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LEASES (Tables)

12 Months Ended

Dec. 31, 2022

The components of net lease cost were as follows:


In millions
	Year Ended December 31,
	2022		2021		2020
Operating lease cost	$	110.8	$	108.2	$	114.2
Finance lease cost:
Amortization of leased assets	3.2		3.4		4.7
Interest on lease liabilities	1.0		1.1		1.9
Net lease cost	$	115.0	$	112.7	$	120.8

Supplemental cash flow information related to leases were as follows:


In millions
	Year Ended December 31,
	2022		2021		2020
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 leases	165.2		96.8		79.8
Finance leases	—		0.5		1.1

Information regarding lease terms and discount rates were as follows:


In millions
	December 31,
	2022		2021
Weighted average remaining lease term (years):
Operating leases	5.7		5.9
Finance leases	15.6		14.4
Weighted average discount rate:
Operating leases	5.5	%	4.2	%
Finance leases	5.3	%	5.2	%

Maturities of lease liabilities as of December 31, 2022, were as follows:


In millions
	Operating Leases		Finance Leases
2023	$	110.1	$	3.9
2024	99.8		2.7
2025	78.9		2.5
2026	57.7		2.2
2027	45.2		1.9
Thereafter	97.4		18.0
Total lease payments	489.1		31.2
Less: Interest	68.9		13.0
Present value of lease liabilities	$	420.2	$	18.2

Maturities of lease liabilities as of December 31, 2022, were as follows:


In millions
	Operating Leases		Finance Leases
2023	$	110.1	$	3.9
2024	99.8		2.7
2025	78.9		2.5
2026	57.7		2.2
2027	45.2		1.9
Thereafter	97.4		18.0
Total lease payments	489.1		31.2
Less: Interest	68.9		13.0
Present value of lease liabilities	$	420.2	$	18.2