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Fair Value (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Recurring Fair Value Measures
 Fair Value as of December 31, 2024
Recurring Fair Value MeasuresLevel 1Level 2Level 3Total
Millions    
Assets:    
Investments (a)
Available-for-sale – Equity Securities$8.6$8.6
Available-for-sale – Corporate and Governmental Debt Securities (b)
$6.86.8
Cash Equivalents8.58.5
Total Fair Value of Assets$17.1$6.8$23.9
Liabilities:     
Deferred Compensation (c)
$21.1$21.1
Total Fair Value of Liabilities$21.1$21.1
(a)Included in Other Non-Current Assets on the Consolidated Balance Sheet.
(b)As of December 31, 2024, the aggregate amount of available-for-sale corporate and governmental debt securities maturing in one year or less was $2.0 million, in one year to less than three years was $2.8 million, in three years to less than five years was $1.5 million and in five or more years was $0.5 million.
(c)Included in Other Non-Current Liabilities on the Consolidated Balance Sheet.

 Fair Value as of December 31, 2023
Recurring Fair Value MeasuresLevel 1Level 2Level 3Total
Millions    
Assets:    
Investments (a)
Available-for-sale – Equity Securities$8.7$8.7
Available-for-sale – Corporate and Governmental Debt Securities$6.06.0
Cash Equivalents5.85.8
Total Fair Value of Assets$14.5$6.0$20.5
Liabilities: (b)
    
Deferred Compensation$16.5$16.5
Total Fair Value of Liabilities$16.5$16.5
(a)Included in Other Non-Current Assets on the Consolidated Balance Sheet.
(b)Included in Other Non-Current Liabilities on the Consolidated Balance Sheet.
Financial Instruments
Financial InstrumentsCarrying AmountFair Value
Millions  
Short-Term and Long-Term Debt (a)
  
December 31, 2024$1,808.0$1,668.0
December 31, 2023$1,799.4$1,670.6
(a) Excludes unamortized debt issuance costs.