XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.25.3

DEBT (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | Long-term loans, notes and other financing obligations, consisted of the following:
| September 30, 2025 |  | December 31, 2024 |  | September 30, 2024
Financing Obligations | ($ in millions)
Fixed-rate Financing |  |  |  |  |
9.50% senior notes, due 2025 (2025 Notes) | $ | — |  |  | $ | 108.6 |  |  | $ | 108.6 |
5.125% senior notes, due 2027 (2027 Notes) | — |  |  | 500.0 |  |  | 500.0 |
5.625% senior notes, due 2029 | 669.3 |  |  | 669.3 |  |  | 669.3 |
5.00% senior notes, due 2030 | 515.3 |  |  | 515.3 |  |  | 515.3 |
6.625% senior notes, due 2033 (2033 Notes) | 600.0 |  |  | — |  |  | — |
Variable-rate Financing |  |  |  |  |
Term Loan Facilities | 641.9 |  |  | 332.5 |  |  | 334.7 |
Revolving Credit Facilities | 30.0 |  |  | 170.0 |  |  | 350.0 |
Receivables Financing Agreements | 470.0 |  |  | 475.0 |  |  | 339.8 |
Recovery zone bonds | 83.0 |  |  | 83.0 |  |  | 83.0 |
Industrial development and environmental improvement obligations | 2.9 |  |  | 2.9 |  |  | 2.9 |
Other |  |  |  |  |
Deferred debt issuance costs | (19.0) |  |  | (14.3) |  |  | (14.0) |
Unamortized bond original issue discount | — |  |  | (0.1) |  | (0.1)
Total debt | 2,993.4 |  |  | 2,842.2 |  |  | 2,889.5 |
Amounts due within one year | 19.2 |  |  | 129.0 |  |  | 123.9 |
Total long-term debt | $ | 2,974.2 |  |  | $ | 2,713.2 |  |  | $ | 2,765.6 |
Schedule of Debt | During the nine months ended September 30, 2025 and 2024, activity of our outstanding debt included:
|  | Nine Months Ended September 30,
|  | 2025 |  | 2024
Long-term Debt Borrowings (Repayments) |  | ($ in millions)
Borrowings |  |  |  |
Term Loan Facilities |  | $ | 650.0 |  |  | $ | — |
Revolving Credit Facilities |  | 610.0 |  |  | 490.0 |
Receivables Financing Agreements |  | 625.0 |  |  | 97.4 |
2033 Notes |  | 600.0 |  |  | — |
Total borrowings |  | 2,485.0 |  |  | 587.4 |
Repayments |  |  |  |
Go zone bonds, due 2024 |  | — |  |  | (50.0) |
Recovery zone bonds, due 2024 |  | — |  |  | (20.0) |
Term Loan Facilities |  | (340.6) |  |  | (6.6) |
Revolving Credit Facilities |  | (750.0) |  |  | (208.0) |
Receivables Financing Agreements |  | (630.0) |  |  | (86.1) |
2025 Notes |  | (108.6) |  |  | — |
2027 Notes |  | (500.0) |  |  | — |
Total repayments |  | (2,329.2) |  |  | (370.7) |
Long-term debt borrowings, net |  | $ | 155.8 |  |  | $ | 216.7 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration