Short-Term Borrowings and Long-Term Debt

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Short-Term Borrowings and Long-Term Debt

14. Short-Term Borrowings and Long-Term Debt

Short-term borrowings and long-term debt consist of the following:

	March 31,			December 31,
	2021			2020
Short-term borrowings
Commercial paper issuances	$	279.7		$	349.0
Various debt due to international banks		2.5			2.4
Total short-term borrowings	$	282.2		$	351.4
Long-term debt
Term loan due May 1, 2022		300.0			300.0
2.45% Senior notes due August 1, 2022		300.0			300.0
Less: Discount		(0.1	)		(0.1	)
2.875% Senior notes due October 1, 2022		400.0			400.0
Less: Discount		(0.1	)		(0.1	)
3.15% Senior notes due August 1, 2027		425.0			425.0
Less: Discount		(0.3	)		(0.3	)
3.95% Senior notes due August 1, 2047		400.0			400.0
Less: Discount		(2.6	)		(2.6	)
Debt issuance costs, net		(8.8	)		(9.4	)
Net long-term debt	$	1,813.1		$	1,812.5