XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.23.2

Credit and Other Debt Agreements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Debt Disclosure [Abstract] |
Summary of Corporate and Other Debt |
The following is a summary of our corporate and other debt (in millions): |  | June 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Senior Notes: |  |  |  |  |  |
Semi-annual payments of interest, fixed rate of 2.40%, balloon due November 9, 2031 |  | $ | 400.0 |  |  | $ | 400.0 |
Semi-annual payments of interest, fixed rate of 5.50%, balloon due March 2, 2033 |  |  | 350.0 |  |  |  | — |
Semi-annual payments of interest, fixed rate of 3.50%, balloon due May 20, 2051 |  |  | 850.0 |  |  |  | 850.0 |
Semi-annual payments of interest, fixed rate of 3.05%, balloon due March 9, 2052 |  |  | 350.0 |  |  |  | 350.0 |
Semi-annual payments of interest, fixed rate of 5.75%, balloon due March 2, 2053 |  |  | 600.0 |  |  |  | — |
Total Senior Notes |  |  | 2,550.0 |  |  |  | 1,600.0 |
Note Purchase Agreements: |  |  |  |  |  |
Semi-annual payments of interest, fixed rate of 5.49%, balloon due February 10, 2023 |  |  | — |  |  |  | 50.0 |
Semi-annual payments of interest, fixed rate of 4.13%, balloon due June 24, 2023 |  |  | — |  |  |  | 200.0 |
Semi-annual payments of interest, fixed rate of 4.72%, balloon due February 13, 2024 |  |  | 100.0 |  |  |  | 100.0 |
Semi-annual payments of interest, fixed rate of 4.58%, balloon due February 27, 2024 |  |  | 325.0 |  |  |  | 325.0 |
Quarterly payments of interest, floating rate of 90 day LIBOR plus 1.40%, balloon due June 13, 2024 |  |  | — |  |  |  | 50.0 |
Semi-annual payments of interest, fixed rate of 4.31%, balloon due June 24, 2025 |  |  | 200.0 |  |  |  | 200.0 |
Semi-annual payments of interest, fixed rate of 4.85%, balloon due February 13, 2026 |  |  | 140.0 |  |  |  | 140.0 |
Semi-annual payments of interest, fixed rate of 4.73%, balloon due February 27, 2026 |  |  | 175.0 |  |  |  | 175.0 |
Semi-annual payments of interest, fixed rate of 4.40%, balloon due June 2, 2026 |  |  | 175.0 |  |  |  | 175.0 |
Semi-annual payments of interest, fixed rate of 4.36%, balloon due June 24, 2026 |  |  | 150.0 |  |  |  | 150.0 |
Semi-annual payments of interest, fixed rate of 3.75%, balloon due January 30, 2027 |  |  | 30.0 |  |  |  | 30.0 |
Semi-annual payments of interest, fixed rate of 4.09%, balloon due June 27, 2027 |  |  | 125.0 |  |  |  | 125.0 |
Semi-annual payments of interest, fixed rate of 4.09%, balloon due August 2, 2027 |  |  | 125.0 |  |  |  | 125.0 |
Semi-annual payments of interest, fixed rate of 4.14%, balloon due August 4, 2027 |  |  | 98.0 |  |  |  | 98.0 |
Semi-annual payments of interest, fixed rate of 3.46%, balloon due December 1, 2027 |  |  | 100.0 |  |  |  | 100.0 |
Semi-annual payments of interest, fixed rate of 4.55%, balloon due June 2, 2028 |  |  | 75.0 |  |  |  | 75.0 |
Semi-annual payments of interest, fixed rate of 4.34%, balloon due June 13, 2028 |  |  | 125.0 |  |  |  | 125.0 |
Semi-annual payments of interest, fixed rate of 5.04%, balloon due February 13, 2029 |  |  | 100.0 |  |  |  | 100.0 |
Semi-annual payments of interest, fixed rate of 4.98%, balloon due February 27, 2029 |  |  | 100.0 |  |  |  | 100.0 |
