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Long-term Debt (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
(in millions)
Fair Value(1)
June 30,
2021
December 31,
2020
June 30,
2021
December 31,
2020
2.75% Notes due 2030
$750.0 $750.0 $780.3 $804.8 
3.75% Notes due 2027
600.0 600.0 664.1 679.3 
3.5% Notes due 2024
400.0 400.0 428.5 438.3 
3.75% Notes due 2022
350.0 350.0 364.0 366.9 
Unamortized discount, debt issuance costs and other(18.4)(18.7)
Total long term-debt2,081.6 2,081.3 
Less: current portion of debt1.2 1.1 
Long term-debt, less current portion$2,080.4 $2,080.2 
(1)The fair value is estimated based on current yield rates plus the Company’s estimated credit spread available for financings with similar terms and maturities. Based on these inputs, the debt instruments are classified as Level 2 in the fair value hierarchy.