v3.25.4

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Lease, Cost

The weighted-average remaining lease term and weighted-average discount rate were as follows:

			December 31, 2025			December 31, 2024
Weighted-average remaining lease term:
Operating leases			6 years			5 years
Finance leases			11 years			12 years
Weighted-average discount rate:
Operating leases			5.3		%	5.1		%
Finance leases			6.0		%	6.0		%

Lease expense for the years ended December 31 were as follows:

In millions			2025			2024			2023
Operating lease expense			$	31.1		$	26.3		$	24.5
Finance lease expense:
Amortization of right-of-use assets			$	1.0		$	0.5		$	—
Interest on lease liabilities			1.1			0.5			—
Total finance lease expense			$	2.1		$	1.0		$	—

Supplemental cash flow information and other information related to leases for the years ended December 31 was as follows:

In millions			2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases			$	30.5		$	25.5
Financing leases			1.4			0.6
Lease right-of-use assets obtained in exchange for new lease liabilities:
Operating leases			$	49.7		$	29.7
Financing leases			0.3			18.2

Future Lease Payments

Maturities of lease liabilities as of December 31, 2025 were as follows:

In millions			Operating lease obligations			Finance lease obligations
2026			$	39.4		$	1.5
2027			35.1			1.5
2028			27.1			1.5
2029			19.0			1.5
2030			15.5			1.5
Thereafter			29.0			21.9
Total lease payments			165.1			29.4
Less imputed interest			(29.8)			(11.6)
Total reported lease liability			$	135.3		$	17.8

Operating Leases, Assets and Liabilities

Supplemental balance sheet information related to leases as of December 31 was as follows:

In millions			Classification			2025			2024
Operating Leases
Lease right-of-use assets			Other non-current assets			$	128.6		$	107.2
Current lease liabilities			Other current liabilities			$	30.3		$	22.4
Non-current lease liabilities			Other non-current liabilities			105.0			90.7
Total lease liabilities						$	135.3		$	113.1
Finance Leases
Lease right-of-use assets			Other non-current assets			$	16.9		$	17.7
Current lease liabilities			Other current liabilities			$	0.4		$	0.4
Non-current lease liabilities			Other non-current liabilities			17.4			17.6
Total lease liabilities						$	17.8		$	18.0

X

- Definition

Assets and Liabilities, Lessee [Table Text Block]

+ References

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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

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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