Leases (Tables)

9 Months Ended

Sep. 30, 2026

Maturity of Lease Liabilities


(Thousands of dollars)	Operating Leases		Finance Leases		Total
2026	$	84,456	$	6,399	$	90,855
2027	192,907		15,025		207,932
2028	64,533		15,025		79,558
2029	61,051		14,214		75,265
2030	57,995		13,608		71,603
Remaining	354,124		70,141		424,265
Total future minimum lease payments	815,066		134,412		949,478
Less imputed interest	(161,310)		(39,691)		(201,001)
Present value of lease liabilities 1	$	653,756	$	94,721	$	748,477

1 Includes both the current and long-term portion of the lease liabilities.

Maturity of Lease Liabilities


(Thousands of dollars)	Operating Leases		Finance Leases		Total
2026	$	84,456	$	6,399	$	90,855
2027	192,907		15,025		207,932
2028	64,533		15,025		79,558
2029	61,051		14,214		75,265
2030	57,995		13,608		71,603
Remaining	354,124		70,141		424,265
Total future minimum lease payments	815,066		134,412		949,478
Less imputed interest	(161,310)		(39,691)		(201,001)
Present value of lease liabilities 1	$	653,756	$	94,721	$	748,477

1 Includes both the current and long-term portion of the lease liabilities.

Lease Term and Discount Rate


	September 30, 2026		December 31, 2025
Weighted average remaining lease term:
Operating leases	8 years		7 years
Finance leases	12 years		5 years
Weighted average discount rate:
Operating leases	5.5	%	5.5	%
Finance leases	7.1	%	5.4	%