Derivatives and Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Recorded Amounts and Estimated Fair Values of Long-term Debt and Derivative Financial Instruments

The recorded amounts and estimated fair values of total debt, excluding unamortized issuance costs and discounts, were as follows:

	March 31, 2024				December 31, 2023
In millions	Recorded Amount		Fair Value		Recorded Amount		Fair Value
Variable rate debt	$	1,282.7	$	1,282.7	$	1,187.5	$	1,187.5
Fixed rate debt	819.3		808.0		819.3		824.5
Total debt	$	2,102.0	$	2,090.7	$	2,006.8	$	2,012.0

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring and nonrecurring basis were as follows:

	March 31, 2024
In millions	Level 1		Level 2		Level 3		NAV		Total
Recurring fair value measurements
Interest rate contract assets	$	—	$	4.8	$	—	$	—	$	4.8
Foreign currency contract assets	—		4.9		—		—		4.9
Foreign currency contract liabilities	—		(52.3)		—		—		(52.3)
Deferred compensation plan assets	12.9		—		—		14.5		27.4
Total recurring fair value measurements	$	12.9	$	(42.6)	$	—	$	14.5	$	(15.2)

	December 31, 2023
In millions	Level 1		Level 2		Level 3		NAV		Total
Recurring fair value measurements
Interest rate contract assets	$	—	$	0.3	$	—	$	—	$	0.3
Foreign currency contract assets	—		0.2		—		—		0.2
Foreign currency contract liabilities	—		(70.0)		—		—		(70.0)
Deferred compensation plan assets	12.1		—		—		14.0		26.1
Total recurring fair value measurements	$	12.1	$	(69.5)	$	—	$	14.0	$	(43.4)