Borrowings (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Borrowings

Borrowings at December 31, 2022 and 2021 consisted of the following:

	2022		2021
	(In millions)
3.20% Senior Notes, due June 2023(1)	$	100.0	$	100.0
3.37% Senior Notes, due June 2025	100.0		100.0
3.00% Senior Notes, due May 2030	500.0		500.0
2.625% Senior Notes, due June 2031	500.0		500.0
$800.0 million Revolving Credit Facility, due November 2027	77.7		—
$200.0 million Term Facility, due November 2027	200.0		—
Other borrowings	0.1		0.1
Total borrowings	1,477.8		1,200.1
Less current portion	—		—
Less deferred debt issuance costs	7.9		8.4
Less unaccreted debt discount	1.2		1.4
Long-term borrowings	$	1,468.7	$	1,190.3

(1)As of December 31, 2022, the $100.0 million 3.20% Senior Notes, due in June 2023, have not been classified as Short-term borrowings on the Consolidated Balance Sheets as the Company has the ability and intent to either refinance or repay these Notes using the available borrowing capacity of the Revolving Facility, due November 2027. As a result, the 3.20% Senior Notes remain classified as Long-term borrowings on the Consolidated Balance Sheets as of December 31, 2022.

Schedule of Maturities of Borrowings

Total borrowings at December 31, 2022 have scheduled maturities as follows:

(In millions)
2023	$	100.0
2024	—
2025	100.1
2026	—
2027	277.7
Thereafter	1,000.0
Total borrowings	$	1,477.8