DEBT (Tables)

9 Months Ended

Sep. 30, 2022

DEBT [Abstract]

Debt

	Effective	September 30	December 31	September 30
in millions	Interest Rates	2022	2021	2021
Short-term Debt
Bank line of credit expires 2027 1		$          312.0	$            0.0	$            0.0
Commercial paper expires 2027 1		$              0.0	0.0	0.0
Total short-term debt		$          312.0	$            0.0	$            0.0
Long-term Debt
Bank line of credit expires 2027 1		$              0.0	$            0.0	$            0.0
Commercial paper expires 2027 1		550.0	0.0	0.0
Delayed draw term loan expires 2026		550.0	1,100.0	1,100.0
8.85% notes due 2021		0.0	0.0	6.0
4.50% notes due 2025	4.65%	400.0	400.0	400.0
3.90% notes due 2027	4.00%	400.0	400.0	400.0
3.50% notes due 2030	3.94%	750.0	750.0	750.0
7.15% notes due 2037	8.05%	129.2	129.2	129.2
4.50% notes due 2047	4.59%	700.0	700.0	700.0
4.70% notes due 2048	5.42%	460.9	460.9	460.9
Other notes	0.40%	1.8	9.5	11.1
Total long-term debt - face value		$       3,941.9	$     3,949.6	$     3,957.2
Unamortized discounts and debt issuance costs		(67.2)	(69.6)	(70.9)
Total long-term debt - book value		$       3,874.7	$     3,880.0	$     3,886.3
Less current maturities		0.5	5.2	12.2
Total long-term debt - reported value		$       3,874.2	$     3,874.8	$     3,874.1
Estimated fair value of long-term debt		$       3,620.1	$     4,418.5	$     4,442.1

¹ Borrowings on the bank line of credit and commercial paper are classified as short-term if we intend to repay within twelve months and as long-term if we have the intent and ability to extend payment beyond twelve months.

Standby Letters of Credit

in millions
Standby Letters of Credit
Risk management insurance	$          96.6
Reclamation/restoration requirements	7.5
Total	$        104.1