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Debt (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Debt maturing within one year Debt maturing within one year:
(in Millions)September 30, 2022December 31, 2021
Short-term foreign debt (1)
$80.1 $112.2 
Commercial paper (2)
660.3 244.1 
Total short-term debt$740.4 $356.3 
Current portion of long-term debt85.9 84.5 
Total short-term debt and current portion of long-term debt (3)
$826.3 $440.8 
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(1)At September 30, 2022, the average effective interest rate on the borrowings was 16.8 percent.
(2)At September 30, 2022, the average effective interest rate on the borrowings was 3.52 percent.
(3)Based on cash generated from operations, our existing liquidity facilities, which includes the revolving credit agreement with the option to increase capacity up to $2.75 billion, and our continued access to debt capital markets, we have adequate liquidity to meet any of the company's debt obligations in the near term.
Schedule of long-term debt
Long-term debt:
(in Millions)September 30, 2022  
Interest Rate PercentageMaturity
Date		September 30, 2022December 31, 2021
Pollution control and industrial revenue bonds (less unamortized discounts of $0.1 and $0.1, respectively)
6.45%
2032
$49.9 $49.9 
Senior notes (less unamortized discount of $0.6 and $0.7, respectively)
3.20% - 4.50%
2024 - 2049
1,899.4 1,899.3 
2021 Term Loan Facility4.15%2024800.0 800.0 
Revolving Credit Facility (1)
5.80%2027— — 
Foreign debt
0% - 15.30%
2023 - 2024
85.9 84.7 
Debt issuance cost(16.8)(17.7)
Total long-term debt$2,818.4 $2,816.2 
Less: debt maturing within one year85.9 84.5 
Total long-term debt, less current portion$2,732.5 $2,731.7 
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(1)Letters of credit outstanding under our Revolving Credit Facility totaled $160.0 million and available funds under this facility were $1,179.7 million at September 30, 2022.