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Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt Maturing Within One Year

Debt maturing within one year:

(in Millions)			March 31, 2025						December 31, 2024
Short-term foreign debt (1)			$	199.1					$	135.7
Commercial paper (2)			694.8						125.6
Total short-term debt			$	893.9					$	261.3
Current portion of long-term debt			81.9						76.1
Total short-term debt and current portion of long-term debt (3)			$	975.8					$	337.4

____________________

(1)At March 31, 2025, the average effective interest rate on the borrowings was 9.2 percent.

(2)At March 31, 2025, the average effective interest rate on the borrowings was 5.1 percent.

(3)Based on cash generated from operations, our existing liquidity facilities, which includes the revolving credit agreement with the option to increase capacity up to $2.75 billion, and our continued access to debt capital markets, we have adequate liquidity to meet any of the company's debt obligations in the near term including any current portion of long-term debt.

Schedule of Long-Term Debt

Long-term debt:

(in Millions)			March 31, 2025
			Interest Rate Percentage						Maturity Date						March 31, 2025						December 31, 2024
Pollution control and industrial revenue bonds (less unamortized discounts of $0.1 and $0.1, respectively)			6.45%						2032						$	49.9					$	49.9
Senior notes (less unamortized discount of $1.6 and $1.6, respectively)			3.2% - 6.4%						2026 - 2053						2,998.4						2,998.4
Revolving Credit Facility (1)			7.1%						2028						—						—
Foreign debt			12.1% - 12.6%						2025						81.9						76.1
Debt issuance cost															(20.6)						(20.4)
Total long-term debt															$	3,109.6					$	3,104.0
Less: debt maturing within one year															81.9						76.1
Total long-term debt, less current portion															$	3,027.7					$	3,027.9

____________________

(1)Letters of credit outstanding under our Revolving Credit Facility totaled $210.1 million and available funds under this facility were $1,095.1 million at March 31, 2025.

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