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v3.23.3

Financing - Narrative (Details) |  |  |  |  | 3 Months Ended | 9 Months Ended
--- | --- | --- | --- | --- | --- | ---
Oct. 03, 2023 USD ($) | Oct. 02, 2023 USD ($) | Mar. 17, 2023 USD ($) | Aug. 11, 2022 USD ($) | Mar. 31, 2023 USD ($) | Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Principal prepayments |  |  |  |  |  | $ 448,800,000 | $ 0
Revolving Credit Facility | Five Year Term Loan Facility | Line of Credit |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity |  |  | $ 500,000,000 |  |  |  |
Line of credit facility, term (in years) |  |  | 5 years |  |  |  |
Outstanding borrowings |  |  |  |  |  | 0 |
Net leverage ratio |  |  | 3.50 |  |  |  |
Maximum ratio |  |  | 4.00 |  |  |  |
Minimum interest coverage ratio |  |  | 3.00 |  |  |  |
Revolving Credit Facility | Five Year Term Loan Facility | Line of Credit | Subsequent Event |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Incremental revolving commitment | $ 300,000,000 |  |  |  |  |  |
Revolving Credit Facility | Five Year Term Loan Facility | Line of Credit | Subsequent Event | BAUM |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity | $ 800,000,000 | $ 500,000,000 |  |  |  |  |
Proceeds from borrowings |  | $ 100,000,000 |  |  |  |  |
Revolving Credit Facility | Five Year Term Loan Facility | Line of Credit | Minimum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Rate per annum on undrawn commitments |  |  | 0.20% |  |  |  |
Revolving Credit Facility | Five Year Term Loan Facility | Line of Credit | Maximum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Rate per annum on undrawn commitments |  |  | 0.35% |  |  |  |
Revolving Credit Facility | Five Year Term Loan Facility | Line of Credit | Variable Rate Component One | Minimum | Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Credit spread adjustment rate |  |  | 0.10% |  |  |  |
Margin rate |  |  | 1.50% |  |  |  |
Revolving Credit Facility | Five Year Term Loan Facility | Line of Credit | Variable Rate Component One | Maximum | Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Margin rate |  |  | 2.25% |  |  |  |
Revolving Credit Facility | Five Year Term Loan Facility | Line of Credit | Variable Rate Component Two | Minimum | Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Margin rate |  |  | 0.50% |  |  |  |
Revolving Credit Facility | Five Year Term Loan Facility | Line of Credit | Variable Rate Component Two | Maximum | Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Margin rate |  |  | 1.25% |  |  |  |
Line of Credit | Notes Payable to Banks |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Principal prepayments |  |  |  |  | $ 400,000,000 |  |
Debt instrument, term (in days) |  |  |  | 364 days |  |  |
Debt instrument, maximum borrowing capacity |  |  |  | $ 400,000,000 |  |  |
Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR) | Notes Payable to Banks |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Margin rate |  |  |  | 1.25% |  |  |
Line of Credit | Minimum | Base Rate | Notes Payable to Banks |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Margin rate |  |  |  | 0.25% |  |  |
Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR) | Notes Payable to Banks |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Margin rate |  |  |  | 1.50% |  |  |
Line of Credit | Maximum | Base Rate | Notes Payable to Banks |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Margin rate |  |  |  | 0.50% |  |  |
Line of Credit | Three Year Term Loan Facility |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity |  |  | $ 300,000,000 |  |  |  |
Line of credit facility, term (in years) |  |  | 3 years |  |  |  |
Principal prepayments |  |  |  |  |  | $ 48,800,000 |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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