Short-Term Borrowings and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Components of Short-Term Borrowings and Long-Term Debt

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

	December 31,			December 31,
	2021			2020
Short-term borrowings
Commercial paper issuances	$	249.7		$	349.0
Various debt due to international banks		3.1			2.4
Total short-term borrowings	$	252.8		$	351.4
Long-term debt
Term loan due May 1, 2022	$	0.0		$	300.0
2.45% Senior notes due August 1, 2022		300.0			300.0
Less: Discount		0.0			(0.1	)
2.875% Senior notes due October 1, 2022		400.0			400.0
Less: Discount		(0.1	)		(0.1	)
Term loan due December 22, 2024		400.0			0.0
3.15% Senior notes due August 1, 2027		425.0			425.0
Less: Discount		(0.3	)		(0.3	)
2.3% Senior notes due December 15, 2031		400.0			0.0
Less: Discount		(0.8	)		0.0
3.95% Senior notes due August 1, 2047		400.0			400.0
Less: Discount		(2.5	)		(2.6	)
Debt issuance costs, net		(11.2	)		(9.4	)
Total long-term debt		2,310.1			1,812.5
Less: current maturities		(699.4	)		0.0
Net long-term debt	$	1,610.7		$	1,812.5