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Fair Value (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present financial assets and liabilities measured and recorded at fair value on our Consolidated Balance Sheets on a recurring basis and their level within the fair value hierarchy as of December 31, 2022 and December 31, 2021:

Recurring Fair Value Measurements December 31, 2022 (in millions)			Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Balance as of December 31, 2022
Assets
Risk management assets			$	—					$	84.8					$	—					$	84.8
Available-for-sale debt securities			—						151.6						—						151.6
Total			$	—					$	236.4					$	—					$	236.4
Liabilities
Risk management liabilities			—						3.0						—						3.0
Total			$	—					$	3.0					$	—					$	3.0

Recurring Fair Value Measurements December 31, 2021 (in millions)			Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Balance as of December 31, 2021
Assets
Risk management assets			$	—					$	24.4					$	—					$	24.4
Available-for-sale debt securities			—						171.8						—						171.8
Total			$	—					$	196.2					$	—					$	196.2
Liabilities
Risk management liabilities			$	—					$	144.2					$	—					$	144.2
Total			$	—					$	144.2					$	—					$	144.2

Debt Securities, Available-for-sale

The amortized cost, gross unrealized gains and losses, allowance for credit losses, and fair value of available-for-sale securities at December 31, 2022 and 2021 were: 

December 31, 2022 (in millions)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses(1)						Allowance for Credit Losses						Fair Value
Available-for-sale debt securities
U.S. Treasury debt securities			$	67.7					$	—					$	(4.5)					$	—					$	63.2
Corporate/Other debt securities			99.0						—						(9.7)						(0.9)						88.4
Total			$	166.7					$	—					$	(14.2)					$	(0.9)					$	151.6
December 31, 2021 (in millions)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses(2)						Allowance for Credit Losses						Fair Value
Available-for-sale debt securities
U.S. Treasury debt securities			$	52.8					$	0.1					$	(0.4)					$	—					$	52.5
Corporate/Other debt securities			116.5						3.7						(0.7)						(0.2)						119.3
Total			$	169.3					$	3.8					$	(1.1)					$	(0.2)					$	171.8

(1) Fair value of U.S. Treasury debt securities and Corporate/Other debt securities in an unrealized loss position without an allowance for credit losses is $61.0 and $85.5 million, respectively, at December 31, 2022.

(2) Fair value of U.S. Treasury debt securities and Corporate/Other debt securities in an unrealized loss position without an allowance for credit losses is $36.2 million and $35.4 million, respectively, at December 31, 2021.

Carrying Amount And Estimated Fair Values Of Financial Instruments

The carrying amount and estimated fair values of these financial instruments were as follows: 

At December 31, (in millions)			Carrying Amount 2022						Estimated Fair Value 2022						Carrying Amount 2021						Estimated Fair Value 2021
Long-term debt (including current portion)			$	9,553.6					$	8,479.4					$	9,241.5					$	10,415.7

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI https://asc.fasb.org/topic&trid=2196928

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- References

No definition available.

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X

- 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.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-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

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