FINANCING (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Carrying Value of Debt

The components of our debt as of December 31 were as follows ($ in millions):

	2024		2023
U.S. dollar-denominated commercial paper	$	650.0	$	1,251.2
3.7% Euro-denominated senior unsecured notes due 2026	517.7		—
3.7% Euro-denominated senior unsecured notes due 2029	724.8		—
Euro Term Loan due 2025	284.7		303.6
Yen Term Loan due 2025	91.6		102.1
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 2024	—		550.0
Long-term debt, principal amounts	3,718.8		3,656.9
Less: aggregate unamortized debt discounts, premiums, and issuance costs	11.5		10.7
Long-term debt, carrying value	3,707.3		3,646.2
Less: current portion of long-term debt	376.2		—
Long-term debt, net of current maturities	$	3,331.1	$	3,646.2

Schedule of Short-Term Debt

The details of our Commercial Paper Programs as of December 31, 2024 were as follows ($ in millions):

	Carrying value (a)		Weighted average annual effective rate		Weighted average maturity (in days)
U.S. dollar-denominated commercial paper	$	648.9	4.7	%	39
(a) Net of unamortized debt discount.

Schedule of Debt

Registered Notes Series	Call 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 Company’s future minimum principal payments due are presented in the following table:

2025	$	376.3
2026	1,417.7
2027	—
2028	—
2029	724.8
Thereafter	550.0
Total principal payments (a)	$	3,068.8
(a) The table above does not include principal balance of $650 million under the Commercial Paper Program.