XML 62 R26.htm IDEA: XBRL DOCUMENT v3.23.2
Debt Short-Term Borrowings and Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
Debt is composed of the following obligations.
($ in millions)June 30, 2023December 31, 2022
Short-term debt:
Local overdraft facilities$13.0 21.2 
Other short-term borrowings99.1 143.0 
Total short-term debt$112.1 164.2 
Credit facility, net of debt issuance costs of $9.5 and $11.2
1,840.5 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
190.4 186.5 
Long-term senior notes, 2.21%, face amount of €175.0, due June 2029, net of debt issuance costs of $0.6 and $0.6
190.3 186.3 
Total debt$2,333.3 1,750.8 
Schedule of Credit Facility, Average Outstanding Amount [Table Text Block]
Three Months Ended June 30,Six Months Ended June 30,
($ in millions)2023202220232022
Average outstanding borrowings $2,315.8 1,581.9 $2,019.5 1,135.0 
Average effective interest rate5.9 %1.6 %5.7 %1.4 %