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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of debt | The Company’s debt consisted of the following as of September 30, 2024 and December 31, 2023 (in millions):
| September 30, 2024 |  | December 31, 2023
$650 million fixed rate Senior Notes due January 2027, stated rate of 3.650% | $ | 648.5 |  | $ | 647.9
$500 million fixed rate Senior Notes due December 2030, stated rate of 1.625% | 495.3 |  | 494.8
$300 million fixed rate Senior Notes due March 2032, stated rate of 3.000% | 296.8 |  | 296.5
Revolving Credit Agreement | — |  | —
Cboe Clear Europe Credit Facility | — |  | —
Total debt | $ | 1,440.6 |  | $ | 1,439.2
Schedule of future expected repayments related to Senior Notes | The future expected repayments related to the Senior Notes as of September 30, 2024 are as follows (in millions):
Remainder of 2024 | $ | — |
2025 | — |
2026 | — |
2027 | 650.0 |
2028 | — |
Thereafter | 800.0 |
Principal amounts repayable | 1,450.0 |
Debt issuance costs | (5.2) |
Unamortized discounts on notes | (4.2) |
Total debt outstanding | $ | 1,440.6 |
Schedule of interest expense, net | Components of interest expense, net recognized in the condensed consolidated statements of income for the three and nine months ended September 30, 2024 and 2023 are as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Components of interest expense: |  |  |  |  |  |  |
Contractual interest | $ | 12.2 |  |  | $ | 14.8 |  |  | $ | 36.8 |  |  | $ | 47.3 |
Amortization of debt discount and issuance costs | 0.6 |  |  | 0.6 |  |  | 1.8 |  |  | 1.9 |
Interest expense | $ | 12.8 |  |  | $ | 15.4 |  |  | $ | 38.6 |  |  | $ | 49.2 |
Interest income | (11.4) |  |  | (3.5) |  |  | (20.1) |  |  | (8.3) |
Interest expense, net | $ | 1.4 |  |  | $ | 11.9 |  |  | $ | 18.5 |  |  | $ | 40.9 |

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