Lease right-of-use (ROU) assets and liabilities and the weighted-average lease terms and discount rates are as follows:



dollars in millions	Classification on the Balance Sheet	June 30 2026			December 31 2025			June 30 2025

Assets1
Operating lease ROU assets		$	684.2		$	674.2		$	700.4
Accumulated amortization		(160.8)			(152.7)			(154.3)
Operating leases, net	Operating lease right-of-use assets, net	523.4			521.5			546.1
Finance lease ROU assets		23.4			35.3			52.2
Accumulated depreciation		(11.9)			(18.6)			(25.8)
Finance leases, net	Property, plant & equipment, net	11.5			16.7			26.4
Total lease assets		$	534.9		$	538.2		$	572.5
Liabilities1
Current
Operating leases	Other current liabilities	$	47.4		$	44.5		$	51.0
Finance leases	Other current liabilities	4.0			5.8			9.2
Noncurrent
Operating leases	Noncurrent operating lease liabilities	521.2			522.6			536.1
Finance leases	Other noncurrent liabilities	5.2			5.0			5.7
Total lease liabilities		$	577.8		$	577.9		$	602.0
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases		19.0			18.9			18.8
Finance leases		2.8			2.4			2.0
Weighted-average discount rate
Operating leases		4.9		%	4.8		%	4.7		%
Finance leases		4.6		%	4.0		%	3.5		%

1.Balances at December 31, 2025 exclude lease assets and liabilities classified as held for sale as detailed in Note 16.

The components of lease expense are as follows:



	Three Months Ended June 30				Six Months Ended June 30

in millions	2026		2025		2026		2025

Finance lease cost
Depreciation of right-of-use assets	$	1.2	$	2.1	$	2.8	$	4.2
Interest on lease liabilities	0.1		0.1		0.3		0.3
Operating lease cost	20.3		20.2		41.0		40.6
Short-term lease cost1	11.0		12.0		21.4		24.1
Variable lease cost	4.8		4.6		9.7		8.6
Sublease income	(0.8)		(0.8)		(1.8)		(1.6)
Sale and leaseback gain	0.0		0.0		0.0		(4.6)
Total lease expense	$	36.6	$	38.2	$	73.4	$	71.6