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v3.25.1

Borrowings (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Borrowings | Borrowings at March 31, 2025 and December 31, 2024 consisted of the following:
| March 31, 2025 |  | December 31, 2024
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 |  |  | 100.0 |
4.950% Senior Notes, due September 2029 (the “4.950% Senior Notes”) | 500.0 |  |  | 500.0 |
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”)(1) | 249.0 |  |  | 269.8 |
Other borrowings | 1.4 |  |  | 1.5 |
Total borrowings | 1,950.4 |  |  | 1,971.3 |
Less: current portion | 100.7 |  |  | 100.7 |
Less: unamortized debt issuance costs and discount on debt | 10.6 |  |  | 11.1 |
Long-term borrowings | $ | 1,839.1 |  |  | $ | 1,859.5 |
(1) At March 31, 2025, there was $249.0 million outstanding under the Revolving Facility and $3.0 million of outstanding letters of credit, resulting in a net available borrowing capacity under the Revolving Facility of approximately $548.0 million. The weighted-average interest rate for borrowings outstanding under the Revolving Facility was 3.71% and 4.46% for the three months ended March 31, 2025 and the year ended December 31, 2024, respectively. During April 2025, the Company repaid $12.5 million of the $249.0 million outstanding under the Revolving Facility.

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