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Notes Payable (Tables)

9 Months Ended

Sep. 30, 2021

Notes Payable [Abstract]

Summary Of Indebtedness

The following is a summary of our indebtedness:

(in millions)						September 30, 2021						December 31, 2020
Commercial banks
1.85% Term Loan, due 2022						$	39.9					$	39.7
Senior unsecured notes
3.15% Notes, due 2022						$	349.1					$	348.6
5.07% Notes, due 2023						249.2						248.9
4.36% Notes, due 2024						249.4						249.2
3.68% Notes, due 2024						248.7						248.4
3.74% Notes, due 2028						397.7						397.3
3.67% Notes, due 2029 (1)						594.7						594.3
2.91% Notes, due 2030						744.0						743.5
3.41% Notes, due 2049						296.7						296.7
						$	3,129.5					$	3,126.9
Total unsecured notes payable (2)						$	3,169.4					$	3,166.6

(1)    The 2029 Notes have an effective annual interest rate of approximately 3.84% through June 2026, which includes the effect of a settled forward interest rate swap, and approximately 3.28% thereafter, for an all-in average effective rate of approximately 3.67%.

(2) Unamortized debt discounts and debt issuance costs of $20.6 million and $23.4 million are included in senior unsecured notes payable as of September 30, 2021 and December 31, 2020, respectively.

Scheduled Repayments On Outstanding Debt

The table below is a summary of the maturity dates of our outstanding debt and principal amortizations, and the weighted average interest rates on such debt, at September 30, 2021: 

(in millions) (1)						Amount (2)						Weighted Average  Interest Rate (3)
Remainder of 2021						$	(0.9)					—		%
2022						386.3						3.0
2023						247.3						5.1
2024						497.9						4.0
2025						(1.8)						—
Thereafter						2,040.6						3.4
Total						$	3,169.4					3.6		%

(1)Includes all available extension options.

(2)Includes amortization of debt discounts and debt issuance costs.

(3)Includes the effects of the applicable settled forward interest rate swaps.

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