Debt, including Finance Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Current and long-term debt including finance lease obligations consisted of the following:

In millions, except percentages	June 30, 2025		December 31, 2024
Revolving Credit Facility and other lines of credit (1)(2)	$	591.0	$	695.0
3.88% Senior Notes due 2028	550.0		550.0
Finance lease obligations (3)	99.5		100.0
Accounts receivable securitization (4)	91.4		58.3
Other notes payable	2.1		1.9
Total debt including finance lease obligations	$	1,334.0	$	1,405.2
Less: debt issuance costs	3.7		4.2
Total debt including finance lease obligations, net of debt issuance costs	$	1,330.3	$	1,401.0
Less: debt maturing within one year (5)	94.7		61.3
Long-term debt including finance lease obligations	$	1,235.6	$	1,339.7

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(1) Letters of credit outstanding under the revolving credit facility were $9.0 million and $2.6 million and available funds under the facility were $400.0 million and $302.4 million at June 30, 2025 and December 31, 2024, respectively.

(2) The effective interest rate associated with our revolving credit facility, exclusive of any floating-to-fixed interest rate instrument, was 6.59 percent and 7.48 percent for the period ended June 30, 2025 and December 31, 2024, respectively.

(3) As of June 30, 2025 and December 31, 2024, $80.0 million of the finance lease obligations upon maturity will be settled utilizing liquid assets that have been placed into a trust established strictly for this purpose. The trust is presented as Restricted investments on the condensed consolidated balance sheets in the amount of $83.0 million and $81.6 million as of June 30, 2025 and December 31, 2024, respectively. Refer to Note 4, under the section: Restricted Investment, for more information.

(4) The effective interest rate associated with our accounts receivable securitization program was 5.25 percent and 6.65 percent for the period ended June 30, 2025 and December 31, 2024, respectively.

(5) Debt maturing within one year is included in "Notes payable and current maturities of long-term debt" on the condensed consolidated balance sheets.