v3.25.2
LONG-TERM DEBT (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The table below presents the components of outstanding debt (in millions):
June 30, 2025December 31, 2024
2.800% Senior Notes due July 15, 2030
$1,000.0 $1,000.0 
2024 Credit Agreement, due May 24, 2029— — 
Total face amount of long-term debt1,000.0 1,000.0 
Senior Notes unamortized discount and issuance costs(7.5)(8.1)
Long-term debt, net$992.5 $991.9 
Schedule of Interest Expense
The Company recognized interest expense as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Interest on outstanding borrowings$7.0 $7.0 $14.0 $14.0 
Amortization of Senior Notes discount and issuance costs
0.5 1.1 1.1 1.7 
Interest capitalized for construction in process
(3.1)(1.5)(5.7)(2.6)
Commitment fees and other0.6 0.8 1.3 1.6 
Total interest expense$5.0 $7.4 $10.7 $14.7