v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Lease Assets and Liabilities, Weighted-Average Lease Term and Discount Rate
Lease right-of-use (ROU) assets and liabilities and the weighted-average lease terms and discount rates are as follows:
dollars in millionsClassification on the Balance SheetJune 30
2025		December 31
2024		June 30
2024
Assets
Operating lease ROU assets$700.4 $673.2 $646.9 
Accumulated amortization(154.3)(146.8)(135.1)
Operating leases, netOperating lease right-of-use assets, net546.1 526.4 511.8 
Finance lease ROU assets52.2 54.7 59.0 
Accumulated depreciation(25.8)(24.3)(22.2)
Finance leases, netProperty, plant & equipment, net26.4 30.4 36.8 
Total lease assets$572.5 $556.8 $548.6 
Liabilities
Current
OperatingOther current liabilities$51.0 $49.3 $47.9 
FinanceOther current liabilities9.2 10.7 11.7 
Noncurrent
Operating Noncurrent operating lease liabilities536.1 521.4 507.5 
FinanceOther noncurrent liabilities5.7 9.7 13.6 
Total lease liabilities$602.0 $591.1 $580.7 
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases18.818.919.2
Finance leases2.02.22.4
Weighted-average discount rate
Operating leases4.7%4.5%4.4%
Finance leases3.5%3.2%2.9%
Schedule of Components of Lease Expense
The components of lease expense are as follows:
Three Months Ended
June 30		Six Months Ended
June 30
in millions2025202420252024
Finance lease cost
Depreciation of right-of-use assets$2.1 $2.4 $4.2 $4.9 
Interest on lease liabilities0.1 0.2 0.3 0.4 
Operating lease cost20.2 18.9 40.6 37.7 
Short-term lease cost 1
12.0 11.6 24.1 22.7 
Variable lease cost4.6 4.4 8.6 9.7 
Sublease income(0.8)(0.8)(1.6)(1.6)
Sale and leaseback gain0.0 0.0 (4.6)0.0 
Total lease expense$38.2 $36.7 $71.6 $73.8 
1Includes the cost of leases with an initial term of one year or less (including those with terms of one month or less).