v3.26.3
Leases
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases 7. Leases
The Company leases offices, manufacturing facilities, vehicles, and other equipment.
Operating lease ROU assets are included in other non-current assets in the consolidated statements of financial position. The current portion of operating lease liabilities is included in Other current liabilities, and the long-term portion is included in Other non-current liabilities in the consolidated statements of financial position. Operating lease expense is included within Cost of equipment and products sold, Cost of services sold and selling, general and administrative expenses within the consolidated statements of operations.

(in millions of $)September 30, 2026December 31, 2025
Current portion of operating lease liability
24.3 18.4 
Non-current portion of operating lease liability
74.0 50.9 
Total operating lease liability
98.3 69.3 
Finance lease ROU assets are included within Property, plant and equipment - net in the consolidated statement of financial position. The current portion of finance lease liabilities is included in Other current liabilities, and the long-term portion is included in Other non-current liabilities in the consolidated statements of financial position.

(in millions of $)September 30, 2026December 31, 2025
Current portion of finance lease liability
4.2 2.7 
Non-current portion of finance lease liability
18.2 15.1 
Total finance lease liability
22.4 17.8 
The break out of the Company's lease expenses are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
 (in millions of $)2026202520262025
Operating lease expense7.4 5.4 20.9 14.9 
Short term lease expense0.8 0.1 1.5 0.3 
Finance leases - amortization1.2 0.5 3.0 1.1 
Finance leases - interest0.3 0.2 0.9 0.5 
Total lease expense
9.7 6.2 26.3 16.8 
No variable lease expense was incurred for the three and nine months ended September 30, 2026 and 2025.
Leases 7. Leases
The Company leases offices, manufacturing facilities, vehicles, and other equipment.
Operating lease ROU assets are included in other non-current assets in the consolidated statements of financial position. The current portion of operating lease liabilities is included in Other current liabilities, and the long-term portion is included in Other non-current liabilities in the consolidated statements of financial position. Operating lease expense is included within Cost of equipment and products sold, Cost of services sold and selling, general and administrative expenses within the consolidated statements of operations.

(in millions of $)September 30, 2026December 31, 2025
Current portion of operating lease liability
24.3 18.4 
Non-current portion of operating lease liability
74.0 50.9 
Total operating lease liability
98.3 69.3 
Finance lease ROU assets are included within Property, plant and equipment - net in the consolidated statement of financial position. The current portion of finance lease liabilities is included in Other current liabilities, and the long-term portion is included in Other non-current liabilities in the consolidated statements of financial position.

(in millions of $)September 30, 2026December 31, 2025
Current portion of finance lease liability
4.2 2.7 
Non-current portion of finance lease liability
18.2 15.1 
Total finance lease liability
22.4 17.8 
The break out of the Company's lease expenses are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
 (in millions of $)2026202520262025
Operating lease expense7.4 5.4 20.9 14.9 
Short term lease expense0.8 0.1 1.5 0.3 
Finance leases - amortization1.2 0.5 3.0 1.1 
Finance leases - interest0.3 0.2 0.9 0.5 
Total lease expense
9.7 6.2 26.3 16.8 
No variable lease expense was incurred for the three and nine months ended September 30, 2026 and 2025.