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Leases
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Leases LEASESEffective January 1, 2019, the Company adopted ASC 842, which requires recognition of a right-of-use asset and lease liability for all leases at the commencement date based on the present value of lease payments over the lease term. Additional qualitative and quantitative disclosures regarding the Company's leasing arrangements are also required. The Company adopted ASC 842 prospectively and elected the package of transition practical expedients that does not require reassessment of: (1) whether any existing or expired contracts are or contain leases, (2) lease classification and (3) initial direct costs. In addition, the Company has elected other available practical expedients to not separate lease and nonlease components, which consist principally of common area maintenance charges, for all classes of underlying assets and to exclude leases with an initial term of 12 months or less.
The Company determines if a contract is or contains a lease at inception. The Company has operating and finance leases for warehouses, corporate and regional offices, and machinery and equipment. The Company enters into lease contracts ranging from one to 25 years with the majority of leases having terms of three to seven years, many of which include options to extend in various increments. Variable lease costs consist primarily of variable warehousing costs, common area maintenance, taxes, and insurance. The Company’s leases do not have any significant residual value guarantees or restrictive covenants.

As the implicit rate is not readily determinable for most of the Company’s leases agreements, the Company uses an estimated incremental borrowing rate to determine the initial present value of lease payments. These discount rates for leases are calculated using the Company's credit spread adjusted for current market factors, including fixed rate swaps, LIBOR, and foreign currency rates.

The components of lease costs are as follows:

Twelve Months Ended
In millionsDecember 31, 2019
Finance lease costs:
Amortization of right-of-use asset  $7.6  
Interest on lease liabilities  7.8  
Operating lease costs  64.8  
Short-term lease costs  12.9  
Variable lease costs  4.4  
Total lease costs, net  $97.5  

Supplemental cash flow information related to leases was as follows:

Twelve Months Ended
In millionsDecember 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases  $64.7  
Operating cash flows from finance leases  7.8  
Financing cash flows from finance leases  4.2  
Right-of-use assets obtained in exchange for lease obligations:
Operating leases  73.1  
Finance leases  15.5  
Supplemental balance sheet information related to leases was as follows:

In millions, except lease term and discount rateBalance Sheet ClassificationDecember 31, 2019
Operating Leases:  
     Operating lease right-of-use asset  Other Assets  $202.8  
Current operating lease liabilities  Other Current Liabilities  $54.8  
Noncurrent operating lease liabilities  Other Noncurrent Liabilities  151.5  
     Total operating lease liabilities  $206.3  
Finance Leases:  
Property, Plant and Equipment  $142.1  
Accumulated depreciation  (12.2) 
    Property, Plant and Equipment, net  $129.9  
Current finance lease liabilities  Short-Term Debt and Current Portion of Long-Term Debt  $4.6  
Noncurrent finance lease liabilities  Long-Term Debt  129.6  
     Total finance lease liabilities  $134.2  
Weighted Average Remaining Lease Term (Years) 
     Operating leases  5
     Finance leases  17
Weighted Average Discount Rate  
     Operating leases  3.57 %
     Finance leases  5.60 %

Maturities of lease liabilities are as follows:

In millions
Year ending December 31,
Operating Leases  Finance Leases  
2020$60.8  $12.5  
202148.4  12.6  
202238.6  12.2  
202329.0  12.4  
202418.1  12.4  
Thereafter  30.7  158.2  
Total lease payments  225.6  220.3  
    Less imputed interest  (19.3) (86.1) 
Total  $206.3  $134.2  
Leases LEASESEffective January 1, 2019, the Company adopted ASC 842, which requires recognition of a right-of-use asset and lease liability for all leases at the commencement date based on the present value of lease payments over the lease term. Additional qualitative and quantitative disclosures regarding the Company's leasing arrangements are also required. The Company adopted ASC 842 prospectively and elected the package of transition practical expedients that does not require reassessment of: (1) whether any existing or expired contracts are or contain leases, (2) lease classification and (3) initial direct costs. In addition, the Company has elected other available practical expedients to not separate lease and nonlease components, which consist principally of common area maintenance charges, for all classes of underlying assets and to exclude leases with an initial term of 12 months or less.
The Company determines if a contract is or contains a lease at inception. The Company has operating and finance leases for warehouses, corporate and regional offices, and machinery and equipment. The Company enters into lease contracts ranging from one to 25 years with the majority of leases having terms of three to seven years, many of which include options to extend in various increments. Variable lease costs consist primarily of variable warehousing costs, common area maintenance, taxes, and insurance. The Company’s leases do not have any significant residual value guarantees or restrictive covenants.

As the implicit rate is not readily determinable for most of the Company’s leases agreements, the Company uses an estimated incremental borrowing rate to determine the initial present value of lease payments. These discount rates for leases are calculated using the Company's credit spread adjusted for current market factors, including fixed rate swaps, LIBOR, and foreign currency rates.

The components of lease costs are as follows:

Twelve Months Ended
In millionsDecember 31, 2019
Finance lease costs:
Amortization of right-of-use asset  $7.6  
Interest on lease liabilities  7.8  
Operating lease costs  64.8  
Short-term lease costs  12.9  
Variable lease costs  4.4  
Total lease costs, net  $97.5  

Supplemental cash flow information related to leases was as follows:

Twelve Months Ended
In millionsDecember 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases  $64.7  
Operating cash flows from finance leases  7.8  
Financing cash flows from finance leases  4.2  
Right-of-use assets obtained in exchange for lease obligations:
Operating leases  73.1  
Finance leases  15.5  
Supplemental balance sheet information related to leases was as follows:

In millions, except lease term and discount rateBalance Sheet ClassificationDecember 31, 2019
Operating Leases:  
     Operating lease right-of-use asset  Other Assets  $202.8  
Current operating lease liabilities  Other Current Liabilities  $54.8  
Noncurrent operating lease liabilities  Other Noncurrent Liabilities  151.5  
     Total operating lease liabilities  $206.3  
Finance Leases:  
Property, Plant and Equipment  $142.1  
Accumulated depreciation  (12.2) 
    Property, Plant and Equipment, net  $129.9  
Current finance lease liabilities  Short-Term Debt and Current Portion of Long-Term Debt  $4.6  
Noncurrent finance lease liabilities  Long-Term Debt  129.6  
     Total finance lease liabilities  $134.2  
Weighted Average Remaining Lease Term (Years) 
     Operating leases  5
     Finance leases  17
Weighted Average Discount Rate  
     Operating leases  3.57 %
     Finance leases  5.60 %

Maturities of lease liabilities are as follows:

In millions
Year ending December 31,
Operating Leases  Finance Leases  
2020$60.8  $12.5  
202148.4  12.6  
202238.6  12.2  
202329.0  12.4  
202418.1  12.4  
Thereafter  30.7  158.2  
Total lease payments  225.6  220.3  
    Less imputed interest  (19.3) (86.1) 
Total  $206.3  $134.2