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Debt (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Summary of Debt

At September 30, 2025 and December 31, 2024, our long-term debt and interest rates on that debt were as follows (dollars in millions)

 

 

 

September 30, 2025

 

 

December 31, 2024

 

 

 

 

Amount

 

 

Interest Rate

 

 

Amount

 

 

Interest Rate

 

 

Revolving Credit Facility

 

$

—

 

 

 

—

%

 

$

—

 

 

 

—

%

 

Three-Year Term Loan, due September 2028

 

 

500.0

 

 

 

5.28

 %

 

 

—

 

 

 

—

%

 

Seven-Year Farm Credit Loan, due September 2032

 

 

500.0

 

 

 

6.13

 %

 

 

—

 

 

 

—

%

 

3.40% Senior Notes, net of discount of $0.4 million
   and $0.6 million as of September 30, 2025 and
   December 31, 2024, respectively, due December 2027

 

 

499.6

 

 

 

3.40

 %

 

 

499.4

 

 

 

3.40

 %

 

3.00% Senior Notes, net of discount of $0.3 million
   as of both September 30, 2025 and December 31, 2024,
   due December 2029

 

 

499.7

 

 

 

3.00

 %

 

 

499.7

 

 

 

3.00

 %

 

5.70% Senior Notes, net of discount of $0.3 million
   as of both September 30, 2025 and December 31, 2024,
   due December 2033

 

 

399.7

 

 

 

5.70

 %

 

 

399.7

 

 

 

5.70

 %

 

5.20% Senior Notes, net of discount of $0.1 million
   as of September 30, 2025, due August 2035

 

 

499.9

 

 

 

5.20

 %

 

 

—

 

 

 

—

%

 

4.05% Senior Notes, net of discount of $3.1 million
   and $3.2 million as of September 30, 2025 and
   December 31, 2024, respectively, due December 2049

 

 

396.9

 

 

 

4.05

 %

 

 

396.8

 

 

 

4.05

 %

 

3.05% Senior Notes, net of discount of $3.4 million
   as of both September 30, 2025 and December 31, 2024,
   due October 2051

 

 

696.6

 

 

 

3.05

 %

 

 

696.6

 

 

 

3.05

 %

 

Total

 

 

3,992.4

 

 

 

4.39

 %

 

 

2,492.2

 

 

 

3.69

 %

 

Less unamortized debt issuance costs

 

 

26.0

 

 

 

 

 

 

18.0

 

 

 

 

 

Total long-term debt

 

$

3,966.4

 

 

 

4.39

 %

 

$

2,474.2

 

 

 

3.69

 %