v3.26.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Lease Assets and Liabilities, Weighted-Average Lease Term and Discount Rate
Lease right-of-use (ROU) assets and liabilities and the weighted-average lease terms and discount rates are as follows:
dollars in millionsClassification on the Balance SheetMarch 31
2026		December 31
2025		March 31
2025
Assets 1
Operating lease ROU assets$686.0 $674.2 $711.9 
Accumulated amortization(160.1)(152.7)(145.9)
Operating leases, netOperating lease right-of-use assets, net525.9 521.5 566.0 
Finance lease ROU assets23.8 35.3 52.2 
Accumulated depreciation(11.6)(18.6)(23.8)
Finance leases, netProperty, plant & equipment, net12.2 16.7 28.4 
Total lease assets$538.1 $538.2 $594.4 
Liabilities 1
Current
Operating leases
Other current liabilities$45.6 $44.5 $51.2 
Finance leases
Other current liabilities4.3 5.8 10.7 
Noncurrent
Operating leases
Noncurrent operating lease liabilities525.8 522.6 556.1 
Finance leases
Other noncurrent liabilities5.6 5.0 6.9 
Total lease liabilities$581.3 $577.9 $624.9 
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases18.818.918.7
Finance leases2.52.42.1
Weighted-average discount rate
Operating leases4.8%4.8%4.7%
Finance leases4.4%4.0%3.4%
1.Balances at March 31, 2026 and December 31, 2025 exclude lease assets and liabilities classified as held for sale as detailed in Note 16.
Schedule of Components of Lease Expense
The components of lease expense are as follows:
Three Months Ended
March 31
in millions20262025
Finance lease cost
Depreciation of right-of-use assets$1.7 $2.1 
Interest on lease liabilities0.1 0.2 
Operating lease cost20.7 20.4 
Short-term lease cost 1
10.4 12.1 
Variable lease cost4.8 4.0 
Sublease income(1.0)(0.9)
Sale and leaseback gain0.0 (4.6)
Total lease expense$36.7 $33.3 
1.Includes the cost of leases with an initial term of one year or less (including those with terms of one month or less).