LEASES (Tables)

12 Months Ended

Dec. 31, 2025

LEASES

Schedule of lease type by underlying asset class and maximum terms

Lease Type:	Term
Real estate and terminal leases	50 years
Vessel and barge charter leases	4 years
Operations equipment and other leases	14 years

Schedule of components of lease cost

	Years Ended
	December 31,
(In millions)	2025		2024		2023
Operating lease cost	$	147.9	$	143.4	$	151.0
Short-term lease cost		6.8		10.4		7.7
Variable lease cost		0.3		0.6		0.6
Total		155.0		154.4		159.3
Sublease income		(6.9)		(1.1)		(8.6)
Total lease cost, net	$	148.1	$	153.3	$	150.7

	Years Ended
	December 31,
(In millions)	2025		2024		2023
Cash paid for amounts included in operating lease liabilities	$	148.2	$	148.7	$	154.3
Right-of-use assets obtained in the exchange for new operating lease liabilities	$	145.4	$	205.8	$	40.0

	As of December 31,
	2025		2024		2023
Weighted average remaining operating lease term		5.3 years		5.3 years		4.8 years
Weighted average incremental borrowing rate		4.6%		4.3%		3.1%

Schedule of maturities of operating lease liabilities

	As of
Year (in millions)	December 31, 2025
2026	$	139.5
2027		106.2
2028		55.8
2029		33.4
2030		22.8
Thereafter		73.2
Total lease payments		430.9
Less: Interest		(55.6)
Present value of operating lease liabilities		375.3
Less: Short-term portion		(128.5)
Long-term operating lease liabilities	$	246.8