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LEASES (Tables)

12 Months Ended

Dec. 31, 2023

The components of net lease cost were as follows:


In millions
	Year Ended December 31,
	2023		2022		2021
Operating lease cost	$	128.0	$	110.8	$	108.2
Finance lease cost:
Amortization of leased assets	2.6		3.2		3.4
Interest on lease liabilities	0.9		1.0		1.1
Net lease cost	$	131.5	$	115.0	$	112.7

Supplemental cash flow information related to leases was as follows:


In millions
	Year Ended December 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	126.9	$	109.7	$	107.1
Operating cash flows from finance leases (interest)	1.8		1.1		1.1
Financing cash flows from finance leases (principal)	2.7		3.1		3.9
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	178.2		165.2		96.8
Finance leases	0.7		—		0.5

Information regarding lease terms and discount rates were as follows:


In millions
	December 31,
	2023		2022
Weighted average remaining lease term (years):
Operating leases	5.6		5.7
Finance leases	16.2		15.6
Weighted average discount rate:
Operating leases	6.1	%	5.5	%
Finance leases	4.8	%	5.3	%

Maturities of lease liabilities as of December 31, 2023, were as follows:


In millions
	Operating Leases		Finance Leases
2024	$	129.4	$	3.3
2025	110.8		3.0
2026	89.6		2.3
2027	76.1		1.9
2028	62.5		0.7
Thereafter	100.9		17.3
Total lease payments	569.3		28.5
Less: Interest	85.0		12.2
Present value of lease liabilities	$	484.3	$	16.3

Maturities of lease liabilities as of December 31, 2023, were as follows:


In millions
	Operating Leases		Finance Leases
2024	$	129.4	$	3.3
2025	110.8		3.0
2026	89.6		2.3
2027	76.1		1.9
2028	62.5		0.7
Thereafter	100.9		17.3
Total lease payments	569.3		28.5
Less: Interest	85.0		12.2
Present value of lease liabilities	$	484.3	$	16.3