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Short-Term Borrowings and Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Components of Short-Term Borrowings and Long-Term Debt | Short-term borrowings and long-term debt consist of the following:
|  | September 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Short-term borrowings |  |  |  |  |  |
Commercial paper issuances |  | $ | 0.0 |  |  | $ | 249.7 |
Various debt due to international banks |  |  | 3.3 |  |  |  | 3.1 |
Total short-term borrowings |  | $ | 3.3 |  |  | $ | 252.8 |
Long-term debt |  |  |  |  |  |
2.45% Senior notes due August 1, 2022 |  |  | 0.0 |  |  |  | 300.0 |
2.875% Senior notes due October 1, 2022(1) |  |  | 400.0 |  |  |  | 400.0 |
Less: Discount |  |  | 0.0 |  |  |  | (0.1 | )
Term loan due December 22, 2024 |  |  | 400.0 |  |  |  | 400.0 |
3.15% Senior notes due August 1, 2027 |  |  | 425.0 |  |  |  | 425.0 |
Less: Discount |  |  | (0.2 | ) |  |  | (0.3 | )
2.3% Senior notes due December 15, 2031 |  |  | 400.0 |  |  |  | 400.0 |
Less: Discount |  |  | (0.8 | ) |  |  | (0.8 | )
3.95% Senior notes due August 1, 2047 |  |  | 400.0 |  |  |  | 400.0 |
Less: Discount |  |  | (2.4 | ) |  |  | (2.5 | )
5.00% Senior notes due June 15, 2052 |  |  | 500.0 |  |  |  | 0.0 |
Less: Discount |  |  | (0.2 | ) |  |  | 0.0 |
Debt issuance costs, net |  |  | (17.0 | ) |  |  | (11.2 | )
Total long-term debt |  |  | 2,504.4 |  |  |  | 2,310.1 |
Less: Current maturities |  |  | (400.0 | ) |  |  | (699.4 | )
Net long-term debt |  | $ | 2,104.4 |  |  | $ | 1,610.7 |
(1) In October 2022, the Company repaid the full amount of the 2.875% Senior Notes due October 1, 2022 with a portion of the proceeds from the 5.00% Senior notes issued on June 2, 2022 and due June 15, 2052 and cash on hand.

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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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