LEASES (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Lease Assets and Liabilities, Weighted-Average Lease Term and Discount Rate

Lease right-of-use (ROU) assets and liabilities reflected on our December 31 balance sheets (which exclude assets and liabilities classified as held for sale as detailed in Note 19) and the weighted-average lease terms and discount rates are as follows:



dollars in millions	Classification on the Balance Sheet	2025			2024

Assets
Operating lease ROU assets		$	674.2		$	673.2
Accumulated amortization		(152.7)			(146.8)
Operating leases, net	Operating lease right-of-use assets, net	521.5			526.4
Finance lease ROU assets		35.3			54.7
Accumulated depreciation		(18.6)			(24.3)
Finance leases, net	Property, plant & equipment, net	16.7			30.4
Total lease assets		$	538.2		$	556.8
Liabilities
Current
Operating	Other current liabilities	$	44.5		$	49.3
Finance	Other current liabilities	5.8			10.7
Noncurrent
Operating	Noncurrent operating lease liabilities	522.6			521.4
Finance	Other noncurrent liabilities	5.0			9.7
Total lease liabilities		$	577.9		$	591.1
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases		18.9			18.9
Finance leases		2.4			2.2
Weighted-average discount rate
Operating leases		4.8		%	4.5		%
Finance leases		4.0		%	3.2		%

Schedule of Components of Lease Expense

The components of lease expense are as follows:



in millions	2025		2024		2023

Finance lease cost
Depreciation of right-of-use assets	$	8.0	$	9.5	$	12.8
Interest on lease liabilities	0.5		0.7		0.9
Operating lease cost	82.0		75.6		77.5
Short-term lease cost 1	47.5		46.9		50.4
Variable lease cost	19.2		20.6		23.5
Sublease income	(3.1)		(2.8)		(3.4)
Sale and leaseback gain	(4.6)		0.0		0.0
Total lease expense	$	149.5	$	150.5	$	161.7

1.Includes the cost of leases with an initial term of one year or less (including those with terms of one month or less).

Schedule of Maturity Analysis on an Undiscounted Basis

Maturity analysis on an undiscounted basis of our lease liabilities (see Note 12 for mineral lease payments) as of December 31, 2025 is as follows:



in millions	Operating Leases		Finance Leases

2026	$	70.4	$	6.1
2027	65.6		2.8
2028	58.8		1.5
2029	54.6		0.6
2030	51.6		0.2
Thereafter	638.3		0.1
Total minimum lease payments	$	939.3	$	11.3
Lease payments representing interest	(372.2)		(0.5)
Present value of future minimum lease payments	$	567.1	$	10.8
Current obligations under leases	(44.5)		(5.8)
Long-term lease obligations	$	522.6	$	5.0