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Credit and Other Debt Agreements | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Credit and Other Debt Agreements | Credit and Other Debt Agreements The following is a summary of our corporate and other debt (in millions):
| June 30, 2025 |  | December 31, 2024
Senior Notes: |  |  |
Semi-annual payments of interest, fixed rate of 4.60%, balloon due December 15, 2027 | $ | 750.0 |  |  | $ | 750.0 |
Semi-annual payments of interest, fixed rate of 4.85%, balloon due December 15, 2029 | 750.0 |  |  | 750.0 |
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 5.00%, balloon due February 15, 2032 | 500.0 |  |  | 500.0 |
Semi-annual payments of interest, fixed rate of 5.50%, balloon due March 2, 2033 | 350.0 |  |  | 350.0 |
Semi-annual payments of interest, fixed rate of 6.50%, balloon due February 15, 2034 | 400.0 |  |  | 400.0 |
Semi-annual payments of interest, fixed rate of 5.45%, balloon due July 15, 2034 | 500.0 |  |  | 500.0 |
Semi-annual payments of interest, fixed rate of 5.15%, balloon due February 15, 2035 | 1,500.0 |  |  | 1,500.0 |
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 |  |  | 600.0 |
Semi-annual payments of interest, fixed rate of 6.75%, balloon due February 15, 2054 | 600.0 |  |  | 600.0 |
Semi-annual payments of interest, fixed rate of 5.75%, balloon due July 15, 2054 | 500.0 |  |  | 500.0 |
Semi-annual payments of interest, fixed rate of 5.55%, balloon due February 15, 2055 | 1,500.0 |  |  | 1,500.0 |
Total Senior Notes | 9,550.0 |  |  | 9,550.0 |
Note Purchase Agreements: |  |  |
Semi-annual payments of interest, fixed rate of 4.31%, balloon due June 24, 2025 | — |  |  | 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 | 3,323.0 |  |  | 3,523.0 |
Credit Agreement: |  |  |
Periodic payments of interest and principal, expires April 3, 2030 | — |  |  | — |
Premium Financing Debt Facility - expires October 31, 2026: |  |  |
Facility B |  |  |
AUD denominated tranche, interbank rates plus 1.400% | 146.3 |  |  | 218.2 |
NZD denominated tranche, interbank rates plus 1.850% | — |  |  | — |
Facility C and D |  |  |
AUD denominated tranche, interbank rates plus 0.830% | 3.2 |  |  | — |
NZD denominated tranche, interbank rates plus 0.990% | 7.7 |  |  | 7.0 |
Total Premium Financing Debt Facility | 157.2 |  |  | 225.2 |
Total corporate and other debt | 13,030.2 |  |  | 13,298.2 |
Less unamortized debt acquisition costs on Senior Notes and Note Purchase Agreements | (85.5) |  |  | (90.1) |
Less unamortized discount on Bonds Payable | (49.6) |  |  | (51.0) |
Net corporate and other debt | $ | 12,895.1 |  |  | $ | 13,157.1 |
The Senior Notes in the table above are registered by the Company with the Securities and Exchange Commission and are not guaranteed.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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