SHORT-TERM DEBT AND LINES OF CREDIT

6 Months Ended

Jun. 30, 2025

Short-Term Debt [Abstract]

SHORT-TERM DEBT AND LINES OF CREDIT

SHORT-TERM DEBT AND LINES OF CREDIT

The following table shows our short-term borrowings and their corresponding weighted-average interest rates:

(in millions, except percentages)	June 30, 2025			December 31, 2024
Commercial paper
Amount outstanding	$	83.5		$	62.0
Weighted-average interest rate on amounts outstanding	4.52		%	4.52		%

Our average amount of commercial paper borrowings based on daily outstanding balances during the six months ended June 30, 2025 was $43.6 million with a weighted-average interest rate during the period of 4.53%.

The information in the table below relates to our revolving credit facility used to support our commercial paper borrowing program, including available capacity under this facility:

(in millions)	Maturity	June 30, 2025
Revolving credit facility	September 2026	$	400.0
Less:
Letters of credit issued inside credit facility		$	1.3
Commercial paper outstanding		83.5
Available capacity under existing credit facility		$	315.2