FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Components of Short-term and Long-term Debt

The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):

	Average interest rate as of					Carrying value as of
	September 30, 2021		December 31, 2020		Maturity	September 30, 2021		December 31, 2020
Revolving credit facility	1.20	%	—	%	October 2023	$	632,000	$	—
Senior Notes, Series A	3.97	%	3.97	%	August 2023	175,000		175,000
Senior Notes, Series B	4.26	%	4.26	%	August 2028	150,000		150,000
Senior Notes, Series C	4.60	%	4.60	%	August 2033	175,000		175,000
Senior Notes (1)	4.20	%	4.20	%	April 2028	593,950		593,301
Total debt						1,725,950		1,093,301
Less: Current maturities and short-term borrowing						(632,000)		—
Long-term debt						$	1,093,950	$	1,093,301

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(1) Net of unamortized discounts and issuance costs.