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External Debt and Financing Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Summary of Outstanding Notes | The following table provides a summary of the Company’s outstanding Notes, including the carrying value of the Notes, net of underwriting commissions, price discounts, and debt issuance costs as of December 31, 2020 and December 31, 2019:
(in millions) |  |  |  |  |  |  |  |  | Net Carrying Value |
Coupon Rate | Principal Amount |  |  | Issuance Date |  | Maturity Date |  | December 31, 2020 |  |  | December 31, 2019 |
3.000% Senior Notes | $ | 400.0 |  |  | June 2015 |  | June 2020 |  | $ | - |  |  | $ | 399.7 |
4.000% Senior Notes |  | 500.0 |  |  | June 2015 |  | June 2025 |  |  | 496.6 |  |  |  | 495.8 |
4.000% Senior Notes (the “2018 Notes”) |  | 600.0 |  |  | September 2018 |  | September 2023 |  |  | 597.1 |  |  |  | 596.1 |
3.250% Senior Notes (the “2019 Notes”) |  | 700.0 |  |  | September 2019 |  | September 2029 |  |  | 693.5 |  |  |  | 692.7 |
Total Senior Notes |  |  |  |  |  |  |  |  | $ | 1,787.2 |  |  | $ | 2,184.3 |
Components of Long-Term Debt | The components of long-term debt were as follows:
(In millions) |  | 2020 |  |  | 2019 |
Notes |  | $ | 1,787.2 |  |  | $ | 2,184.3 |
$1,250 million revolving credit agreement due September 2024 |  |  | 785.0 |  |  |  | — |
Total debt |  |  | 2,572.2 |  |  |  | 2,184.3 |
Less: current portion |  |  | — |  |  |  | 399.7 |
Total long-term debt |  | $ | 2,572.2 |  |  | $ | 1,784.6 |

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