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LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

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

Lease right-of-use (ROU) assets and liabilities reflected on our December 31 balance sheets and the weighted-average lease terms and discount rates are as follows:

dollars in millions			Classification on the Balance Sheet			2024			2023
Assets
Operating lease ROU assets						$	673.2		$	636.1
Accumulated amortization						(146.8)			(124.4)
Operating leases, net			Operating lease right-of-use assets, net			526.4			511.7
Finance lease ROU assets						54.7			62.3
Accumulated depreciation						(24.3)			(20.2)
Finance leases, net			Property, plant & equipment, net			30.4			42.1
Total lease assets						$	556.8		$	553.8
Liabilities
Current
Operating			Other current liabilities			$	49.3		$	47.3
Finance			Other current liabilities			10.7			12.5
Noncurrent
Operating			Noncurrent operating lease liabilities			521.4			507.4
Finance			Other noncurrent liabilities			9.7			16.6
Total lease liabilities						$	591.1		$	583.8
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases						18.9			19.5
Finance leases						2.2			2.5
Weighted-average discount rate
Operating leases						4.5		%	4.3		%
Finance leases						3.2		%	2.4		%

Schedule of Components of Lease Expense

The components of lease expense for the years ended December 31, 2024, 2023 and 2022 are as follows:

in millions			2024			2023			2022
Finance lease cost
Depreciation of right-of-use assets			$	9.5		$	12.8		$	16.5
Interest on lease liabilities			0.7			0.9			1.2
Operating lease cost			75.6			77.5			85.6
Short-term lease cost 1			46.9			50.4			46.4
Variable lease cost			20.6			23.5			14.4
Sublease income			(2.8)			(3.4)			(2.9)
Total lease expense			$	150.5		$	161.7		$	161.2

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

Schedule of Maturity Analysis on an Undiscounted Basis

Maturity analysis on an undiscounted basis of our lease liabilities (see Note 12 for mineral lease payments) as of December 31, 2024 is as follows:

in millions			Operating Leases			Finance Leases
2025			$	73.8		$	11.2
2026			66.7			6.7
2027			62.2			2.1
2028			55.2			0.8
2029			50.8			0.4
Thereafter			608.7			0.0
Total minimum lease payments			$	917.4		$	21.2
Lease payments representing interest			(346.7)			(0.8)
Present value of future minimum lease payments			$	570.7		$	20.4
Current obligations under leases			(49.3)			(10.7)
Long-term lease obligations			$	521.4		$	9.7

X

- 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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