Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Outstanding Debt

The following table summarizes our outstanding debt obligations.

As of December 31	2025		2024
Commercial paper	$	258.0	$	424.5
Short-term loans	0.5		0.5
Current maturities of long-term debt	2.8		2.6
Total short-term borrowings	261.3		427.6
Non-current maturities of long-term debt	521.5		232.6
Total debt	$	782.8	$	660.2

Schedule of Commercial Paper

The following table presents our outstanding commercial paper borrowings and associated weighted average interest rates.

As of or for the Year Ended December 31	2025			2024
Commercial Paper Outstanding - U.S. Program	$	—		$	424.4
Commercial Paper Outstanding - Euro Program	258.0			—
Total Commercial Paper Outstanding	$	258.0		424.4
Weighted Average Interest Rate - U.S. Program	N/A			4.80		%
Weighted Average Interest Rate - Euro Program	2.42		%	N/A

Schedule of Maturities of Long-Term Debt

Total outstanding borrowings under the 2025 Term Loan Credit Agreement were 520.0, as of December 31, 2025. The following table provides the future maturities related to the outstanding balance as of December 31, 2025.

2026	$	—
April 2027	520.0
Total maturities	$	520.0