Financing Agreement (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The carrying value of financing obligations and the average related interest rates were as follows (in millions):

	Average interest rate as of December 31, 2023	Maturity	December 31, 2023		December 31, 2022
Incremental term loan	—	December 2023	$	—	$	500.0
Revolving loan facility	4.72%	June 2026	228.2		312.9
Term loan facility	6.58%	June 2026	780.0		828.0
Private senior notes	4.23%	July 2028	350.0		350.0
Public senior notes	6.95%	March 2029	500.0		—
Finance lease obligations	5.22%	Various through 2029	10.3		11.4
Notes payable and other	4.26%	Various through 2030	54.2		61.4
Unamortized debt issuance costs and discounts			(14.3)		(5.9)
Total financing obligations			$	1,908.4	$	2,057.8
Less: Current financing obligations			54.0		553.6
Total long-term financing obligations			$	1,854.4	$	1,504.2

Summary of Activity Under Credit Arrangements, Excluding Acquired Borrowings

The following summarizes activity under the Company’s credit arrangements (in millions):

	2023		2022		2021
Total borrowings as of December 31	$	1,858.2	$	1,990.9	$	1,726.0
Average outstanding borrowings during year	$	2,159.3	$	2,074.9	$	1,500.4
Maximum outstanding borrowings during year	$	2,386.6	$	2,300.0	$	1,903.0
Weighted-average interest rate as of December 31	5.67%		5.33%		1.77%