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v3.21.1

Leases (Tables) | 3 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Lease Expense, Term and Discount Rate | The components of lease expense are as follows:
| Three Months Ended March 31,
In millions | 2021 |  | 2020
Operating lease expense | $ | 14.2 |  |  | $ | 14.7 |
Finance lease expense amortization of leased assets | — |  |  | 0.3 |
Short-term and variable lease expense | 0.1 |  |  | 0.1 |
Sublease income | (0.1) |  |  | (0.1) |
Total | $ | 14.2 |  |  | $ | 15.0 |
The following table summarizes the remaining lease term and discount rate assumptions used to develop the present value of lease liabilities:
| March 31, 2021
Weighted-average remaining lease term (years) |
Operating leases | 7.8
Finance leases | 4.5
Weighted-average discount rate |
Operating leases | 2.7 | %
Finance leases | 1.5 | %
Maturity of Operating Lease Liabilities | Scheduled payments of lease liabilities are as follows:
In millions | Operating Leases |  | Finance Leases |  | Total
Remaining 2021 | $ | 42.8 |  |  | $ | 0.3 |  |  | $ | 43.1 |
2022 | 51.7 |  |  | 0.3 |  |  | 52.0 |
2023 | 45.6 |  |  | 0.2 |  |  | 45.8 |
2024 | 40.3 |  |  | 0.2 |  |  | 40.5 |
2025 | 34.8 |  |  | 0.1 |  |  | 34.9 |
Thereafter | 114.2 |  |  | 0.1 |  |  | 114.3 |
Total lease payments | 329.4 |  |  | 1.2 |  |  | 330.6 |
Less: Present value discount | (28.3) |  |  | — |  |  | (28.3) |
Present value of lease liabilities | $ | 301.1 |  |  | $ | 1.2 |  |  | $ | 302.3 |
Maturity of Finance Lease Liabilities | Scheduled payments of lease liabilities are as follows:
In millions | Operating Leases |  | Finance Leases |  | Total
Remaining 2021 | $ | 42.8 |  |  | $ | 0.3 |  |  | $ | 43.1 |
2022 | 51.7 |  |  | 0.3 |  |  | 52.0 |
2023 | 45.6 |  |  | 0.2 |  |  | 45.8 |
2024 | 40.3 |  |  | 0.2 |  |  | 40.5 |
2025 | 34.8 |  |  | 0.1 |  |  | 34.9 |
Thereafter | 114.2 |  |  | 0.1 |  |  | 114.3 |
Total lease payments | 329.4 |  |  | 1.2 |  |  | 330.6 |
Less: Present value discount | (28.3) |  |  | — |  |  | (28.3) |
Present value of lease liabilities | $ | 301.1 |  |  | $ | 1.2 |  |  | $ | 302.3 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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