
	Three Months Ended March 31,
	2026		2025
Cash:
Interest paid, net of capitalized interest (1)	$	384.0	$	340.9
Income taxes paid, net of refunds		0.7		0.8
Non-cash investing activities:
Impact of net accruals on capital expenditures		48.8		(173.5	)
Change in ARO liability and property, plant and equipment, net due to additions and revised cash flow estimates		11.5		0.9
Non-cash financing activities:
Changes in accrued distributions to noncontrolling interests	$	—	$	(13.2	)
Changes in lease liabilities from recognition (derecognition) of right-of-use assets:
Operating lease	$	1.5	$	(9.7	)
Finance lease		17.0		12.7

(1)

Interest capitalized on major projects was $30.7 million and $13.6 million for the three months ended March 31, 2026 and 2025.