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Long-Term Debt
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Long-Term Debt
14.
Long-Term Debt

Long-term debt consist of the following:

 

September 30,

 

 

December 31,

 

 

2025

 

 

2024

 

 

 

 

 

 

 

Long-term debt

 

 

 

 

 

3.15% Senior notes due August 1, 2027

$

425.0

 

 

$

425.0

 

Less: Discount

 

(0.1

)

 

 

(0.1

)

2.3% Senior notes due December 15, 2031

 

400.0

 

 

 

400.0

 

Less: Discount

 

(0.5

)

 

 

(0.6

)

5.6% Senior notes due November 15, 2032

 

500.0

 

 

 

500.0

 

Less: Discount

 

(0.7

)

 

 

(0.8

)

3.95% Senior notes due August 1, 2047

 

400.0

 

 

 

400.0

 

Less: Discount

 

(2.1

)

 

 

(2.2

)

5.00% Senior notes due June 15, 2052

 

500.0

 

 

 

500.0

 

Less: Discount

 

(0.1

)

 

 

(0.1

)

Debt issuance costs, net

 

(17.0

)

 

 

(16.6

)

Total long-term debt

$

2,204.5

 

 

$

2,204.6

 

 

New Credit Agreement

On July 17, 2025, the Company entered into an unsecured revolving Credit Agreement (the “Credit Agreement”). The Credit Agreement replaced the Company’s prior $1,500.0 unsecured revolving credit facility that was entered into on June 16, 2022. The aggregate commitments of the lenders under the Credit Agreement, as of the effective date, are $2,000.0, with an option to increase such commitments to $2,750.0 pursuant to the terms therein. The revolving credit facility matures on July 17, 2030, unless extended. The terms of the Credit Agreement are substantially the same as the terms for the credit facility entered into on June 16, 2022.