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LONG-TERM OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt is summarized as follows (in millions):

			December 31,
			2023						2022
5% Senior Notes due May 15, 2029, net of unamortized debt issuance costs of $5.0 and $6.0 million at December 31, 2023 and 2022, respectively			$	595.0					$	594.0
Credit Agreement - revolving line of credit expires on April 1, 2026			—						177.0
Secured borrowings			19.0						—
Finance lease obligations			8.7						4.2
Other			0.5						0.3
Total debt			623.2						775.5
Less: Current portion of long-term debt			(2.8)						(1.9)
Long-term debt, less current portion			$	620.4					$	773.6

Schedule of Debt

Letters of credit outstanding (in millions):

			December 31, 2023						December 31, 2022
$400 Million Facility			$	—																	$	—
$300 Million Facility			71.8																		70.4
Bilateral Arrangements			48.1																		48.0
Total			$	119.9																	$	118.4

Schedule of Maturities of Long-term Debt

Amounts shown are exclusive of minimum lease payments for capital lease obligations and secured borrowings (in millions):

2024			$	0.2
2025			0.1
2026			0.1
2027			0.1
2028			—
Thereafter			600.0
Total Debt			600.5
Less: Unamortized debt issuance costs			(5.0)
Net debt			$	595.5

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The Company estimates the fair value of its debt set forth below as of December 31, 2023 and 2022, as follows (in millions, except for quotes):

2023			Book Value						Quote						Fair Value
5% Notes			$	600.0					0.94375						$	566.3

2022			Book Value						Quote						Fair Value
5% Notes			$	600.0					0.89250						$	535.5

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