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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Carrying Value of Long-Term Debt |
|  |  |  |  |  | As of December 31,
|  | Maturity Date |  | Interest Rate |  | 2024 |  | 2023
Credit Facility |  |  |  |  |  |  |  |
Senior unsecured revolving loan facility |  | December 2026 |  | Variable |  | $ | — |  |  | $ | — |
Term Loan |  |  |  |  |  |  |  |
Senior unsecured term loan facility |  | December 2026 |  | Variable |  | 634.5 |  |  | 634.5 |
Unsecured Senior Notes |  |  |  |  |  |  |  |
Senior notes due 2024 |  | December 2024 |  | 5.500 | % |  | — |  |  | 575.0 |
Senior notes due 2025 |  | May 2025 |  | 4.125 | % |  | 211.1 |  |  | 600.0 |
Senior notes due 2026 |  | December 2026 |  | 2.670 | % |  | 1,000.0 |  |  | 1,000.0 |
Senior notes due 2028 |  | April 2028 |  | 4.250 | % |  | 600.0 |  |  | 600.0 |
Senior notes due 2028 |  | December 2028 |  | 3.276 | % |  | 500.0 |  |  | 500.0 |
Senior notes due 2029 |  | February 2029 |  | 3.250 | % |  | 700.0 |  |  | 700.0 |
Senior notes due 2030 |  | March 2030 |  | 5.100 | % |  | 600.0 |  |  | — |
Senior notes due 2031 |  | December 2031 |  | 3.569 | % |  | 1,000.0 |  |  | 1,000.0 |
Senior notes due 2034 |  | August 2034 |  | 5.550 | % |  | 600.0 |  |  | — |
Total unsecured senior notes |  |  |  |  |  | 5,211.1 |  |  | 4,975.0 |
Receivable financing liability |  |  |  |  |  | 21.2 |  |  | 56.9 |
Other long-term obligations |  |  |  |  |  | 8.8 |  |  | 6.9 |
Unamortized debt issuance costs and discount |  |  |  |  |  | (32.8) |  |  | (28.4) |
Current maturities of long-term debt |  |  |  |  |  | (235.8) |  |  | (613.1) |
Total long-term debt |  |  |  |  |  | $ | 5,607.0 |  |  | $ | 5,031.8 |
Schedule of Long-term Debt Maturities | As of December 31, 2024, aggregate future maturities of debt, excluding unamortized debt issuance costs, are as follows for the years ending December 31:
Years |  | Debt Maturities
2025 |  | $ | 236.0 |
2026 |  | 1,637.2 |
2027 |  | 1.7 |
2028 |  | 1,100.7 |
2029 |  | 700.0 |
Thereafter |  | 2,200.0 |
Total debt maturities |  | $ | 5,875.6 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The approximate fair values and related carrying values of the Company’s long-term debt, including current maturities and excluding unamortized discount and unamortized debt issuance costs, were as follows:
|  | December 31,
|  | 2024 |  | 2023
Fair value |  | $ | 5,602.8 |  |  | $ | 5,348.2 |
Carrying value |  | 5,875.6 |  |  | 5,673.3 |

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