Semi-annual payments of interest, fixed rate of 4.19%, balloon due June 27, 2029 |  |  | 50.0 |  |  |  | 50.0 |
Semi-annual payments of interest, fixed rate of 4.19%, balloon due August 2, 2029 |  |  | 50.0 |  |  |  | 50.0 |
Semi-annual payments of interest, fixed rate of 3.48%, balloon due December 2, 2029 |  |  | 50.0 |  |  |  | 50.0 |
Semi-annual payments of interest, fixed rate of 3.99%, balloon due January 30, 2030 |  |  | 341.0 |  |  |  | 341.0 |
Semi-annual payments of interest, fixed rate of 4.44%, balloon due June 13, 2030 |  |  | 125.0 |  |  |  | 125.0 |
Semi-annual payments of interest, fixed rate of 5.14%, balloon due March 13, 2031 |  |  | 180.0 |  |  |  | 180.0 |
Semi-annual payments of interest, fixed rate of 4.70%, balloon due June 2, 2031 |  |  | 25.0 |  |  |  | 25.0 |
Semi-annual payments of interest, fixed rate of 4.09%, balloon due January 30, 2032 |  |  | 69.0 |  |  |  | 69.0 |
Semi-annual payments of interest, fixed rate of 4.34%, balloon due June 27, 2032 |  |  | 75.0 |  |  |  | 75.0 |
Semi-annual payments of interest, fixed rate of 4.34%, balloon due August 2, 2032 |  |  | 75.0 |  |  |  | 75.0 |
Semi-annual payments of interest, fixed rate of 4.59%, balloon due June 13, 2033 |  |  | 125.0 |  |  |  | 125.0 |
Semi-annual payments of interest, fixed rate of 5.29%, balloon due March 13, 2034 |  |  | 40.0 |  |  |  | 40.0 |
Semi-annual payments of interest, fixed rate of 4.48%, balloon due June 12, 2034 |  |  | 175.0 |  |  |  | 175.0 |
Semi-annual payments of interest, fixed rate of 4.24%, balloon due January 30, 2035 |  |  | 79.0 |  |  |  | 79.0 |
Semi-annual payments of interest, fixed rate of 2.44%, balloon due February 10, 2036 |  |  | 100.0 |  |  |  | 100.0 |
Semi-annual payments of interest, fixed rate of 2.46%, balloon due May 5, 2036 |  |  | 75.0 |  |  |  | 75.0 |
Semi-annual payments of interest, fixed rate of 4.69%, balloon due June 13, 2038 |  |  | 75.0 |  |  |  | 75.0 |
Semi-annual payments of interest, fixed rate of 5.45%, balloon due March 13, 2039 |  |  | 40.0 |  |  |  | 40.0 |
Semi-annual payments of interest, fixed rate of 4.49%, balloon due January 30, 2040 |  |  | 56.0 |  |  |  | 56.0 |
Total Note Purchase Agreements |  |  | 3,948.0 |  |  |  | 4,248.0 |
Credit Agreement: |  |  |  |  |  |
Periodic payments of interest and principal, prime or SOFR plus up to 1.075%, expires June 22, 2028 |  |  | 495.0 |  |  |  | 60.0 |
Premium Financing Debt Facility - expires September 15, 2024: |  |  |  |  |  |
Facility B |  |  |  |  |  |
AUD denominated tranche, interbank rates plus 1.500% |  |  | 172.9 |  |  |  | 217.6 |
NZD denominated tranche, interbank rates plus 1.850% |  |  | — |  |  |  | — |
Facility C and D |  |  |  |  |  |
AUD denominated tranche, interbank rates plus 0.830% |  |  | 9.2 |  |  |  | 15.2 |
NZD denominated tranche, interbank rates plus 0.990% |  |  | 9.1 |  |  |  | 9.1 |
Total Premium Financing Debt Facility |  |  | 191.2 |  |  |  | 241.9 |
Total corporate and other debt |  |  | 7,184.2 |  |  |  | 6,149.9 |
Less unamortized debt acquisition costs on Senior Notes and Note Purchase Agreements |  |  | (29.2 | ) |  |  | (20.6 | )
Less unamortized discount on Bonds Payable |  |  | (20.9 | ) |  |  | (14.6 | )
Net corporate and other debt |  | $ | 7,134.1 |  |  | $ | 6,114.7 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration