v3.25.4

Financing (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt Outstanding

The Company had the following debt outstanding as of December 31:

($ in millions)			2025						2024
Short-term borrowings:
Short-term borrowings and bank overdrafts			$	2.4					$	2.3
Long-term debt:
Three-Year Term Loans due 2028(a)			$	500.0					$	550.0
1.800% senior unsecured notes due 2026			500.0						500.0
2.400% senior unsecured notes due 2028			500.0						500.0
2.950% senior unsecured notes due 2031			600.0						600.0
Revolving Credit Facility due 2030			—						—
Total long-term debt			2,100.0						2,150.0
Less: current portion of long-term debt(a)			(499.8)						(50.0)
Less: discounts and debt issuance costs			(6.0)						(8.0)
Total long-term debt, net			$	1,594.2					$	2,092.0

(a) During February 2025, the Company repaid $50.0 million of the Three-Year Term Loans originally due 2025 and executed an amendment to extend the maturity date to February 2028. As of December 31, 2024, the Company classified $50.0 million and $500.0 million of the Three-Year Terms Loans originally due 2025 as a current liability and long-term liability, respectively, on the Consolidated Balance Sheets.

Schedule of Maturities of Long-Term Debt

As of December 31, 2025, the contractual maturities of the Company’s long-term debt were as follows:

($ in millions)
2026			$	500.0
2027			—
2028			1,000.0
2029			—
2030			—
Thereafter			600.0
Total principal payments			$	2,100.0

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