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External Debt and Financing Arrangements (Tables)

12 Months Ended

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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