XML 52 R37.htm IDEA: XBRL DOCUMENT v3.25.4
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

​