Financing (Tables)

6 Months Ended

Jun. 30, 2023

The Company had the following debt outstanding as of:


($ in millions)	June 30, 2023		December 31, 2022
Short-term borrowings:
Short-term borrowings and bank overdrafts	$	8.7	$	4.6

Long-term debt:
Three-Year Term Loans due 2024	$	235.0	$	400.0
Three-Year Term Loans due 2025	600.0		600.0
1.800% senior unsecured notes due 2026	500.0		500.0
2.400% senior unsecured notes due 2028	500.0		500.0
2.950% senior unsecured notes due 2031	600.0		600.0
Revolving Credit Facility due 2026	—		—
Total long-term debt	2,435.0		2,600.0
Less: discounts and debt issuance costs	(12.6)		(14.3)
Total long-term debt, net	$	2,422.4	$	2,585.7

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details