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Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of long-term debt, including current maturites

Long-term debt as of December 31, 2024 and 2023, respectively, consisted of the following:

																								2024																								2023
(in millions)						Stated Interest Rate						Effective Interest Rate						Maturity Date						Stated Value						Combination Fair Market Value Adjustment						Discount on Notes Issuance						Carrying Value						Stated Value						Combination Fair Market Value Adjustment						Discount on Notes Issuance						Carrying Value
Unsecured notes						4.05% - 5.63%						5.49%						2027- 2043						$	2,500.0					$	—					$	(5.1)					$	2,494.9					$	2,500.0					$	—					$	(5.8)					$	2,494.2
Unsecured debentures						7.30%						7.19%						2028						147.1						0.3						—						147.4						147.1						0.4						—						147.5
Term Loan						30 Day SOFR						7.08%						2033						570.0						—						—						570.0						500.0						—						—						500.0
Finance leases						0.77% - 13.02%						5.75%						2025- 2034						144.8						—						—						144.8						180.0						—						—						180.0
Other(a)						6.53% - 8.00%						5.59%						2025- 2026						17.1						3.4						—						20.5						35.0						5.0						—						40.0
Total long-term debt																								3,379.0						3.7						(5.1)						3,377.6						3,362.1						5.4						(5.8)						3,361.7
Less current portion																								45.4						0.4						(0.5)						45.3						129.2						1.3						(0.4)						130.1
Total long-term debt, less current maturities																								$	3,333.6					$	3.3					$	(4.6)					$	3,332.3					$	3,232.9					$	4.1					$	(5.4)					$	3,231.6

______________________________

(a) Includes deferred financing fees related to our long-term debt.

Scheduled maturities of long-term debt

Scheduled maturities of long-term debt are as follows for the periods ending December 31:

(in millions)
2025			$	45.3
2026			33.8
2027			717.5
2028			561.0
2029			57.2
Thereafter			1,962.8
Total			$	3,377.6

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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

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