DEBT

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

DEBT

DEBT

The disclosures below include details of the company’s debt. Debt of CIP is detailed in Note 11, "Consolidated Investment Products."

	March 31, 2024				December 31, 2023
(in millions)	Carrying Value (3)		Fair Value		Carrying Value (3)		Fair Value
$2.0 billion floating rate credit agreement expiring April 26, 2028	$	367.6	$	367.6	$	—	$	—
Unsecured Senior Notes: (1)
$600 million 4.000% - due January 30, 2024 (2)	—		—		599.9		599.1
$500 million 3.750% - due January 15, 2026	498.7		488.0		498.6		489.1
$400 million 5.375% - due November 30, 2043	391.2		391.7		391.0		409.6
Debt	$	1,257.5	$	1,247.3	$	1,489.5	$	1,497.8

____________

(1)    The company’s senior note indentures contain certain restrictions on mergers or consolidations. Beyond these items, there are no other restrictive covenants in the indentures.

(2)     On January 30, 2024, the outstanding balance of the $600.0 million senior notes was paid in full.

(3)    The difference between the principal amounts and the carrying values of the senior notes in the table above reflect the unamortized debt issuance costs and discounts.