LEASES (Tables)

9 Months Ended

Sep. 30, 2023

LEASES [Abstract]

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

		September 30	December 31	September 30
dollars in millions	Classification on the Balance Sheet	2023	2022	2022
Assets 1
Operating lease ROU assets		$        644.8	$        665.4	$        778.8
Accumulated amortization		(113.4)	(92.8)	(89.6)
Operating leases, net	Operating lease right-of-use assets, net	531.4	572.6	689.2
Finance lease ROU assets		85.8	93.2	111.2
Accumulated depreciation		(22.1)	(14.9)	(12.6)
Finance leases, net	Property, plant & equipment, net	63.7	78.3	98.6
Total lease assets		$        595.1	$        650.9	$        787.8
Liabilities 1
Current
Operating	Other current liabilities	$          48.2	$          48.1	$          51.9
Finance	Other current liabilities	18.4	22.3	27.7
Noncurrent
Operating	Noncurrent operating lease liabilities	525.4	548.4	643.3
Finance	Other noncurrent liabilities	22.7	34.8	45.9
Total lease liabilities		$        614.7	$        653.6	$        768.8
Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases		19.4	19.7	20.1
Finance leases		2.5	3.0	3.1
Weighted-average discount rate
Operating leases		4.3%	3.9%	3.7%
Finance leases		2.0%	1.8%	1.6%

¹ Balances at September 30, 2023 and September 30, 2022 include lease assets and liabilities classified as held for sale as detailed in Note 16. 

Components of Lease Expense

	Three Months Ended		Nine Months Ended
	September 30		September 30
in millions	2023	2022	2023	2022
Lease Cost
Finance lease cost
Depreciation of right-of-use assets	$            3.3	$            4.2	$          10.1	$          12.9
Interest on lease liabilities	0.2	0.2	0.7	0.9
Operating lease cost	19.1	21.7	58.3	65.6
Short-term lease cost 1	14.8	12.3	38.5	32.8
Variable lease cost	4.9	4.7	15.0	8.9
Sublease income	(0.8)	(0.6)	(2.7)	(2.2)
Total lease cost	$          41.5	$          42.5	$        119.9	$        118.9

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).