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DEBT AND INTEREST (Tables)

9 Months Ended

Sep. 30, 2025

DEBT AND INTEREST

Schedule of short-term debt obligations

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​	​	​	​	​	​	​	​	​
​	​	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

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​	​					​	​			​
​	​	​	​	​	​	​	​	​	​	​
​	​	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

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Third Quarter Ended

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Nine Months Ended

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September 30

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September 30

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(millions)

2025

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2024

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2025

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2024

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Interest expense

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$74.6

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​

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$86.4

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$223.3

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$261.1

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Interest income

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(19.3)

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​

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(16.0)

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(46.5)

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(40.3)

Interest expense, net

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$55.3

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$70.4

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$176.8

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$220.8

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