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LEASES (Tables)

3 Months Ended

Mar. 31, 2025

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			March 31 2025			December 31 2024			March 31 2024
Assets
Operating lease ROU assets						$	711.9		$	673.2		$	641.8
Accumulated amortization						(145.9)			(146.8)			(129.4)
Operating leases, net			Operating lease right-of-use assets, net			566.0			526.4			512.4
Finance lease ROU assets						52.2			54.7			60.4
Accumulated depreciation						(23.8)			(24.3)			(21.5)
Finance leases, net			Property, plant & equipment, net			28.4			30.4			38.9
Total lease assets						$	594.4		$	556.8		$	551.3
Liabilities
Current
Operating			Other current liabilities			$	51.2		$	49.3		$	47.3
Finance			Other current liabilities			10.7			10.7			11.7
Noncurrent
Operating			Noncurrent operating lease liabilities			556.1			521.4			508.2
Finance			Other noncurrent liabilities			6.9			9.7			14.6
Total lease liabilities						$	624.9		$	591.1		$	581.8
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases						18.7			18.9			19.4
Finance leases						2.1			2.2			2.5
Weighted-average discount rate
Operating leases						4.7		%	4.5		%	4.4		%
Finance leases						3.4		%	3.2		%	2.6		%

Schedule of Components of Lease Expense

The components of lease expense are as follows:

						Three Months Ended March 31
in millions						2025			2024
Finance lease cost
Depreciation of right-of-use assets						$	2.1		$	2.5
Interest on lease liabilities						0.2			0.2
Operating lease cost						20.4			18.8
Short-term lease cost 1						12.1			11.1
Variable lease cost						4.0			5.3
Sublease income						(0.9)			(0.8)
Sale and leaseback gain						(4.6)			0.0
Total lease expense						$	33.3		$	37.1

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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