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

The components of net lease cost were as follows:

 

In millions

 

 

Three Months Ended September 30, 2019

 

 

Nine Months Ended September 30, 2019

 

Operating lease cost

$

27.7

 

 

$

85.6

 

Finance lease cost:

 

 

 

 

 

 

 

Amortization of leased assets

 

0.8

 

 

 

2.4

 

Interest on lease liabilities

 

0.2

 

 

 

0.6

 

Net lease cost

$

28.7

 

 

$

88.6

 

Schedule of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases was as follows:

 

In millions

 

 

Nine Months Ended September 30, 2019

 

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

 

 

 

Operating cash flows from operating leases

$

78.0

 

Operating cash flows from finance leases

 

0.4

 

Financing cash flows from finance leases

 

2.4

 

 

 

 

 

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

 

 

 

Operating leases

 

122.2

 

Finance leases

 

2.1

 

 

Schedule Of Information Regarding Lease Terms and Discount Rates

Information regarding lease terms and discount rates is as follows:

 

In millions

 

 

September 30, 2019

 

Weighted average remaining lease term (years):

 

 

 

Operating leases

 

6.3

 

Finance leases

 

6.2

 

Weighted average discount rate:

 

 

 

Operating leases

 

4.1

%

Finance leases

 

5.0

%

 

Schedule of Maturities of Lease Liabilities

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

 

In millions

 

 

Operating leases

 

 

Finance leases

 

2019

$

27.5

 

 

$

0.8

 

2020

 

99.8

 

 

 

3.3

 

2021

 

82.9

 

 

 

2.4

 

2022

 

65.1

 

 

 

2.5

 

2023 and thereafter

 

189.6

 

 

 

12.1

 

Total lease payments

 

464.9

 

 

 

21.1

 

Less: Interest

 

55.8

 

 

 

2.2

 

Present value of lease liabilities

$

409.1

 

 

$

18.9