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NET FINANCE COST
 12 Months Ended
Dec. 31, 2025
NET FINANCE COST  
NET FINANCE COST NET FINANCE COST
For the year ended December 31,
In millions202520242023
Interest expense
Interest expense on interest-bearing debt$(62.1)$(174.2)$(158.9)
Interest expense on lease liabilities(33.1)(22.4)(12.2)
Interest expense to related parties— (21.6)(227.5)
Interest expense related to pension liabilities(0.4)(0.5)(0.9)
Other interest expense(2.1)(0.3)1.9 
(97.7)(219.0)(397.6)
Foreign currency exchange gains/(losses), net & other finance costs
Exchange rate gains/(losses)19.3 (54.2)(5.3)
Change in fair value of interest rate derivative instruments not used in hedge accounting— (1.1)(2.5)
Other finance cost(5.3)(12.3)(8.1)
14.0 (67.6)(15.8)
Loss on debt extinguishment— (31.8)— 
Interest income6.4 8.8 6.4 
Net finance cost$(77.3)$(309.6)$(407.0)