Borrowings (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Borrowings

Borrowings at June 30, 2023 and December 31, 2022 consisted of the following: 

	June 30, 2023		December 31, 2022
3.20% Senior Notes, due June 2023	$	—	$	100.0
3.37% Senior Notes, due June 2025	100.0		100.0
5.13% Senior Notes, due June 2028	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(1)	79.5		77.7
$200.0 million Term Facility, due November 2027(2)	200.0		200.0
Other borrowings	1.0		0.1
Total borrowings	1,480.5		1,477.8
Less current portion	0.5		—
Less deferred debt issuance costs	7.4		7.9
Less unaccreted debt discount	1.1		1.2
Long-term borrowings	$	1,471.5	$	1,468.7

(1) At June 30, 2023, there was $79.5 million outstanding under the Revolving Credit Facility with an interest rate of 4.32% and $7.4 million of outstanding letters of credit, resulting in a net available borrowing capacity under the Revolving Credit Facility of approximately $713.1 million.

(2) The $200.0 million outstanding under the Term Facility bears an interest rate of 6.30%.