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Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt at September 30, 2023 and December 31, 2022 consisted of the following:

 

(in millions)

 

September 30, 2023

 

 

December 31, 2022

 

Current portion of long-term debt:

 

 

 

 

 

 

Current portion of 5-year term loan facility expires 2026

 

$

25.0

 

 

$

15.6

 

Current portion of 5-year term loan facility expires 2023

 

 

 

 

 

210.0

 

Current portion of 5-year term loan facility expires 2027

 

 

37.5

 

 

 

25.0

 

Current portion of 4.200% senior notes, semi-annual interest payments, balloon due 2024

 

 

500.0

 

 

 

 

Total current portion of long-term debt

 

 

562.5

 

 

 

250.6

 

Long-term debt:

 

 

 

 

 

 

Note agreements:

 

 

 

 

 

 

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

 

$

 

 

$

499.7

 

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

 

 

349.7

 

 

 

349.7

 

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

 

 

699.5

 

 

 

699.4

 

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

 

 

598.1

 

 

 

598.0

 

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

 

 

592.2

 

 

 

592.0

 

Total notes

 

 

2,239.5

 

 

 

2,738.8

 

Credit agreements:

 

 

 

 

 

 

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

 

 

200.0

 

 

 

218.8

 

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

 

 

 

 

 

 

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

 

 

300.0

 

 

 

300.0

 

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

 

 

425.0

 

 

 

456.2

 

Total credit agreements

 

 

925.0

 

 

 

975.0

 

Debt issuance costs (contra)

 

 

(19.9

)

 

 

(22.3

)

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

 

 

3,144.6

 

 

 

3,691.5

 

Current portion of long-term debt

 

 

562.5

 

 

 

250.6

 

Total debt

 

$

3,707.1

 

 

$

3,942.1