The Company has asset retirement obligations (“AROs”) related to environmental disposal obligations associated with certain restoration obligations associated with certain of its leased facilities, and cylinders used to supply customers with gas products.

Changes in the carrying amounts of the Company’s AROs for the years ended December 31, 2025 and 2024 are shown below:


(In millions)	2025		2024
Balance at beginning of year	$	22.4	$	21.7

Liabilities settled	(0.3)		(0.6)
Liabilities incurred	3.0		2.3
Accretion expense	—		0.2

Revision of estimate	7.4		(1.2)
Balance at end of year	$	32.5	$	22.4

ARO liabilities expected to be settled within twelve months are included in the consolidated balance sheets in Other accrued liabilities, while all other ARO liabilities are included in Pension benefit obligations and other liabilities in the consolidated balance sheets.