LEASES (Tables)

6 Months Ended

Jun. 30, 2022

LEASES [Abstract]

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

		June 30	December 31	June 30
dollars in millions	Classification on the Balance Sheet	2022	2021	2021
Assets
Operating lease ROU assets		$       780.0	$       771.1	$       530.8
Accumulated amortization		(87.4)	(79.7)	(66.0)
Operating leases, net	Operating lease right-of-use assets, net	692.6	691.4	464.8
Finance lease assets		117.0	129.2	11.1
Accumulated depreciation		(9.9)	(8.8)	(3.0)
Finance leases, net	Property, plant & equipment, net	107.1	120.4	8.1
Total lease assets		$       799.7	$       811.8	$       472.9
Liabilities
Current
Operating	Other current liabilities	$         50.8	$         49.2	$         36.7
Finance	Other current liabilities	30.1	35.4	2.8
Noncurrent
Operating	Noncurrent operating lease liabilities	645.1	642.5	443.1
Finance	Other noncurrent liabilities	48.9	60.5	5.3
Total lease liabilities		$       774.9	$       787.6	$       487.9
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases		20.3	21.0	9.1
Finance leases		3.2	3.3	3.8
Weighted-average discount rate
Operating leases		3.7%	3.8%	3.3%
Finance leases		1.4%	1.3%	1.3%

Components of Lease Expense

	Three Months Ended		Six Months Ended
	June 30		June 30
in millions	2022	2021	2022	2021
Lease Cost
Finance lease cost
Depreciation of right-of-use assets	$          4.3	$          0.7	$          8.7	$            1.3
Interest on lease liabilities	0.4	0.0	0.7	0.1
Operating lease cost	20.9	15.5	43.9	30.8
Short-term lease cost 1	10.2	5.3	20.5	10.4
Variable lease cost	2.4	2.8	4.2	5.5
Sublease income	(0.8)	(0.8)	(1.6)	(1.6)
Total lease cost	$        37.4	$        23.5	$        76.4	$          46.5

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).