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DEBT (Tables) | 12 Months Ended
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Dec. 31, 2025
Debt Disclosure [Abstract] |
Schedule of debt | The Company’s debt consisted of the following as of December 31, 2025 and 2024 (in millions):
| December 31, 2025 |  | December 31, 2024
$650 million fixed rate Senior Notes due January 2027, stated rate of 3.650% | $ | 649.3 |  |  | $ | 648.6 |
$500 million fixed rate Senior Notes due December 2030, stated rate of 1.625% | 496.3 |  |  | 495.5 |
$300 million fixed rate Senior Notes due March 2032, stated rate of 3.000% | 297.3 |  |  | 296.9 |
Revolving Credit Agreement | — |  |  | — |
Cboe Clear Europe Credit Facility | — |  |  | — |
Total debt | $ | 1,442.9 |  |  | $ | 1,441.0 |
Schedule of future expected repayments related to Senior Notes | The future expected repayments related to the Senior Notes as of December 31, 2025 are as follows (in millions):
2026 | $ | — |
2027 | 650.0 |
2028 | — |
2029 | — |
Thereafter | 800.0 |
Principal amounts repayable | 1,450.0 |
Debt issuance costs | (4.2) |
Unamortized discounts on notes | (2.9) |
Total debt outstanding | $ | 1,442.9 |
Schedule of interest expense, net | Components of interest expense, net recognized in the consolidated statements of income for the years ended December 31, 2025, 2024, and 2023 are as follows (in millions):
| Year Ended December 31, 2025 |  | Year Ended December 31, 2024 |  | Year Ended December 31, 2023
Components of interest expense: |  |  |  |  |
Contractual interest | $ | 49.9 |  |  | $ | 49.2 |  |  | $ | 59.8 |
Amortization of debt discount and issuance costs | 2.4 |  |  | 2.3 |  |  | 2.6 |
Interest expense | $ | 52.3 |  |  | $ | 51.5 |  |  | $ | 62.4 |
Interest income | (49.4) |  |  | (27.3) |  |  | (12.0) |
Interest expense, net | $ | 2.9 |  |  | $ | 24.2 |  |  | $ | 50.4 |

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