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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Borrowings | Borrowings at December 31, 2023 and 2022 consisted of the following:
| 2023 |  | 2022
3.20% Senior Notes, repaid in June 2023 (the “3.20% Senior Notes”) | $ | — |  |  | $ | 100.0 |
3.37% Senior Notes, due June 2025 (the “3.37% Senior Notes”) | 100.0 |  |  | 100.0 |
5.13% Senior Notes, due June 2028 (the “5.13% Senior Notes”) | 100.0 |  |  | — |
3.00% Senior Notes, due May 2030 (the “3.00% Senior Notes”) | 500.0 |  |  | 500.0 |
2.625% Senior Notes, due June 2031 (the “2.625% Senior Notes”) | 500.0 |  |  | 500.0 |
$800.0 million Revolving Facility, due November 2027 (the “Revolving Facility”) | 81.0 |  |  | 77.7 |
$200.0 million Term Facility, due November 2027 (the “Term Facility”) | 50.0 |  |  | 200.0 |
Other borrowings | 2.3 |  |  | 0.1 |
Total borrowings | 1,333.3 |  |  | 1,477.8 |
Less current portion | 0.6 |  |  | — |
Less deferred debt issuance costs | 6.5 |  |  | 7.9 |
Less unaccreted debt discount | 1.1 |  |  | 1.2 |
Long-term borrowings | $ | 1,325.1 |  |  | $ | 1,468.7 |
Schedule of Maturities of Borrowings | Total borrowings at December 31, 2023 have scheduled maturities as follows:
Maturity of Borrowings |
2024 | $ | 0.6 |
2025 | 100.9 |
2026 | 0.5 |
2027 | 131.3 |
2028 | 100.0 |
Thereafter | 1,000.0 |
Total borrowings | $ | 1,333.3 |

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