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Debt (Tables)

12 Months Ended

Dec. 31, 2022

Line of Credit Facility [Line Items]

Summary of Components of Long-Term Borrowings and Finance Lease Obligations

The following table summarizes the components of Long-term borrowings and finance lease obligations:

(in millions)			2022						2021
2019 Credit Agreement			$	—					$	280.7
2022 Credit Agreement			361.0						—
Finance lease obligations			2.0						2.1
Total long-term borrowings and finance lease obligations, including current portion			363.0						282.8
Less: Current maturities			0.8						—
Less: Current finance lease obligations			0.7						0.6
Total long-term borrowings and finance lease obligations			$	361.5					$	282.2

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table summarizes the carrying amounts and fair values of the Company’s financial instruments:

			2022												2021
(in millions)			Notional Amount						Fair Value						Notional Amount						Fair Value
Long-term borrowings (a)			$	363.0					$	363.0					$	282.8					$	282.8

(a)    Long-term borrowings include current portions of long-term borrowings and finance lease obligations aggregating to $1.5 million and $0.6 million as of December 31, 2022 and 2021, respectively.

Schedule of Gross Borrowings and Gross Payments

The following table summarizes the gross borrowings and gross payments under the Company’s revolving credit facilities:

			For the Years Ended December 31,
(in millions)			2022						2021						2020
Gross borrowings			$	137.0					$	214.0					$	82.6
Gross payments			55.8						143.5						94.4

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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