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Financing Agreement (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The carrying value of debt, finance lease obligations, and notes payable and the average related interest rates were as follows (in millions):
Average interest rate as of December 31, 2022MaturityDecember 31, 2022December 31, 2021
Revolving loan facility5.10%
June 2026
$312.9 $— 
Term loan facility5.67%June 2026828.0 876.0 
Incremental term loan5.67%December 2023500.0 500.0 
Senior notes—fixed rate4.23%
July 2028
350.0 350.0 
Finance lease obligations5.21%
Various through 2029
11.4 13.5 
Notes payable and other4.25%
Various through 2030
61.4 68.3 
Debt issuance costs(5.9)(7.1)
Total debt, finance lease obligations, and notes payable$2,057.8 $1,800.7 
Less: current maturities553.6 553.3 
Total long-term debt, finance lease obligations, and notes payable$1,504.2 $1,247.4 
Summary of Activity Under Credit Arrangements, Excluding Acquired Borrowings
The following summarizes activity under the Company’s credit arrangements (in millions):
202220212020
Total borrowings as of December 31
$1,990.9$1,726.0$1,365.0
Average outstanding borrowings during year
$2,074.9$1,500.4$1,879.7
Maximum outstanding borrowings during year
$2,300.0$1,903.0$2,370.6
Weighted-average interest rate as of December 31
5.33%1.77%2.30%