Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Lease Expense, Term and Discount Rate

The components of lease expense are as follows:

	Three Months Ended March 31,
In millions	2020		2019
Operating lease expense	$	14.7	$	13.4
Finance lease expense amortization of leased assets	0.3		0.3
Short-term and variable lease expense	0.1		0.1
Sublease income	(0.1)		(0.1)
Total	$	15.0	$	13.7

The following table summarizes the remaining lease term and discount rate assumptions used to develop the present value of lease liabilities:

	March 31, 2020
Weighted-average remaining lease term (years)
Operating leases	7.7
Finance leases	5.0
Weighted-average discount rate
Operating leases	3.0	%
Finance leases	1.3	%

Maturity of Operating Lease Liabilities

Scheduled payments of lease liabilities are as follows:

In millions	Operating Leases		Finance Leases		Total
Remaining 2020	$	41.4	$	0.3	$	41.7
2021	47.6		0.2		47.8
2022	40.5		0.2		40.7
2023	34.5		0.2		34.7
2024	30.3		0.1		30.4
Thereafter	103.1		0.2		103.3
Total lease payments	297.4		1.2		298.6
Less: Present value discount	(27.9)		—		(27.9)
Present value lease liabilities	$	269.5	$	1.2	$	270.7

Maturity of Finance Lease Liabilities

Scheduled payments of lease liabilities are as follows:

In millions	Operating Leases		Finance Leases		Total
Remaining 2020	$	41.4	$	0.3	$	41.7
2021	47.6		0.2		47.8
2022	40.5		0.2		40.7
2023	34.5		0.2		34.7
2024	30.3		0.1		30.4
Thereafter	103.1		0.2		103.3
Total lease payments	297.4		1.2		298.6
Less: Present value discount	(27.9)		—		(27.9)
Present value lease liabilities	$	269.5	$	1.2	$	270.7