v3.26.1
Debt
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt Debt
Long-term debt consisted of the following at March 31, 2026 and December 31, 2025: 
(in millions)March 31, 2026December 31, 2025
$500.0 million fixed rate notes due June 2028, stated rate of 3.75%$499.1 $498.9 
$750.0 million fixed rate notes due March 2030, stated rate of 4.40%
742.6 742.1 
$750.0 million fixed rate notes due March 2032, stated rate of 2.65%
744.8 744.6 
$750.0 million fixed rate notes due September 2043, stated rate of 5.30% (1)
744.7 744.6 
$700.0 million fixed rate notes due June 2048, stated rate of 4.15%692.0 692.1 
Total long-term debt$3,423.2 $3,422.3 
(1)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 4.73%.
Long-term debt maturities, at par value, were as follows at March 31, 2026:  
(in millions)Par Value
2027$— 
2028500.0 
2029— 
2030750.0 
2031— 
Thereafter2,200.0