

 

5.9

 

2021

 

78.8

 

 

 

2.5

 

2022

 

60.9

 

 

 

2.3

 

2023 and thereafter

 

171.5

 

 

 

7.9

 

Total lease payments

 

462.1

 

 

 

21.6

 

Less: Interest

 

55.4

 

 

 

3.1

 

Present value of lease liabilities

$

406.7

 

 

$

18.5