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Short-Term Borrowings and Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Components of Short-Term Borrowings and Long-Term Debt | Short-term borrowings and long-term debt consist of the following:
| December 31, |  |  | December 31, |
| 2021 |  |  | 2020 |
Short-term borrowings |  |  |  |  |  |  |
Commercial paper issuances | $ | 249.7 |  |  | $ | 349.0 |
Various debt due to international banks |  | 3.1 |  |  |  | 2.4 |
Total short-term borrowings | $ | 252.8 |  |  | $ | 351.4 |
Long-term debt |  |  |  |  |  |  |
Term loan due May 1, 2022 | $ | 0.0 |  |  | $ | 300.0 |
2.45% Senior notes due August 1, 2022 |  | 300.0 |  |  |  | 300.0 |
Less: Discount |  | 0.0 |  |  |  | (0.1 | )
2.875% Senior notes due October 1, 2022 |  | 400.0 |  |  |  | 400.0 |
Less: Discount |  | (0.1 | ) |  |  | (0.1 | )
Term loan due December 22, 2024 |  | 400.0 |  |  |  | 0.0 |
3.15% Senior notes due August 1, 2027 |  | 425.0 |  |  |  | 425.0 |
Less: Discount |  | (0.3 | ) |  |  | (0.3 | )
2.3% Senior notes due December 15, 2031 |  | 400.0 |  |  |  | 0.0 |
Less: Discount |  | (0.8 | ) |  |  | 0.0 |
3.95% Senior notes due August 1, 2047 |  | 400.0 |  |  |  | 400.0 |
Less: Discount |  | (2.5 | ) |  |  | (2.6 | )
Debt issuance costs, net |  | (11.2 | ) |  |  | (9.4 | )
Total long-term debt |  | 2,310.1 |  |  |  | 1,812.5 |
Less: current maturities |  | (699.4 | ) |  |  | 0.0 |
Net long-term debt | $ | 1,610.7 |  |  | $ | 1,812.5 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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