XML 27 R33.htm IDEA: XBRL DOCUMENT v3.19.3
Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Lease Expense, Term and Discount Rate
The components of lease expense are as follows:
 
Three Months
Ended
September 30,
 
Nine Months
Ended
September 30,
In millions
2019
 
2019
Operating lease expense
$
13.6

 
$
40.4

Finance lease expense amortization of leased assets
0.3

 
0.9

Short-term and variable lease expense
0.2

 
0.5

Sublease income
(0.1
)
 
(0.4
)
Total
$
14.0

 
$
41.4


The following table summarizes the remaining lease term and discount rate assumptions used to develop the present value of lease liabilities:
 
September 30,
 
2019
Weighted-average remaining lease term (years)
 
     Operating leases
8.1

     Finance leases
5.4

Weighted-average discount rate
 
     Operating leases
3.0
%
     Finance leases
1.4
%

Maturity of Operating Lease Liabilities
Scheduled payments of lease liabilities are as follows:
In millions
Operating Leases
 
Finance
Leases
 
Total
Remaining 2019
$
12.9

 
$
0.1

 
$
13.0

2020
48.0

 
0.4

 
48.4

2021
40.3

 
0.2

 
40.5

2022
33.3

 
0.1

 
33.4

2023
28.6

 
0.1

 
28.7

Thereafter
126.1

 
0.4

 
126.5

Total lease payments
289.2

 
1.3

 
290.5

Less: Present value discount
(30.2
)
 

 
(30.2
)
Present value lease liabilities
$
259.0

 
$
1.3

 
$
260.3


Maturity of Finance Lease Liabilities
Scheduled payments of lease liabilities are as follows:
In millions
Operating Leases
 
Finance
Leases
 
Total
Remaining 2019
$
12.9

 
$
0.1

 
$
13.0

2020
48.0

 
0.4

 
48.4

2021
40.3

 
0.2

 
40.5

2022
33.3

 
0.1

 
33.4

2023
28.6

 
0.1

 
28.7

Thereafter
126.1

 
0.4

 
126.5

Total lease payments
289.2

 
1.3

 
290.5

Less: Present value discount
(30.2
)
 

 
(30.2
)
Present value lease liabilities
$
259.0

 
$
1.3

 
$
260.3