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LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Lease Assets and Liabilities, Weighted-Average Lease Term and Discount Rate

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			September 30 2024			December 31 2023			September 30 2023
Assets
Operating lease ROU assets						$	651.4		$	636.1		$	644.8
Accumulated amortization						(143.1)			(124.4)			(113.4)
Operating leases, net			Operating lease right-of-use assets, net			508.3			511.7			531.4
Finance lease ROU assets						55.8			62.3			85.8
Accumulated depreciation						(23.2)			(20.2)			(22.1)
Finance leases, net			Property, plant & equipment, net			32.6			42.1			63.7
Total lease assets						$	540.9		$	553.8		$	595.1
Liabilities
Current
Operating			Other current liabilities			$	48.7		$	47.3		$	48.2
Finance			Other current liabilities			11.4			12.5			18.4
Noncurrent
Operating			Noncurrent operating lease liabilities			503.5			507.4			525.4
Finance			Other noncurrent liabilities			11.8			16.6			22.7
Total lease liabilities						$	575.4		$	583.8		$	614.7
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases						19.1			19.5			19.4
Finance leases						2.3			2.5			2.5
Weighted-average discount rate
Operating leases						4.4		%	4.3		%	4.3		%
Finance leases						3.1		%	2.4		%	2.0		%

Schedule of Components of Lease Expense

The components of lease expense are as follows:

						Three Months Ended September 30						Nine Months Ended September 30
in millions						2024			2023			2024			2023
Finance lease cost
Depreciation of right-of-use assets						$	2.3		$	3.3		$	7.2		$	10.1
Interest on lease liabilities						0.2			0.2			0.5			0.7
Operating lease cost						19.0			19.1			56.6			58.3
Short-term lease cost 1						12.2			14.8			34.9			38.5
Variable lease cost						5.5			4.9			15.1			15.0
Sublease income						(0.7)			(0.8)			(2.0)			(2.7)
Total lease expense						$	38.5		$	41.5		$	112.3		$	119.9

1Includes the cost of leases with an initial term of one year or less (including those with terms of one month or less).

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- Definition

Schedule of Lease Assets and Liabilities, Weighted-Average Lease Term and Discount Rate [Table Text Block]

+ References

No definition available.

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