External Debt and Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Outstanding Notes

The following table provides a summary of the Company’s outstanding Notes, including the carrying value

of the Notes, net of underwriting commissions, price discounts and debt issuance costs as of December 31, 2022 and December 31, 2021:

(in millions)					Net Carrying Value
Coupon Rate	Principal Amount		Issuance Date	Maturity Date	December 31, 2022		December 31, 2021
4.000% Senior Notes	$	500.0	June 2015	June 2025	$	498.1	$	497.4
4.000% Senior Notes		600.0	September 2018	September 2023		599.2		598.2
3.250% Senior Notes		700.0	September 2019	September 2029		695.0		694.2
4.000% Senior Notes		450.0	March 2022	March 2032		445.8		-
4.500% Senior Notes		450.0	March 2022	March 2052		435.4		-
Total Senior Notes	$	2,700.0			$	2,673.5	$	1,789.8

As of December 31, 2022 and December 31, 2021, the components of long-term debt were as follows:

(In millions)	2022		2021
Notes (due 2023 to 2052)	$	2,673.5	$	1,789.8
2022 Revolving Credit Agreement		—		520.0
2021 Term Loan		—		400.0
Total debt		2,673.5		2,709.8
Less: current portion		599.2		400.0
Total long-term debt	$	2,074.3	$	2,309.8