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Financing
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Financing Financing
Our debt consisted of the following:
(in millions)June 30,
2025		December 31,
2024
Term Loan$51.4 $— 
Revolving Facility216.0 210.0 
Total short-term borrowings (a)
$267.4 $210.0 
Term Loan$321.1 $— 
6.55% notes due November 2036
198.7 198.7 
4.20% notes due March 2048
346.8 346.8 
Other deferred financing costs associated with credit facilities(4.8)(4.9)
Total long-term debt (a)
$861.8 $540.6 
(a) Debt discounts and debt issuance costs totaled $10.5 million and $9.4 million as of June 30, 2025, and December 31, 2024, respectively, have been netted against the aggregate principal amounts of the related debt in the components of the debt table above, where applicable.
Credit Facilities - On March 17, 2023, we became party to a senior secured credit agreement (the “Credit Agreement”) which provides for a $500 million, five-year revolving credit facility (the “Revolving Facility”) and we entered into a $350 million, 3-year term loan facility (the “Term Facility”). Funding for both facilities became available in connection with the Separation.
On December 9, 2024, we entered into an amendment to the Credit Agreement which increased the Revolving Facility by $200 million to an aggregate $700 million and provided a delayed draw term loan (the “Term Loan”) of £300 million. On the same day, proceeds from the Revolving Facility were used to repay the outstanding Term Facility.
In the six months ended June 30, 2025, we drew down $348.0 million and repaid $342.0 million on our Revolving Facility to fund working capital requirements. We also drew down £300.0 million, or $400.4 million, on the Term Loan to fund the DLR acquisition and repaid $36.8 million.