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LEASES (Tables)

12 Months Ended

Dec. 31, 2020

The components of net lease cost were as follows for the years ended December 31:


In millions
	2020		2019
Operating lease cost	$	114.2	$	117.2
Finance lease cost:
Amortization of leased assets	4.7		3.5
Interest on lease liabilities	1.9		1.0
Net lease cost	$	120.8	$	121.7

Supplemental cash flow information related to leases were as follows for the years ended December 31:


In millions
	2020		2019
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 leases	79.8		203.8
Finance leases	1.1		17.0

Information regarding lease terms and discount rates as of December 31 were as follows:


In millions
	2020		2019
Weighted average remaining lease term (years):
Operating leases	6.1		6.4
Finance leases	14.4		15.3
Weighted average discount rate:
Operating leases	4.07	%	4.11	%
Finance leases	5.15	%	5.34	%

Maturities of lease liabilities as of December 31, 2020, were as follows:


In millions
	Operating leases		Finance leases
2021	$	86.2	$	3.7
2022	83.8		3.7
2023	67.7		4.0
2024	58.0		2.8
2025	39.6		2.5
Thereafter	100.6		23.3
Total lease payments	435.9		40.0
Less: Interest	50.8		15.2
Present value of lease liabilities	$	385.1	$	24.8

Maturities of lease liabilities as of December 31, 2020, were as follows:


In millions
	Operating leases		Finance leases
2021	$	86.2	$	3.7
2022	83.8		3.7
2023	67.7		4.0
2024	58.0		2.8
2025	39.6		2.5
Thereafter	100.6		23.3
Total lease payments	435.9		40.0
Less: Interest	50.8		15.2
Present value of lease liabilities	$	385.1	$	24.8