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Debt (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Outstanding Debt | The following table summarizes our outstanding debt obligations.
As of December 31 | 2023 |  | 2022
Commercial paper(a) | $ | 184.9 |  |  | $ | 448.3 |
Short-term loans | 0.5 |  |  | 0.5 |
Current maturities of long-term debt | 2.3 |  |  | 2.2 |
Total short-term borrowings | 187.7 |  |  | 451.0 |
Non-current maturities of long-term debt | 5.7 |  |  | 7.7 |
Total debt | $ | 193.4 |  |  | $ | 458.7 |
(a)The decrease in commercial paper outstanding from December 31, 2022 to December 31, 2023 was primarily related to higher share repurchase and acquisition activity in the prior year that was financed using commercial paper, and timing of repayments. See Note 18, Capital Stock, and Note 22, Acquisitions, Investments, and Divestitures, for additional information.
Schedule of Commercial Paper | The following table presents our outstanding commercial paper borrowings and associated weighted average interest rates.
As of or for the Year Ended December 31 |  | 2023 |  | 2022
Commercial Paper Outstanding - U.S. Program |  | $ | 184.9 |  |  | $ | 299.2 |
Commercial Paper Outstanding - Euro Program |  | — |  |  | 149.1 |
Total Commercial Paper Outstanding |  | $ | 184.9 |  |  | $ | 448.3 |
Weighted Average Interest Rate - U.S. Program |  | 5.61 | % |  | 4.92 | %
Weighted Average Interest Rate - Euro Program |  | N/A |  | 2.31 | %
Outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance.

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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 No definition available. + Details
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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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