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Financing Agreement (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The carrying value of financing obligations and the average related interest rates were as follows (in millions):
| Average interest rate as of December 31, 2023 |  | Maturity |  | December 31, 2023 |  | December 31, 2022
Incremental term loan | — |  | December 2023 |  | $ | — |  |  | $ | 500.0 |
Revolving loan facility | 4.72% |  | June 2026 |  | 228.2 |  |  | 312.9 |
Term loan facility | 6.58% |  | June 2026 |  | 780.0 |  |  | 828.0 |
Private senior notes | 4.23% |  | July 2028 |  | 350.0 |  |  | 350.0 |
Public senior notes | 6.95% |  | March 2029 |  | 500.0 |  |  | — |
Finance lease obligations | 5.22% |  | Various through 2029 |  | 10.3 |  |  | 11.4 |
Notes payable and other | 4.26% |  | Various through 2030 |  | 54.2 |  |  | 61.4 |
Unamortized debt issuance costs and discounts |  | (14.3) |  |  | (5.9) |
Total financing obligations |  | $ | 1,908.4 |  |  | $ | 2,057.8 |
Less: Current financing obligations |  | 54.0 |  |  | 553.6 |
Total long-term financing obligations |  | $ | 1,854.4 |  |  | $ | 1,504.2 |
Summary of Activity Under Credit Arrangements, Excluding Acquired Borrowings | The following summarizes activity under the Company’s credit arrangements (in millions):
| 2023 |  | 2022 |  | 2021
Total borrowings as of December 31 | $ | 1,858.2 |  | $ | 1,990.9 |  | $ | 1,726.0
Average outstanding borrowings during year | $ | 2,159.3 |  | $ | 2,074.9 |  | $ | 1,500.4
Maximum outstanding borrowings during year | $ | 2,386.6 |  | $ | 2,300.0 |  | $ | 1,903.0
Weighted-average interest rate as of December 31 | 5.67% |  | 5.33% |  | 1.77%

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