Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Lease Expense, Term and Discount Rate

The components of lease expense are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2021		2020		2021		2020
Operating lease expense	$	14.3	$	14.1	$	28.5	$	28.8
Finance lease expense amortization of leased assets	0.2		0.3		0.2		0.6
Short-term and variable lease expense	0.2		—		0.3		0.1
Sublease income	(0.1)		(0.1)		(0.2)		(0.2)
Total	$	14.6	$	14.3	$	28.8	$	29.3

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

	June 30, 2021		December 31, 2020
Weighted-average remaining lease term (years)
Operating leases	7.2		7.4
Finance leases	3.5		4.5
Weighted-average discount rate
Operating leases	2.6	%	2.7	%
Finance leases	1.4	%	1.4	%

Maturity of Operating Lease Liabilities

Scheduled payments of lease liabilities are as follows:

In millions	Operating Leases		Finance Leases		Total
Remaining 2021	$	29.1	$	0.4	$	29.5
2022	53.9		0.7		54.6
2023	47.6		0.5		48.1
2024	42.4		0.2		42.6
2025	36.8		0.2		37.0
Thereafter	117.4		0.1		117.5
Total lease payments	327.2		2.1		329.3
Less: Present value discount	(27.2)		—		(27.2)
Present value of lease liabilities	$	300.0	$	2.1	$	302.1

Maturity of Finance Lease Liabilities

Scheduled payments of lease liabilities are as follows:

In millions	Operating Leases		Finance Leases		Total
Remaining 2021	$	29.1	$	0.4	$	29.5
2022	53.9		0.7		54.6
2023	47.6		0.5		48.1
2024	42.4		0.2		42.6
2025	36.8		0.2		37.0
Thereafter	117.4		0.1		117.5
Total lease payments	327.2		2.1		329.3
Less: Present value discount	(27.2)		—		(27.2)
Present value of lease liabilities	$	300.0	$	2.1	$	302.1