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LEASES
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
LEASES LEASES
The Company has operating leases for fleet vehicles, transfer sites, processing facilities, corporate and regional offices, and certain equipment.
The components of net lease cost were as follows:
In millions
Year Ended December 31,
202220212020
Operating lease cost$110.8 $108.2 $114.2 
Finance lease cost:
Amortization of leased assets3.2 3.4 4.7 
Interest on lease liabilities1.0 1.1 1.9 
Net lease cost$115.0 $112.7 $120.8 
Short-term lease costs were $25.6 million for the year ended December 31, 2022. Variable lease cost and sublease income were not material during the years ended December 31, 2022, and 2021.
Supplemental cash flow information related to leases were as follows:
In millions
Year Ended December 31,
202220212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$109.7 $107.1 $117.1 
Operating cash flows from finance leases (interest)1.1 1.1 1.9 
Financing cash flows from finance leases (principal)3.1 3.9 4.3 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases165.2 96.8 79.8 
Finance leases— 0.5 1.1 
Finance lease assets, net of accumulated amortization, were $14.0 million and $19.5 million as of December 31, 2022, and 2021, respectively, and are included in Property, Plant and Equipment, net on the Consolidated Balance Sheet.
Information regarding lease terms and discount rates were as follows:
In millions
December 31,
20222021
Weighted average remaining lease term (years):
Operating leases5.75.9
Finance leases15.614.4
Weighted average discount rate:
Operating leases5.5 %4.2 %
Finance leases5.3 %5.2 %
Maturities of lease liabilities as of December 31, 2022, were as follows:
In millions
Operating LeasesFinance Leases
2023$110.1 $3.9 
202499.8 2.7 
202578.9 2.5 
202657.7 2.2 
202745.2 1.9 
Thereafter97.4 18.0 
Total lease payments489.1 31.2 
Less: Interest68.9 13.0 
Present value of lease liabilities$420.2 $18.2 
LEASES LEASES
The Company has operating leases for fleet vehicles, transfer sites, processing facilities, corporate and regional offices, and certain equipment.
The components of net lease cost were as follows:
In millions
Year Ended December 31,
202220212020
Operating lease cost$110.8 $108.2 $114.2 
Finance lease cost:
Amortization of leased assets3.2 3.4 4.7 
Interest on lease liabilities1.0 1.1 1.9 
Net lease cost$115.0 $112.7 $120.8 
Short-term lease costs were $25.6 million for the year ended December 31, 2022. Variable lease cost and sublease income were not material during the years ended December 31, 2022, and 2021.
Supplemental cash flow information related to leases were as follows:
In millions
Year Ended December 31,
202220212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$109.7 $107.1 $117.1 
Operating cash flows from finance leases (interest)1.1 1.1 1.9 
Financing cash flows from finance leases (principal)3.1 3.9 4.3 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases165.2 96.8 79.8 
Finance leases— 0.5 1.1 
Finance lease assets, net of accumulated amortization, were $14.0 million and $19.5 million as of December 31, 2022, and 2021, respectively, and are included in Property, Plant and Equipment, net on the Consolidated Balance Sheet.
Information regarding lease terms and discount rates were as follows:
In millions
December 31,
20222021
Weighted average remaining lease term (years):
Operating leases5.75.9
Finance leases15.614.4
Weighted average discount rate:
Operating leases5.5 %4.2 %
Finance leases5.3 %5.2 %
Maturities of lease liabilities as of December 31, 2022, were as follows:
In millions
Operating LeasesFinance Leases
2023$110.1 $3.9 
202499.8 2.7 
202578.9 2.5 
202657.7 2.2 
202745.2 1.9 
Thereafter97.4 18.0 
Total lease payments489.1 31.2 
Less: Interest68.9 13.0 
Present value of lease liabilities$420.2 $18.2