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LEASES
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
LEASES LEASES
The Company has operating leases for vehicles, transfer sites, processing facilities, communication centers, corporate and regional offices, and certain equipment.
The components of net lease cost were as follows for the years ended December 31:
In millions
20202019
Operating lease cost$114.2 $117.2 
Finance lease cost:
Amortization of leased assets4.7 3.5 
Interest on lease liabilities1.9 1.0 
Net lease cost$120.8 $121.7 
Short-term lease cost, variable lease cost, and sublease income were not significant during the years ended December 31, 2020 and 2019.
Supplemental cash flow information related to leases were as follows for the years ended December 31:
In millions
20202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$117.1 $122.4 
Operating cash flows from finance leases (interest)1.9 0.9 
Financing cash flows from finance leases (principle)4.3 4.3 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases79.8 203.8 
Finance leases1.1 17.0 
Finance lease assets, net of accumulated amortization, were $24.8 million and $30.1 million as of December 31, 2020 and 2019, respectively, and are included in Property, Plant and Equipment, net on the Consolidated Balance Sheet.
Information regarding lease terms and discount rates as of December 31 were as follows:
In millions
20202019
Weighted average remaining lease term (years):
Operating leases6.16.4
Finance leases14.415.3
Weighted average discount rate:
Operating leases4.07 %4.11 %
Finance leases5.15 %5.34 %
Maturities of lease liabilities as of December 31, 2020, were as follows:
In millions
Operating leasesFinance leases
2021$86.2 $3.7 
202283.8 3.7 
202367.7 4.0 
202458.0 2.8 
202539.6 2.5 
Thereafter100.6 23.3 
Total lease payments435.9 40.0 
Less: Interest50.8 15.2 
Present value of lease liabilities$385.1 $24.8 
As of December 31, 2020, the Company had additional operating leases of $1.6 million which have not yet commenced.  These operating leases are expected to commence in fiscal year 2021 with lease terms of 10 years.
LEASES LEASES
The Company has operating leases for vehicles, transfer sites, processing facilities, communication centers, corporate and regional offices, and certain equipment.
The components of net lease cost were as follows for the years ended December 31:
In millions
20202019
Operating lease cost$114.2 $117.2 
Finance lease cost:
Amortization of leased assets4.7 3.5 
Interest on lease liabilities1.9 1.0 
Net lease cost$120.8 $121.7 
Short-term lease cost, variable lease cost, and sublease income were not significant during the years ended December 31, 2020 and 2019.
Supplemental cash flow information related to leases were as follows for the years ended December 31:
In millions
20202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$117.1 $122.4 
Operating cash flows from finance leases (interest)1.9 0.9 
Financing cash flows from finance leases (principle)4.3 4.3 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases79.8 203.8 
Finance leases1.1 17.0 
Finance lease assets, net of accumulated amortization, were $24.8 million and $30.1 million as of December 31, 2020 and 2019, respectively, and are included in Property, Plant and Equipment, net on the Consolidated Balance Sheet.
Information regarding lease terms and discount rates as of December 31 were as follows:
In millions
20202019
Weighted average remaining lease term (years):
Operating leases6.16.4
Finance leases14.415.3
Weighted average discount rate:
Operating leases4.07 %4.11 %
Finance leases5.15 %5.34 %
Maturities of lease liabilities as of December 31, 2020, were as follows:
In millions
Operating leasesFinance leases
2021$86.2 $3.7 
202283.8 3.7 
202367.7 4.0 
202458.0 2.8 
202539.6 2.5 
Thereafter100.6 23.3 
Total lease payments435.9 40.0 
Less: Interest50.8 15.2 
Present value of lease liabilities$385.1 $24.8 
As of December 31, 2020, the Company had additional operating leases of $1.6 million which have not yet commenced.  These operating leases are expected to commence in fiscal year 2021 with lease terms of 10 years.