LEASES (Tables)

3 Months Ended

Mar. 31, 2022

LEASES [Abstract]

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

		March 31	December 31	March 31
dollars in millions	Classification on the Balance Sheet	2022	2021	2021
Assets
Operating lease ROU assets		$       768.1	$       771.1	$       488.6
Accumulated amortization		(88.4)	(79.7)	(67.0)
Operating leases, net	Operating lease right-of-use assets, net	679.7	691.4	421.6
Finance lease assets		128.6	129.2	10.6
Accumulated amortization		(12.8)	(8.8)	(2.2)
Finance leases, net	Property, plant & equipment, net	115.8	120.4	8.4
Total lease assets		$       795.5	$       811.8	$       430.0
Liabilities
Current
Operating	Other current liabilities	$         50.2	$         49.2	$         38.1
Finance	Other current liabilities	33.4	35.4	2.7
Noncurrent
Operating	Noncurrent operating lease liabilities	631.7	642.5	397.3
Finance	Other noncurrent liabilities	55.2	60.5	5.7
Total lease liabilities		$       770.5	$       787.6	$       443.8
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases		20.7	21.0	9.2
Finance leases		3.2	3.3	4.0
Weighted-average discount rate
Operating leases		3.8%	3.8%	3.3%
Finance leases		1.4%	1.3%	1.3%

Components of Lease Expense

	Three Months Ended
	March 31
in millions	2022	2021
Lease Cost
Finance lease cost
Amortization of right-of-use assets	$          4.4	$          0.6
Interest on lease liabilities	0.3	0.0
Operating lease cost	23.0	15.3
Short-term lease cost 1	10.3	5.1
Variable lease cost	1.8	2.7
Sublease income	(0.8)	(0.8)
Total lease cost	$        39.0	$        22.9

¹ Our short-term lease cost includes the cost of leases with an initial term of one year or less (including those with terms of one month or less).