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Borrowings | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Borrowings | Borrowings Borrowings at September 30, 2025 and December 31, 2024 consisted of the following:
| September 30, 2025 |  | December 31, 2024
3.37% Senior Notes, due June 2025 (the “3.37% Senior Notes”) | $ | — |  |  | $ | 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) | 310.6 |  |  | 269.8 |
Other borrowings | 1.2 |  |  | 1.5 |
Total borrowings | 1,911.8 |  |  | 1,971.3 |
Less: current portion | 0.7 |  |  | 100.7 |
Less: unamortized debt issuance costs and discount on debt | 9.5 |  |  | 11.1 |
Long-term borrowings | $ | 1,901.6 |  |  | $ | 1,859.5 |
(1) At September 30, 2025, there was $310.6 million outstanding under the Revolving Facility and $2.6 million of outstanding letters of credit, resulting in a net available borrowing capacity under the Revolving Facility of approximately $486.8 million. The weighted-average interest rate for borrowings outstanding under the Revolving Facility was 3.68% and 3.56% for the three and nine months ended September 30, 2025, respectively, and 4.46% for the year ended December 31, 2024. During October 2025, the Company had net borrowings on the Revolving Facility of $18.4 million. At September 30, 2025, the Company was in compliance with the covenants contained in the credit agreement associated with the Revolving Facility as well as other long-term debt agreements.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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