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External Debt and Financing Arrangements (Tables)

12 Months Ended

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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