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Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Income income was as follows for the years ended December 31:
(Millions)202520242023
Lease income - operating leases$669.4 $921.4 $910.9 

Operating lease income is included in service revenues in the consolidated statements of income (loss).
Schedule of Lease Payments to be Received under Non-Cancellable Operating Leases
Future lease payments to be received under non-cancellable operating leases were as follows for the years ended December 31:

Year(Millions)
2026$93.8 
202788.0 
202881.3 
202975.3 
203066.3 
Thereafter456.1 
Total lease receivables$860.8 
Future sublease rentals as of December 31, 2025 are as follows:

(Millions)Sublease
Rentals
2026$16.3 
202716.6 
202816.4 
202914.6 
203011.9 
Thereafter127.6 
Total$203.4 
Schedule of Property, Plant, and Equipment, Lessor Asset under Operating Lease
The underlying assets under operating leases were as follows as of December 31:

(Millions)2024
Land$26.7 
Building and improvements350.8 
Poles341.6 
Fiber4,325.5 
Copper3,972.8 
Equipment0.4 
9,017.8 
Less accumulated depreciation(5,852.6)
Underlying assets under operating leases, net$3,165.2 
Schedule of IRU Arrangements These IRU arrangements meet the criteria for sales-type lease classification. Sales revenue, cost of sales and gross profit recognized by the Company related to IRU arrangements were as follows for the years ended December 31:
(Millions)202520242023
Sales revenue$16.3 $7.8 $0.9 
Cost of sales8.4 2.8 0.4 
Gross profit$7.9 $5.0 $0.5 
Schedule of Components of Lease Cost
The components of operating lease cost are presented within cost of services and selling, general and administrative expenses, while the components of finance lease cost are presented within depreciation and amortization and interest expense, net.
Sublease income is presented within service revenues in the consolidated statements of income (loss). Components of net lease cost were as follows as of December 31:

(Millions)202520242023
Finance lease cost:
Amortization of ROU assets$7.7 $4.2 $4.1 
Interest on lease liabilities3.0 1.7 1.6 
Total finance lease cost10.7 5.9 5.7 
Operating lease cost81.3 24.9 23.0 
Short-term lease cost12.5 4.2 3.5 
Variable lease cost1.4 0.6 0.9 
Less sublease income(22.5)(17.8)(14.6)
Net lease cost$83.4 $17.8 $18.5 
Other information related to leases was as follows as of December 31:

(Millions)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases$73.9 $31.3 $22.3 
Operating cash outflows for finance leases$2.7 $1.7 $1.6 
Financing cash outflows for finance leases$5.8 $2.7 $2.3 
Non-cash items:
New operating leases and remeasurements, net$46.4 $19.0 $32.5 
New finance leases and remeasurements, net$8.0 $1.8 $5.7 
Schedule of Amounts Reported in Consolidated Balance Sheets for Leases Amounts reported in the consolidated balance sheets for leases in which we are the lessee were as follows as of December 31:
(Millions)20252024
Operating Leases
Operating lease right-of-use assets, net$516.6 $126.8 
Current portion of operating lease obligations$122.6 $12.7 
Noncurrent operating lease obligations360.5 67.8 
Total operating lease liabilities$483.1 $80.5 
Finance Leases
Property, plant and equipment, gross$93.6 $52.8 
Accumulated depreciation(9.8)(23.3)
Property, plant and equipment, net$83.8 $29.5 
Other current liabilities$6.4 $2.7 
Other liabilities50.7 14.5 
Total finance lease liabilities$57.1 $17.2 
Weighted Average Remaining Lease Term
Operating leases6.1 years13.8 years
Finance leases10.2 years7.5 years
Weighted Average Discount Rate
Operating leases6.7 %10.4 %
Finance leases7.9 %10.0 %
Schedule of Lessee, Operating Lease, Liability, Maturity
Future lease payments under non-cancellable leases as of December 31, 2025 are as follows:

(Millions)Operating
Leases 		Finance
Leases
2026$127.8 $10.5 
2027106.7 9.3 
202881.1 8.3 
202960.1 7.6 
203046.0 7.0 
Thereafter139.3 38.8 
Total undiscounted lease payments$561.0 $81.5 
Less imputed interest(77.9)(24.4)
Total lease liabilities$483.1 $57.1 
Schedule of Finance Lease, Liability, Fiscal Year Maturity
Future lease payments under non-cancellable leases as of December 31, 2025 are as follows:

(Millions)Operating
Leases 		Finance
Leases
2026$127.8 $10.5 
2027106.7 9.3 
202881.1 8.3 
202960.1 7.6 
203046.0 7.0 
Thereafter139.3 38.8 
Total undiscounted lease payments$561.0 $81.5 
Less imputed interest(77.9)(24.4)
Total lease liabilities$483.1 $57.1