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Borrowings (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Borrowings | Borrowings at June 30, 2023 and December 31, 2022 consisted of the following:
| June 30, 2023 |  | December 31, 2022
3.20% Senior Notes, due June 2023 | $ | — |  |  | $ | 100.0 |
3.37% Senior Notes, due June 2025 | 100.0 |  |  | 100.0 |
5.13% Senior Notes, due June 2028 | 100.0 |  |  | — |
3.00% Senior Notes, due May 2030 | 500.0 |  |  | 500.0 |
2.625% Senior Notes, due June 2031 | 500.0 |  |  | 500.0 |
$800.0 million Revolving Credit Facility, due November 2027(1) | 79.5 |  |  | 77.7 |
$200.0 million Term Facility, due November 2027(2) | 200.0 |  |  | 200.0 |
Other borrowings | 1.0 |  |  | 0.1 |
Total borrowings | 1,480.5 |  |  | 1,477.8 |
Less current portion | 0.5 |  |  | — |
Less deferred debt issuance costs | 7.4 |  |  | 7.9 |
Less unaccreted debt discount | 1.1 |  |  | 1.2 |
Long-term borrowings | $ | 1,471.5 |  |  | $ | 1,468.7 |
(1) At June 30, 2023, there was $79.5 million outstanding under the Revolving Credit Facility with an interest rate of 4.32% and $7.4 million of outstanding letters of credit, resulting in a net available borrowing capacity under the Revolving Credit Facility of approximately $713.1 million. (2) The $200.0 million outstanding under the Term Facility bears an interest rate of 6.30%.

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