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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt at December 31, 2022 and 2021 consisted of the following:

 

(in millions)

 

December 31,
2022

 

 

December 31,
2021

 

Current portion of long-term debt:

 

 

 

 

 

 

Current portion of 5-year term loan facility expires 2026

 

$

15.6

 

 

$

12.5

 

Current portion of 5-year term loan credit agreement
   expires 2023

 

 

210.0

 

 

 

30.0

 

Current portion of 5-year term loan credit agreement
   expires 2027

 

 

25.0

 

 

 

—

 

Total current portion of long-term debt

 

 

250.6

 

 

 

42.5

 

Long-term debt:

 

 

 

 

 

 

Note agreements:

 

 

 

 

 

 

4.200% senior notes, semi-annual interest payments, net of the unamortized discount,
balloon due 2024

 

 

499.7

 

 

 

499.5

 

4.500% senior notes, semi-annual interest payments, net of the unamortized discount,
balloon due 2029

 

 

349.7

 

 

 

349.6

 

2.375% senior notes, semi-annual interest payments, net of the unamortized discount,
balloon due 2031

 

 

699.4

 

 

 

699.3

 

4.200% senior notes, semi-annual interest payments, net of the unamortized discount,
balloon due 2032

 

 

598.0

 

 

 

—

 

4.950% senior notes, semi-annual interest payments, net of the unamortized discount,
balloon due 2052

 

 

592.0

 

 

 

—

 

Total notes

 

 

2,738.8

 

 

 

1,548.4

 

Credit agreements:

 

 

 

 

 

 

5-year term loan facility, periodic interest and principal payments, LIBOR plus up to
1.750%, expires October 27, 2026

 

 

218.8

 

 

 

234.4

 

5-year term loan facility, periodic interest and principal payments, LIBOR plus up to
1.750%, expires December 21, 2023

 

 

—

 

 

 

210.0

 

5-year revolving loan facility, periodic interest payments, LIBOR plus up to 1.525%,
plus commitment fees up to 0.225%, expires October 27, 2026

 

 

—

 

 

 

—

 

3-year term loan facility, periodic interest and principal payments, SOFR plus up to 1.625%, expires
March 31, 2025

 

 

300.0

 

 

 

—

 

5-year term loan facility, periodic interest and principal payments, SOFR plus up to 1.750%, expires
March 31, 2027

 

 

456.2

 

 

 

—

 

Total credit agreements

 

 

975.0

 

 

 

444.4

 

Debt issuance costs (contra)

 

 

(22.3

)

 

 

(12.4

)

Total long-term debt less unamortized discount and
   debt issuance costs

 

 

3,691.5

 

 

 

1,980.4

 

Current portion of long-term debt

 

 

250.6

 

 

 

42.5

 

Total debt

 

$

3,942.1

 

 

$

2,022.9