Notes Payable (Tables)

9 Months Ended

Sep. 30, 2020

Notes Payable [Abstract]

Summary Of Indebtedness

The following is a summary of our indebtedness:

(in millions)	September 30, 2020		December 31, 2019
Commercial banks
1.15% Term Loan, due 2022	$	99.8	$	99.7
Unsecured credit facility	—		44.0
	$	99.8	$	143.7
Senior unsecured notes
3.15% Notes, due 2022	$	348.5	$	348.0
5.07% Notes, due 2023	248.8		248.4
4.36% Notes, due 2024	249.2		249.0
3.68% Notes, due 2024	248.3		248.0
3.74% Notes, due 2028	397.1		396.7
3.67% Notes, due 2029 (1)	594.1		593.7
2.91% Notes, due 2030	743.4		—
3.41% Notes, due 2049	296.6		296.6
	$	3,126.0	$	2,380.4
Total notes payable (2)	$	3,225.8	$	2,524.1

(1)    The 2029 Notes have an effective annual interest rate of approximately 3.84% through June 2026, which includes the effect of a settled forward interest rate swap, and approximately 3.28% thereafter, for an all-in average effective rate of approximately 3.67%.

(2) Unamortized debt discounts and debt issuance costs of $24.2 million and $19.9 million are included in senior unsecured and secured notes payable as of September 30, 2020 and December 31, 2019, respectively.

Scheduled Repayments On Outstanding Debt

The table below is a summary of the maturity dates of our outstanding debt and principal amortizations, and the weighted average interest rates on such debt, at September 30, 2020: 

(in millions) (1)	Amount (2)		Weighted Average  Interest Rate (3)
Remainder of 2020 (4)	$	98.9	1.2	%
2021	(3.6)		—
2022	346.4		3.2
2023	247.3		5.1
2024	497.9		4.0
Thereafter	2,038.9		3.4
Total	3,225.8		3.5	%

(1)Includes all available extension options.

(2)Includes amortization of debt discounts and debt issuance costs.

(3)Includes the effects of the applicable settled forward interest rate swaps.

(4)Includes the $100.0 million term loan due in 2022. In October 2020, we entered into a $40.0 million term loan due in 2022 and repaid the $100.0 million term loan due 2022. See below for further discussion.