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Lease Accounting
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Lease Accounting Lease Accounting
The Company determines if an arrangement is a lease or contains a lease at inception. Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. The
Company's leases have remaining lease terms of approximately 1 years or less to 34 years, which may include the option to extend the lease when it is reasonably certain the Company will exercise the option. Most leases include one or more options to renew, with renewal terms that can extend the lease term from 5 to 20 years or more. The exercise of lease renewal options is at the Company's sole discretion. Due to the uncertainties of future markets, economic factors, technology changes, demographic shifts and behavior, environmental regulatory requirements and other information that impacts decisions as to store location, management has determined that it was not reasonably certain to exercise contract options and they are not included in the lease term. Additionally, short-term leases and leases with variable lease costs are immaterial. The Company reviews all options to extend, terminate, or otherwise modify its lease agreements to determine if changes are required to the right-of-use assets and liabilities.

As the implicit interest rate is not readily determinable in most of the Company's lease agreements, the Company uses its estimated secured incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.

Lessor — We have various arrangements for certain spaces for food service and vending equipment under which we are the lessor. These leases meet the criteria for operating lease classification. Lease income associated with these leases is immaterial. We also have certain areas where we sublease building and land space to others. This lease income is immaterial.

Lessee — We lease land for 481 stores, one terminal, and various equipment. Our lease agreements do not contain any material residual value guarantees and approximately 103 sites leased from Walmart contain restrictive covenants, though the restrictions are deemed to have an immaterial impact.

Leases are reflected in the following balance sheet accounts:

(Millions of dollars)ClassificationDecember 31,
2025		December 31,
2024
Assets
Operating (Right-of-use)Operating lease right-of-use assets, net$526.3 $492.9 
Finance
Property, plant, and equipment, at cost, less accumulated depreciation of $69.0 in 2025
and $56.3 in 2024
100.2 103.9 
Total leased assets$626.5 $596.8 
Liabilities
Current
OperatingTrade accounts payable and accrued liabilities$25.8 $23.7 
FinanceCurrent maturities of long-term debt 13.0 11.7 
Noncurrent
OperatingNon-current operating lease liabilities534.6 496.3 
FinanceLong-term debt, including capitalized lease obligations105.5 108.0 
Total lease liabilities$678.9 $639.7 
Lease Cost:Years Ended December 31,
(Millions of dollars)Classification202520242023
Operating lease costStore and other operating expenses$66.7 $59.6 $55.1 
Finance lease cost
Amortization of leased
assets		Depreciation & amortization expense14.6 14.6 15.0 
Interest on lease liabilitiesInterest expense8.0 8.3 8.9 
Net lease costs$89.3 $82.5 $79.0 

Cash Flow Information:Years Ended December 31,
(Millions of dollars)202520242023
Cash paid for amounts included in the measurement of liabilities
   Operating cash flows required by operating leases$61.0 $53.8 $50.6 
   Operating cash flows required by finance leases$8.0 $8.3 $8.9 
   Financing cash flows required by finance leases$12.4 $11.7 $11.4 

Maturity of Lease Liabilities:
(Millions of dollars)Operating leasesFinance leases
2026$66.6 $20.6 
202766.6 19.5 
202865.6 18.5 
202964.0 16.4 
203062.4 14.1 
After 2030661.0 84.4 
Total lease payments986.2 173.5 
Less: interest425.8 55.0 
Present value of lease liabilities$560.4 $118.5 

Lease Term and Discount Rate:Year Ended December 31,
2025
Weighted-average remaining lease term (years)
   Finance leases10.8
   Operating leases14.6
Weighted-average discount rate
   Finance leases6.9 %
   Operating leases7.3 %
Lease Accounting Lease Accounting
The Company determines if an arrangement is a lease or contains a lease at inception. Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. The
Company's leases have remaining lease terms of approximately 1 years or less to 34 years, which may include the option to extend the lease when it is reasonably certain the Company will exercise the option. Most leases include one or more options to renew, with renewal terms that can extend the lease term from 5 to 20 years or more. The exercise of lease renewal options is at the Company's sole discretion. Due to the uncertainties of future markets, economic factors, technology changes, demographic shifts and behavior, environmental regulatory requirements and other information that impacts decisions as to store location, management has determined that it was not reasonably certain to exercise contract options and they are not included in the lease term. Additionally, short-term leases and leases with variable lease costs are immaterial. The Company reviews all options to extend, terminate, or otherwise modify its lease agreements to determine if changes are required to the right-of-use assets and liabilities.

As the implicit interest rate is not readily determinable in most of the Company's lease agreements, the Company uses its estimated secured incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.

Lessor — We have various arrangements for certain spaces for food service and vending equipment under which we are the lessor. These leases meet the criteria for operating lease classification. Lease income associated with these leases is immaterial. We also have certain areas where we sublease building and land space to others. This lease income is immaterial.

Lessee — We lease land for 481 stores, one terminal, and various equipment. Our lease agreements do not contain any material residual value guarantees and approximately 103 sites leased from Walmart contain restrictive covenants, though the restrictions are deemed to have an immaterial impact.

Leases are reflected in the following balance sheet accounts:

(Millions of dollars)ClassificationDecember 31,
2025		December 31,
2024
Assets
Operating (Right-of-use)Operating lease right-of-use assets, net$526.3 $492.9 
Finance
Property, plant, and equipment, at cost, less accumulated depreciation of $69.0 in 2025
and $56.3 in 2024
100.2 103.9 
Total leased assets$626.5 $596.8 
Liabilities
Current
OperatingTrade accounts payable and accrued liabilities$25.8 $23.7 
FinanceCurrent maturities of long-term debt 13.0 11.7 
Noncurrent
OperatingNon-current operating lease liabilities534.6 496.3 
FinanceLong-term debt, including capitalized lease obligations105.5 108.0 
Total lease liabilities$678.9 $639.7 
Lease Cost:Years Ended December 31,
(Millions of dollars)Classification202520242023
Operating lease costStore and other operating expenses$66.7 $59.6 $55.1 
Finance lease cost
Amortization of leased
assets		Depreciation & amortization expense14.6 14.6 15.0 
Interest on lease liabilitiesInterest expense8.0 8.3 8.9 
Net lease costs$89.3 $82.5 $79.0 

Cash Flow Information:Years Ended December 31,
(Millions of dollars)202520242023
Cash paid for amounts included in the measurement of liabilities
   Operating cash flows required by operating leases$61.0 $53.8 $50.6 
   Operating cash flows required by finance leases$8.0 $8.3 $8.9 
   Financing cash flows required by finance leases$12.4 $11.7 $11.4 

Maturity of Lease Liabilities:
(Millions of dollars)Operating leasesFinance leases
2026$66.6 $20.6 
202766.6 19.5 
202865.6 18.5 
202964.0 16.4 
203062.4 14.1 
After 2030661.0 84.4 
Total lease payments986.2 173.5 
Less: interest425.8 55.0 
Present value of lease liabilities$560.4 $118.5 

Lease Term and Discount Rate:Year Ended December 31,
2025
Weighted-average remaining lease term (years)
   Finance leases10.8
   Operating leases14.6
Weighted-average discount rate
   Finance leases6.9 %
   Operating leases7.3 %