Derivatives and Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Recorded Amounts and Estimated Fair Values of Long-term Debt and Derivative Financial Instruments

The recorded amounts and estimated fair values of total debt, excluding unamortized issuance costs and discounts, were as follows:

	March 31, 2024				December 31, 2023
In millions	Recorded Amount		Fair Value		Recorded Amount		Fair Value
Variable rate debt	$	485.0	$	485.0	$	492.5	$	492.5
Fixed rate debt	1,300.0		1,241.9		1,300.0		1,261.6
Total debt	$	1,785.0	$	1,726.9	$	1,792.5	$	1,754.1

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis were as follows:

Recurring fair value measurements	March 31, 2024
In millions	Level 1		Level 2		Level 3		NAV		Total
Cross currency swap liabilities	$	—	$	(14.4)	$	—	$	—	$	(14.4)
Cross currency swap assets	—		5.3		—		—		5.3
Foreign currency contract liabilities	—		(1.0)		—		—		(1.0)
Foreign currency contract assets	—		0.7		—		—		0.7
Deferred compensation plan assets	13.3		—		—		6.7		20.0
Total recurring fair value measurements	$	13.3	$	(9.4)	$	—	$	6.7	$	10.6

Recurring fair value measurements	December 31, 2023
In millions	Level 1		Level 2		Level 3		NAV		Total
Cross currency swap liabilities	$	—	$	(21.7)	$	—	$	—	$	(21.7)
Cross currency swap assets	—		3.9		—		—		3.9
Foreign currency contract liabilities	—		(0.8)		—		—		(0.8)
Foreign currency contract assets	—		2.1		—		—		2.1
Deferred compensation plan assets	13.3		—		—		6.1		19.4
Total recurring fair value measurements	$	13.3	$	(16.5)	$	—	$	6.1	$	2.9