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Debt (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Summary of Debt

At September 30, 2024 and December 31, 2023, our long-term debt and interest rates on that debt were as follows (dollars in millions):

 

 

 

September 30,

 

 

December 31,

 

 

 

 

2024

 

 

2023

 

 

Revolving Credit Facility

 

$

 

 

$

 

 

3.65% Senior Notes, net of discount of $0.1 million
   as of December 31, 2023, due
September 2024

 

 

 

 

 

399.9

 

 

3.40% Senior Notes, net of discount of $0.6 million
   and $
0.7 million as of September 30, 2024 and December 31,
   2023, respectively, due
December 2027

 

 

499.4

 

 

 

499.3

 

 

3.00% Senior Notes, net of discount of $0.4 million
   as of both September 30, 2024 and December
   31, 2023, due
December 2029

 

 

499.6

 

 

 

499.6

 

 

5.70% Senior Notes, net of discount of $0.3 million
   as of both September 30, 2024 and December 31,
   2023, due
December 2033

 

 

399.7

 

 

 

399.7

 

 

4.05% Senior Notes, net of discount of $3.2 million
   and $
3.3 million as of September 30, 2024 and December 31,
   2023, respectively, due
December 2049

 

 

396.8

 

 

 

396.7

 

 

3.05% Senior Notes, net of discount of $3.4 million
   and $
3.5 million as of September 30, 2024 and December 31,
   2023, respectively, due
October 2051

 

 

696.6

 

 

 

696.5

 

 

Total

 

 

2,492.1

 

 

 

2,891.7

 

 

Less current portion (a)

 

 

 

 

 

399.6

 

 

Less unamortized debt issuance costs

 

 

18.4

 

 

 

19.9

 

 

Total long-term debt

 

$

2,473.7

 

 

$

2,472.2

 

 

(a)
As of September 30, 2024, there are no unamortized debt issuance costs associated with the current portion of long-term debt, as the 2024 senior notes due September 2024 were repaid on September 15, 2024. As of December 31, 2023, the current portion of long-term debt excludes unamortized debt issuance costs of $0.3 million.