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FINANCING (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Carrying Value of Debt
The carrying value of the components of our long-term debt as of December 31 were as follows ($ in millions):
20232022
U.S. dollar-denominated commercial paper$1,251.2 $405.0 
Delayed-Draw Term Loan due 2024
550.0 — 
Euro Term Loan due 2025303.6 294.4 
Yen Term Loan due 2025102.1 109.8 
3.15% senior unsecured notes due 2026
900.0 900.0 
4.30% senior unsecured notes due 2046
550.0 550.0 
Delayed-Draw Term Loan due 2023— 1,000.0 
Long-term debt, principal amounts3,656.9 3,259.2 
Less: aggregate unamortized debt discounts, premiums, and issuance costs10.7 7.9 
Long-term debt, carrying value3,646.2 3,251.3 
Less: current portion of long-term debt— 999.7 
Long-term debt, net of current maturities$3,646.2 $2,251.6 
Schedule of Short-Term Debt
The details of our Commercial Paper Programs as of December 31, 2023 were as follows ($ in millions):
Carrying value (a)
Weighted average annual effective rateWeighted average maturity (in days)
U.S. dollar-denominated commercial paper$1,246.8 5.7 %40
(a) Net of unamortized debt discount.
Schedule of Debt
Registered Notes SeriesCall Dates
3.15% senior unsecured notes due 2026
March 15, 2026
4.30% senior unsecured notes due 2046
December 15, 2045
Schedule of Maturities of Long-term Debt The future minimum principal payments due are presented in the following table:
Term
Loans		Registered NotesTotal
2024 (a)
$550.0 $— $550.0 
2025405.7 — 405.7 
2026— 900.0 900.0 
2027— — — 
2028— — — 
Thereafter— 550.0 550.0 
Total principal payments (b)
$955.7 $1,450.0 $2,405.7 
(a) This outstanding principal amount is related to the Delayed Draw Term Loan due 2024.
(b) Not included in the table above are discounts, premiums and issuance costs associated with the Registered Notes and Commercial Paper, which totaled $6.3 million as of December 31, 2023, and have been recorded as an offset to the carrying amount of the related debt in the accompanying Consolidated Balance Sheet as of December 31, 2023. In addition, the table above does not include principal balance of $1,251.2 million under the Commercial Paper Program.