v3.25.4

Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Debt and Average Interest Rates on Debt Outstanding

Debt and the average interest rates on debt outstanding were as follows:

In millions			Average interest rate at			Maturity year			December 31
			December 31, 2025						2025			2024
Revolving credit facility			N/A			2030			$	—		$	—
2021 Term loan facility			N/A			2026			—			88.8
2023 Term loan facility			N/A			2028			—			277.5
2024 Term loan facility			N/A			2026			—			500.0
2025 Term loan facility			4.977%			2030			268.2			—
Senior notes - fixed rate			4.550%			2028			500.0			500.0
Senior notes - fixed rate			2.750%			2031			300.0			300.0
Senior notes - fixed rate			5.650%			2033			500.0			500.0
Unamortized issuance costs and discounts			N/A			N/A			(8.4)			(11.3)
Total debt									1,559.8			2,155.0
Less: Current maturities and short-term borrowings									(13.8)			(37.5)
Long-term debt									$	1,546.0		$	2,117.5

Debt Outstanding Matures on Calendar Year Basis

Debt outstanding at December 31, 2025, excluding unamortized issuance costs and discounts, matures on a calendar year basis as follows:

In millions			2026			2027			2028			2029			2030			Thereafter			Total
Contractual debt obligation maturities			$	13.8		$	13.8		$	517.2		$	20.6		$	202.8		$	800.0		$	1,568.2

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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

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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