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Debt
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Debt DEBT
Short-term debt consisted of the following at December 31, 2024 and 2023:
(in millions)20242023
$750.0 million fixed rate notes due March 2025, stated rate of 3.00% (1)
$749.8 $— 
Total short-term debt$749.8 $— 
_______________
(1)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 3.11%.
 Long-term debt outstanding consisted of the following at December 31, 2024 and 2023:
(in millions)20242023
$750.0 million fixed rate notes due March 2025, stated rate of 3.00% (1)
$— $749.1 
$500.0 million fixed rate notes due June 2028, stated rate of 3.75%
498.5 498.1 
$750.0 million fixed rate notes due March 2032, stated rate of 2.65%743.7 742.9 
$750.0 million fixed rate notes due September 2043, stated rate of 5.30% (2)
744.3 744.0 
$700.0 million fixed rate notes due June 2048, stated rate of 4.15%
691.7 691.3 
Total long-term debt$2,678.2 $3,425.4 
 _______________
(1)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 3.11%.
(2)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 4.73%.
Short term and long-term debt maturities, at par value were as follows as of December 31, 2024:
(in millions)Par Value
2025$750.0 
2026— 
2027— 
2028500.0 
2029— 
Thereafter2,200.0