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External Debt and Financing Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2021
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, 2021 and December 31, 2020:
(in millions) |  |  |  |  |  |  |  | Net Carrying Value |
Coupon Rate | Principal Amount |  |  | Issuance Date |  | Maturity Date |  | December 31, 2021 |  |  | December 31, 2020 |
4.000% Senior Notes | $ | 500.0 |  |  | June 2015 |  | June 2025 |  | $ | 497.4 |  |  | $ | 496.6 |
4.000% Senior Notes |  | 600.0 |  |  | September 2018 |  | September 2023 |  |  | 598.2 |  |  |  | 597.1 |
3.250% Senior Notes |  | 700.0 |  |  | September 2019 |  | September 2029 |  |  | 694.2 |  |  |  | 693.5 |
Total Senior Notes | $ | 1,800.0 |  |  |  |  |  |  | $ | 1,789.8 |  |  | $ | 1,787.2 |
Components of Long-Term Debt | As of December 31, 2021, the components of long-term debt were as follows:
(In millions) |  | 2021 |  |  | 2020 |
Notes (due 2023 to 2029) |  | $ | 1,789.8 |  |  | $ | 1,787.2 |
2019 Revolving Credit Agreement |  |  | 520.0 |  |  |  | 785.0 |
2021 Term Loan |  |  | 400.0 |  |  |  | — |
Total debt |  |  | 2,709.8 |  |  |  | 2,572.2 |
Less: current portion |  |  | 400.0 |  |  |  | — |
Total long-term debt |  | $ | 2,309.8 |  |  | $ | 2,572.2 |

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