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Short-Term Borrowings and Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2022

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.