XML 48 R29.htm IDEA: XBRL DOCUMENT v3.24.0.1
FINANCING ARRANGEMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Components of Short-term and Long-term Debt
The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):
Average interest rate as ofCarrying value as of
December 31, 2023December 31, 2022MaturityDecember 31, 2023December 31, 2022
Revolving Credit Facility6.45 %— %November 2027$160,000 $— 
364-day revolving credit facility — %5.12 %May 2023— 379,000 
Senior Notes, Series A— %3.97 %August 2023— 175,000 
Senior Notes, Series B4.26 %4.26 %August 2028150,000 150,000 
Senior Notes, Series C4.60 %4.60 %August 2033175,000 175,000 
Receivables Securitization Facility (1)
6.25 %5.01 %November 2025499,542 499,655 
Senior Notes(1)
4.20 %4.20 %April 2028595,945 595,049 
Total debt1,580,487 1,973,704 
Less: Current maturities and short-term borrowing(160,000)(1,053,655)
Long-term debt$1,420,487 $920,049 
________________________________ 
(1) Net of unamortized discounts and issuance costs.