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v3.25.2

Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments |
|  |  |  |  |  | June 30, 2025 |  | December 31, 2024
|  | Maturity Date |  | Interest Rate |  | Amount |  | Amount
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 2025 |  | May 2025 |  | 4.125% |  | — |  |  | 211.1 |
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 |  |  | 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 |  |  | 600.0 |
Total unsecured senior notes |  |  |  |  |  | 5,000.0 |  |  | 5,211.1 |
Receivable financing liability |  |  |  |  |  | 20.2 |  |  | 21.2 |
Other long-term obligations |  |  |  |  |  | 6.9 |  |  | 8.8 |
Unamortized debt issuance costs and discount |  |  |  |  |  | (28.9) |  |  | (32.8) |
Current maturities of long-term debt |  |  |  |  |  | (9.5) |  |  | (235.8) |
Total long-term debt |  |  |  |  |  | $ | 5,623.2 |  |  | $ | 5,607.0 |
Schedule of Carrying Value of Long-Term Debt | 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:
|  | June 30, 2025 |  | December 31, 2024
Fair value |  | $ | 5,503.7 |  |  | $ | 5,602.8 |
Carrying value |  | $ | 5,661.6 |  |  | $ | 5,875.6 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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