Leases (Tables)

12 Months Ended

Dec. 31, 2025

Our Consolidated Balance Sheets include the following related to leases:


(in millions) December 31,	Classification	2025		2024
Assets
Operating right-of-use assets	Other assets	$	67.2	$	60.4
Liabilities
Current lease liabilities	Accrued liabilities	$	14.6	$	10.6
Long-term lease liabilities	Other liabilities	55.6		52.7
Total lease liabilities		$	70.2	$	63.3

The components of lease cost were as follows:

The weighted average remaining lease terms and discount rates for our operating leases were as follows:


December 31,	2025		2024
Weighted-average remaining lease term (in years) - operating leases	13.3		13.5
Weighted-average discount rate - operating leases	5.7	%	5.6	%

Supplemental cash flow information related to our operating leases were as follows:


(in millions) December 31,	2025		2024		2023
Cash paid for amounts included in measurement of operating lease liabilities - operating cash flows	$	12.6	$	9.8	$	8.2
Right-of-use assets obtained in exchange for new operating lease liabilities	$	6.8	$	5.3	$	16.5

Future minimum operating lease payments are as follows:


(in millions)	December 31, 2025
2026	$	17.7
2027	14.1
2028	9.1
2029	7.6
2030	6.2
Thereafter	47.9
Total future minimum operating lease payments	$	102.6
Imputed interest	32.4
Present value of lease liabilities reported	$	70.2

Crane NXT, Co. 10-K