FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2023

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
	June 30, 2023		December 31, 2022		Maturity	June 30, 2023		December 31, 2022
Revolving credit facility	6.22	%	—	%	November 2027	$	141,000	$	—
364-day revolving credit facility	—	%	5.12	%	May 2023	—		379,000
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
Receivables Securitization Facility (1)	5.87	%	5.01	%	November 2023	499,863		499,655
Senior Notes (1)	4.20	%	4.20	%	April 2028	595,495		595,049
Total debt						1,736,358		1,973,704
Less: Current maturities and short-term borrowing						(815,863)		(1,053,655)
Long-term debt						$	920,495	$	920,049

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(1) Net of unamortized discounts and issuance costs.