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Debt (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Debt maturing within one year

Debt maturing within one year:

(in Millions)			March 31, 2021						December 31, 2020
Short-term foreign debt (1)			$	102.4					$	98.4
Commercial paper (2)			486.9						146.3
Total short-term debt			$	589.3					$	244.7
Current portion of long-term debt			385.1						93.6
Total short-term debt and current portion of long-term debt			$	974.4					$	338.3

____________________

(1)    At March 31, 2021, the average effective interest rate on the borrowings was 12.0 percent.

(2)    At March 31, 2021, the average effective interest rate on the borrowings was 0.51 percent.

Schedule of long-term debt

Long-term debt:

(in Millions)			March 31, 2021
			Interest Rate Percentage						Maturity Date						March 31, 2021						December 31, 2020
Pollution control and industrial revenue bonds (less unamortized discounts of $0.1 and $0.1, respectively)			0.25% - 6.45%						2021 - 2032						$	51.6					$	51.6
Senior notes (less unamortized discount of $0.9 and $1.0, respectively)			3.2% - 4.5%						2022 - 2049						2,199.1						2,199.0
2017 Term Loan Facility			1.36%						2022						700.0						700.0
Revolving Credit Facility (1)			2.8%						2024						—						—
Foreign debt			0% - 6.1%						2021 - 2024						84.0						92.3
Debt issuance cost															(18.2)						(19.8)
Total long-term debt															$	3,016.5					$	3,023.1
Less: debt maturing within one year															385.1						93.6
Total long-term debt, less current portion															$	2,631.4					$	2,929.5

____________________

(1)Letters of credit outstanding under our Revolving Credit Facility totaled $215.7 million and available funds under this facility were $797.3 million at March 31, 2021.

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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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