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Debt (Additional Information) (Details) $ in Millions |  | 6 Months Ended
--- | --- | ---
May 27, 2022 USD ($) | Jun. 30, 2022 USD ($)
Debt Instrument [Line Items] |  |
Credit agreement term |  | 5 years
Credit facility, expiration date | May 27, 2027 |
Credit lines, maximum borrowing capacity | $ 600.0 | $ 600.0
Discounted issue price (as a percent) |  | 99.465%
Debt Instrument, Interest Rate, Effective Percentage |  | 3.514%
Line of credit facility fee (Annual) |  | $ 10.0
Credit spread basis point |  | 102.50%
Debt instrument credit agreement, description |  | The Credit Agreement contains customary restrictive covenants pertaining to our management and operations, including limitations on the amount of subsidiary debt that we may incur and limitations on our ability to pledge assets, as well as financial covenants requiring, among other things, that we comply with a leverage ratio (Net Debt-to-Net Earnings before interest and other expenses, provision for income taxes, intangible asset amortization expense, depreciation and amortization expense ("EBITDA")) of not greater than 3.5 to 1 and a fixed charge coverage ratio of not less than 1.5 to 1.
Five year credit agreement |  |
Debt Instrument [Line Items] |  |
Maximum debt-to-EBITDA ratio |  | 0.35
Minimum fixed charge coverage ratio |  | 0.15
Notes due June 2027 |  |
Debt Instrument [Line Items] |  |
Principal amount |  | $ 400.0
Interest rate (as a percent) |  | 3.50%
Notes due September 2022 |  |
Debt Instrument [Line Items] |  |
Principal amount |  | $ 400.0
Interest rate (as a percent) |  | 1.875%

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- Definition Description of minimum financial levels (for example, tangible net worth and working capital) and achievement of certain financial ratios (for example, working capital ratio and debt service coverage ratio), and adherence to certain clauses which generally require or restrict certain actions (for example, entering into a debt arrangement with equal or greater seniority, and selling or discontinuing a certain business segment or material subsidiary) to be in compliance with the covenant clauses of the debt agreement. May also include a discussion of the adverse consequences that would result if the entity violates or fails to satisfy the covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 + Details
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