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

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Debt is composed of the following obligations.

($ in millions)			March 31, 2023			December 31, 2022
Short-term debt:
Local overdraft facilities			$	10.9		21.2
Other short-term borrowings			93.4			143.0
Total short-term debt			$	104.3		164.2
Credit facility, net of debt issuance costs of $10.3 and $11.2			2,089.7			1,213.8
Long-term senior notes, 1.96%, face amount of €175.0, due June 2027, net of debt issuance costs of $0.5 and $0.5			189.7			186.5
Long-term senior notes, 2.21%, face amount of €175.0, due June 2029, net of debt issuance costs of $0.7 and $0.7			189.5			186.3
Total debt			$	2,573.2		1,750.8

Schedule of Credit Facility, Average Outstanding Amount [Table Text Block]

						Three Months Ended March 31,
($ in millions)									2023			2022
Average outstanding borrowings									$	1,719.9		683.2
Average effective interest rate									5.4		%	1.0		%

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Schedule of Credit Facility, Average Outstanding Amount [Table Text Block]

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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.

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