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Debt (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Summary of Outstanding Debt
The total outstanding debt is summarized below (in millions, except percentages):
 MaturityCoupon RateEffective Interest RateMarch 31,
2025
December 31,
2024
Debt
2026 Senior NotesMarch 20261.0%1.3%$500.0 $500.0 
2031 Senior NotesMarch 20312.2%2.3%500.0 500.0 
Total debt1,000.0 1,000.0 
Less: Unamortized discount and debt issuance costs5.1 5.7 
Less: Current portion of long-term debt
$498.7 $— 
Total long-term debt$496.2 $994.3