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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2025
FAIR VALUE MEASUREMENTS  
Schedule of the carrying amount and estimated fair value of assets and liabilities measured on recurring basis

September 30, 2025

(millions)

Carrying

Fair Value Measurements

    

Amount

    

Level 1

Level 2

    

Level 3

Assets

Foreign currency forward contracts

 

 

$12.8

$-

 

$12.8

 

$-

Cross-currency swap derivative contracts

6.6

-

6.6

-

Foreign currency option contracts

1.2

-

1.2

-

 

 

Liabilities

Foreign currency forward contracts

18.3

-

18.3

-

Interest rate swap agreements

85.4

-

85.4

-

Cross-currency swap derivative contracts

184.0

-

184.0

-

December 31, 2024

(millions)

Carrying

Fair Value Measurements

    

Amount

    

Level 1

Level 2

    

Level 3

Assets

Foreign currency forward contracts

 

 

$38.4

$-

 

$38.4

 

$-

Cross-currency swap derivative contracts

119.0

-

119.0

-

 

 

Liabilities

Foreign currency forward contracts

28.0

-

28.0

-

Interest rate swap agreements

138.5

-

138.5

-

Cross-currency swap derivative contracts

56.4

-

56.4

-

Schedule of carrying amount and estimated fair value of long-term debt

September 30, 2025

December 31, 2024

Carrying

Fair

Carrying

Fair

    

Amount

    

Value

    

Amount

    

Value

Long-term debt, including current maturities

$8,064.1

$7,356.7

$7,561.3

$6,662.1