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Debt - Debt by Type (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Debt Disclosure [Abstract]    
Commercial paper(a) $ 424.5 [1] $ 184.9
Short-term loans 0.5 0.5
Current maturities of long-term debt 2.6 2.3
Total short-term borrowings 427.6 187.7
Non-current maturities of long-term debt(b) 232.6 [2] 5.7
Total debt $ 660.2 $ 193.4
[1] The increase in commercial paper outstanding from December 31, 2023 to December 31, 2024 was primarily related to acquisition activity that was partially financed using commercial paper, and timing of repayments. Note 21, Acquisitions, Investments, and Divestitures, for additional information.
[2] Long-term debt is primarily related to a term loan that the Company entered into in September 2024 in connection with the acquisition of kSARIA. See additional details in section titled, “U.S. Term Loan”, below.