GUARANTEES

9 Months Ended

Sep. 30, 2022

Guarantees [Abstract]

GUARANTEES

GUARANTEES

The following table shows our outstanding guarantees:

	Total Amounts Committed at September 30, 2022		Expiration
(in millions)			Less Than 1 Year		1 to 3 Years		Over 3 Years
Standby letters of credit (1)	$	83.8	$	10.5	$	0.2	$	73.1
Surety bonds (2)	12.0		11.9		0.1		—
Other guarantees (3)	9.5		—		—		9.5
Total guarantees	$	105.3	$	22.4	$	0.3	$	82.6

(1)At our request or the request of our subsidiaries, financial institutions have issued standby letters of credit for the benefit of third parties that have extended credit to our subsidiaries. These amounts are not reflected on our balance sheets.

(2)Primarily for workers compensation self-insurance programs and obtaining various licenses, permits, and rights-of-way. These amounts are not reflected on our balance sheets.

(3)Related to workers compensation coverage for which a liability was recorded on our balance sheets.