You can define the Cycle Time Report using the two options- Using Summary Data or Using Detail Data.

Using Summary Data

Select Agreements with Cycle Time Group Data object to define reports. Also, select Cycle Time Group and Duration fields.

Using Detail Data

Select Agreement with Cycle Time Field Data object to define reports. Also, select Cycle Time Field and Duration fields.

Excluding work-in-progress Records

Keep the following filter criteria for all of the reports: