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Three Months Ended March 31, |
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2026 |
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2025 |
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Cash: |
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Interest paid, net of capitalized interest (1) |
$ |
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384.0 |
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$ |
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340.9 |
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Income taxes paid, net of refunds |
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0.7 |
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0.8 |
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Non-cash investing activities: |
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Impact of net accruals on capital expenditures |
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48.8 |
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(173.5 |
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Change in ARO liability and property, plant and equipment, net due to additions and revised cash flow estimates |
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11.5 |
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0.9 |
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Non-cash financing activities: |
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Changes in accrued distributions to noncontrolling interests |
$ |
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— |
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$ |
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(13.2 |
) |
Changes in lease liabilities from recognition (derecognition) of right-of-use assets: |
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Operating lease |
$ |
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1.5 |
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$ |
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(9.7 |
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Finance lease |
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17.0 |
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12.7 |
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(1)Interest capitalized on major projects was $30.7 million and $13.6 million for the three months ended March 31, 2026 and 2025.
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