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Indebtedness (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

Long-term debt consisted of the following at December 31, 2024 and 2023 (in millions):

			December 31, 2024						December 31, 2023
Credit Facility, expires 2027			$	—					$	—
5.450% Senior notes due 2027			400.0						—
5.800% Senior notes due 2034			700.0						—
0.800% Senior notes due 2028			622.7						664.0
1.002% EIB Senior term loan due 2025			259.5						276.7
EIB Senior term loan due 2029			259.5						276.7
EIB Senior term loan due 2030			176.4						—
Senior term loans due between 2025 and 2028			152.0						162.1
Other long-term debt			—						3.1
Debt issuance costs			(12.0)						(3.1)
			2,558.1						1,379.5
Less:
Current portion of other long-term debt			—						(2.3)
1.002% EIB Senior term loan due 2025			(259.5)						—
Senior term loans due 2025			(65.3)						—
Total long-term indebtedness			$	2,233.3					$	1,377.2

Maturities of Long-term Debt

At December 31, 2024, the aggregate scheduled maturities of long-term debt, excluding the current portion of long-term debt, are as follows (in millions):

2026			$	54.4
2027			396.5
2028			652.9
2029			259.2
Thereafter			870.3
			$	2,233.3

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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