Financing

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Financing

Financing

Our debt consisted of the following:

(in millions)	March 31, 2022		December 31, 2021
Commercial paper	$	104.0	$	—
Total short-term borrowings	$	104.0	$	—
4.45% notes due December 2023	$	299.5	$	299.4
6.55% notes due November 2036	198.5		198.5
4.20% notes due March 2048	346.4		346.3
Other deferred financing costs associated with credit facilities	(1.7)		(1.8)
Total long-term debt	$	842.7	$	842.4
Debt discounts and debt issuance costs totaled $5.6 million and $5.7 million as of each of March 31, 2022 and December 31, 2021, respectively, and have been netted against the aggregate principal amounts of the related debt in the components of the debt table above.

Commercial paper program - On July 28, 2021, we increased the size of the commercial paper program (“CP Program”) to permit the issuance of short-term, unsecured commercial paper notes in an aggregate principal amount not to exceed $650 million at any time outstanding. Prior to this increase, the CP Program permitted us to issue commercial paper notes in an aggregate principal amount not to exceed $550 million at any time outstanding. The other terms and conditions of the CP program remain the same. Amounts available under the CP Program may be borrowed, repaid and re-borrowed from time to time. The notes will have maturities of up to 397 days from date of issue. The notes rank at least pari passu with all of our other unsecured and unsubordinated indebtedness. As of March 31, 2022 and December 31, 2021, there was $104.0 million and $0.0 million, respectively, of outstanding borrowings under the commercial paper program.