XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.25.3

DEBT AND INTEREST (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
DEBT AND INTEREST |
Schedule of short-term debt obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30 | ​ | December 31
(millions) |  | 2025 | ​ | 2024
Short-term debt | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Notes payable | ​ | ​ | $4.8 | ​ | ​ | ​ | $3.6 | ​
Long-term debt, current maturities | ​ | ​ | 11.4 | ​ | ​ | ​ | 612.1 | ​
Total | ​ | ​ | $16.2 | ​ | ​ | ​ | $615.7 | ​
Schedule of long-term debt obligations including current maturities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  |  |  | ​ | ​ |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Maturity | ​ | September 30 | ​ | December 31
(millions) | ​ | by Year | ​ | 2025 | ​ | 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Long-term debt | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Public notes (2025 principal amount) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ten year 2015 senior notes (€575 million) | ​ | 2025 | ​ | ​ | $- | ​ | ​ | ​ | $607.8 | ​
Ten year 2016 senior notes ($750 million) | ​ | 2026 | ​ | ​ | 743.8 | ​ | ​ | ​ | 735.2 | ​
Ten year 2017 senior notes ($500 million) | ​ | 2027 | ​ | ​ | 477.9 | ​ | ​ | ​ | 456.5 | ​
Six year 2021 senior notes ($500 million) | ​ | 2027 | ​ | ​ | 498.9 | ​ | ​ | ​ | 498.2 | ​
Five year 2022 senior notes ($500 million) | ​ | 2028 | ​ | ​ | 496.7 | ​ | ​ | ​ | 495.6 | ​
Three year 2025 senior notes ($500 million) | ​ | 2028 | ​ | ​ | 496.3 | ​ | ​ | ​ | - | ​
Ten year 2020 senior notes ($698 million) | ​ | 2030 | ​ | ​ | 670.2 | ​ | ​ | ​ | 657.2 | ​
Ten year 2020 senior notes ($600 million) | ​ | 2031 | ​ | ​ | 570.3 | ​ | ​ | ​ | 559.3 | ​
Eleven year 2021 senior notes ($650 million) | ​ | 2032 | ​ | ​ | 646.2 | ​ | ​ | ​ | 645.8 | ​
Ten year 2025 senior notes ($500 million) | ​ | 2035 | ​ | ​ | 495.0 | ​ | ​ | ​ | - | ​
Thirty year 2011 senior notes ($389 million) | ​ | 2041 | ​ | ​ | 385.1 | ​ | ​ | ​ | 385.0 | ​
Thirty year 2016 senior notes ($200 million) | ​ | 2046 | ​ | ​ | 197.6 | ​ | ​ | ​ | 197.5 | ​
Thirty year 2017 senior notes ($484 million) | ​ | 2047 | ​ | ​ | 429.3 | ​ | ​ | ​ | 428.2 | ​
Thirty year 2020 senior notes ($500 million) | ​ | 2050 | ​ | ​ | 491.7 | ​ | ​ | ​ | 491.4 | ​
Thirty year 2021 senior notes ($850 million) | ​ | 2051 | ​ | ​ | 840.0 | ​ | ​ | ​ | 839.7 | ​
Thirty-four year 2021 senior notes ($685 million) | ​ | 2055 | ​ | ​ | 542.9 | ​ | ​ | ​ | 541.2 | ​
Finance lease obligations and other | ​ | ​ | ​ | ​ | 82.2 | ​ | ​ | ​ | 22.7 | ​
Total debt | ​ | ​ | ​ | ​ | 8,064.1 | ​ | ​ | ​ | 7,561.3 | ​
Long-term debt, current maturities | ​ | ​ | ​ | ​ | (11.4) | ​ | ​ | ​ | (612.1) | ​
Total long-term debt | ​ | ​ | ​ | ​ | $8,052.7 | ​ | ​ | ​ | $6,949.2 | ​
Schedule of interest expense and interest income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Third Quarter Ended | ​ | Nine Months Ended | ​
​ | ​ | September 30 | ​ | September 30 | ​
(millions) |  | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024 | ​
Interest expense | ​ | ​ | $74.6 | ​ | ​ | ​ | $86.4 | ​ | ​ | $223.3 | ​ | ​ | ​ | $261.1 | ​
Interest income |  | ​ | (19.3) | ​ | ​ | ​ | (16.0) |  | ​ | (46.5) | ​ | ​ | ​ | (40.3) |
Interest expense, net | ​ | ​ | $55.3 | ​ | ​ | ​ | $70.4 | ​ | ​ | $176.8 | ​ | ​ | ​ | $220.8 | ​

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration