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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Carrying Amounts and Estimated Fair Values of Other Financial Instruments | The following table provides the carrying amounts and estimated fair values of the Company’s financial instruments at September 30, 2022 and December 31, 2021:
|  |  | September 30, 2022 |  |  | December 31, 2021 |
| Input |  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
| Level |  | Amount |  |  | Value |  |  | Amount |  |  | Value |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents | Level 1 |  | $ | 192.0 |  |  | $ | 192.0 |  |  | $ | 17.1 |  |  | $ | 17.1 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term borrowings | Level 2 |  |  | 3.3 |  |  |  | 3.3 |  |  |  | 252.8 |  |  |  | 252.8 |
2.45% Senior notes due August 1, 2022 | Level 2 |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 300.0 |  |  |  | 302.9 |
2.875% Senior notes due October 1, 2022 | Level 2 |  |  | 400.0 |  |  |  | 400.0 |  |  |  | 399.9 |  |  |  | 406.4 |
Term loan due December 22, 2024 | Level 2 |  |  | 400.0 |  |  |  | 400.0 |  |  |  | 400.0 |  |  |  | 400.0 |
3.15% Senior notes due August 1, 2027 | Level 2 |  |  | 424.8 |  |  |  | 387.7 |  |  |  | 424.7 |  |  |  | 450.1 |
2.3% Senior notes due December 15, 2031 | Level 2 |  |  | 399.2 |  |  |  | 313.2 |  |  |  | 399.2 |  |  |  | 403.5 |
3.95% Senior notes due August 1, 2047 | Level 2 |  |  | 397.6 |  |  |  | 313.5 |  |  |  | 397.5 |  |  |  | 471.6 |
5.00% Senior notes due June 15, 2052 | Level 2 |  |  | 499.8 |  |  |  | 458.3 |  |  | 0.0 |  |  | 0.0 |
Interest Rate Lock Agreement (asset) liability | Level 2 |  |  | (12.5 | ) |  |  | (12.5 | ) |  |  | 41.6 |  |  |  | 41.6 |
Business Acquisition Liabilities | Level 3 |  |  | 34.0 |  |  |  | 34.0 |  |  |  | 34.0 |  |  |  | 34.0 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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