Total rental expense for the six months ended June 30, 2026 and 2025, was $37.5 million and $33.2 million, respectively, and is classified within Cost of goods sold and Selling and administrative expenses within the Condensed and Consolidated Statements of Comprehensive Income. Rental expense related to short-term leases, variable lease payments or other leases or lease components not included within the right of use (“ROU”) asset or lease liability totaled $7.4 million and $7.5 million for the six months ended June 30, 2026 and 2025. No material lease costs have been capitalized on the Condensed and Consolidated Balance Sheets as of June 30, 2026 or December 31, 2025.

The Company assesses the specific terms and conditions of each lease to determine the appropriate classification as either an operating or finance lease and the lease term. Substantially all of the Company’s leases for which the Company is a lessee are classified as operating leases.

As a lessee, the Company categorizes its leases into two general categories: real estate leases and equipment leases. Amounts included within the Condensed and Consolidated Balance Sheets related to the Company’s ROU asset and lease liability for both real estate and equipment leases were as follows:


		June 30, 2026								December 31, 2025
In millions	Balance Sheet classification	Real estate			Equipment			Total		Real estate			Equipment			Total
ROU asset	Other noncurrent assets	$	127.8		$	59.2		$	187.0	$	116.5		$	49.9		$	166.4
Lease liability - current	Accrued expenses and other current liabilities	24.0			24.1			48.1		22.5			19.2			41.7
Lease liability - noncurrent	Other noncurrent liabilities	108.3			34.8			143.1		98.0			30.5			128.5

Other information:
Weighted-average remaining term (years)		10.2			2.7					10.9			3.0
Weighted-average discount rate		5.3		%	5.6		%			5.3		%	5.9		%


	2026						2025
In millions	Real estate		Equipment		Total		Real estate		Equipment		Total
Cash paid for amounts included in the measurement of lease liabilities	$	15.4	$	14.7	$	30.1	$	13.3	$	12.4	$	25.7
ROU assets obtained in exchange for new lease liabilities	16.6		12.3		28.9		8.9		9.1		18.0

Scheduled minimum lease payments required under non-cancellable operating leases for both the real estate and equipment lease portfolios for the remainder of 2026 and for each of the years thereafter as of June 30, 2026, are as follows:


In millions	Remainder of 2026		2027		2028		2029		2030		Thereafter		Total
Real estate leases	$	15.4	$	29.2	$	21.4	$	16.5	$	12.5	$	79.9	$	174.9
Equipment leases	14.1		23.7		17.0		6.3		2.0		0.2		63.3
Total	$	29.5	$	52.9	$	38.4	$	22.8	$	14.5	$	80.1	$	238.2

The difference between the total undiscounted minimum lease payments and the combined current and noncurrent lease liabilities as of June 30, 2026, is due to imputed interest of $47.0 million.