XML 164 R37.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
LEASES (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Net Lease Cost

The components of net lease cost were as follows:

 

In millions

 

 

Year Ended December 31, 2019

 

Operating lease cost

$

117.2

 

Finance lease cost:

 

 

 

Amortization of leased assets

 

3.5

 

Interest on lease liabilities

 

1.0

 

Net lease cost

$

121.7

 

Schedule of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases was as follows:

 

In millions

 

 

Year Ended

December 31, 2019

 

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

 

 

 

Operating cash flows from operating leases

$

122.4

 

Operating cash flows from finance leases

 

0.9

 

Financing cash flows from finance leases

 

4.3

 

 

 

 

 

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

 

 

 

Operating leases

 

203.8

 

Finance leases

 

17.0

 

Schedule Of Information Regarding Lease Terms and Discount Rates

Information regarding lease terms and discount rates is as follows:

 

In millions

 

 

December 31, 2019

 

Weighted average remaining lease term (years):

 

 

 

Operating leases

 

6.4

 

Finance leases

 

15.3

 

Weighted average discount rate:

 

 

 

Operating leases

 

4.11

%

Finance leases

 

5.34

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2019, were as follows:

 

In millions

 

 

Operating leases

 

 

Finance leases

 

2020

$

112.6

 

 

$

6.5

 

2021

 

95.6

 

 

 

7.4

 

2022

 

77.3

 

 

 

3.1

 

2023

 

62.4

 

 

 

2.9

 

2024

 

51.3

 

 

 

2.6

 

Thereafter

 

109.0

 

 

 

12.0

 

Total lease payments

 

508.2

 

 

 

34.5

 

Less: Interest

 

57.3

 

 

 

4.1

 

Present value of lease liabilities

$

450.9

 

 

$

30.4

 

Schedule of Future Minimum Payments Under Operating Leases and Capital Leases

As of December 31, 2018, prior to the adoption of ASC 842, future minimum payments under operating leases having initial or non-cancelable lease terms in excess of one year, including leases with an inception date but not yet commenced, and payments due under capital leases were as follows:

 

In millions

 

 

Operating leases

 

 

Capital Leases

 

2019

$

107.0

 

 

$

5.4

 

2020

 

88.7

 

 

 

5.6

 

2021

 

72.7

 

 

 

2.6

 

2022

 

54.8

 

 

 

2.3

 

2023

 

40.0

 

 

 

2.1

 

Thereafter

 

128.7

 

 

 

5.9

 

Total lease payments

$

491.9

 

 

 

23.9

 

Less amounts representing interest

 

 

 

 

 

(3.6

)

Total lease payments

 

 

 

 

$

20.3