Financing (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Components of Debt

Our debt as of December 31, 2024, and 2023 consisted of the following:

(in millions) December 31,	2024		2023
Term Facility	$	—	$	4.6
Revolving Facility	210.0		—
Total short-term borrowings (a)	$	210.0	$	4.6
Term Facility	$	—	$	98.5
6.55% notes due November 2036	198.7		198.6
4.20% notes due March 2048	346.8		346.6
Other deferred financing costs associated with credit facilities	(4.9)		(3.4)
Total long-term debt (a)	$	540.6	$	640.3
(a ) Debt discounts and debt issuance costs totaled $9.4 million and $10.1 million as of December 31, 2024, and 2023, respectively, and have been netted against the aggregate principal amounts of the related debt in the components of the debt table above, where applicable.

Total Indebtedness to Capitalization

As of December 31, 2024, our total debt to total capitalization ratio was 41.3%, computed as follows:

(in millions)
Short-term borrowings	$	210.0
Long-term debt	540.6
Total debt	$	750.6
Equity	$	1,064.9
Capitalization	$	1,815.5
Total indebtedness to capitalization	41.3		%