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

3 Months Ended

Mar. 31, 2025

Debt is composed of the following obligations.


($ in millions)	March 31, 2025		December 31, 2024
Short-term debt:
Local overdraft facilities	$	17.0	18.9
Other short-term borrowings	71.3		134.9
Commercial paper, net of debt issuance costs of $1.7 and $0.7	898.3		199.3
Total short-term debt, net of debt issuance costs	$	986.6	353.1
Credit facility, net of debt issuance costs of $10.7 and $11.4	409.3		88.6
Long-term senior notes, 1.96%, face amount of €175.0, due June 2027, net of debt issuance costs of $0.3 and $0.3	188.7		181.2
Long-term senior notes, 6.875%, face amount of $400.0, due December 2028, net of debt issuance costs of $5.3 and $5.6	394.7		394.4
Long-term senior notes, 2.21%, face amount of €175.0, due June 2029, net of debt issuance costs of $0.4 and $0.5	188.7		181.1
Total debt, net of debt issuance costs	$	2,168.0	1,198.4

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

The following table provides additional information on our Program, Facility and Uncommitted Facility, collectively.


	Three Months Ended March 31,
($ in millions)		2025			2024
Average outstanding borrowings		$	1,003.3		1,056.7
Average effective interest rate		5.0		%	6.1	%

We will continue to use the Facility for, but not limited to, business acquisitions, working capital needs (including payment of accrued incentive compensation), co-investment activities, share repurchases and capital expenditures.