v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Financial Assets And Liabilities Measured At Fair Value The following table presents information about our financial instruments measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024.
Financial Instruments Measured at Fair Value on a Recurring Basis
 June 30, 2025December 31, 2024
(in millions)Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)TotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total
Other Assets
Deferred compensation plan investments (1)
$142.4 $— $— $142.4 $134.1 $— $— $134.1 
Derivative financial instruments (fair value hedges)$— $6.3 $— $6.3 $— $5.3 $— $5.3 
(1)Approximately $6.9 million and $17.7 million of participant cash was withdrawn from our deferred compensation plan investments during the six months ended June 30, 2025 and the year ended December 31, 2024, respectively.
Fair Value Of Notes Payable The following table presents the carrying and estimated fair values of our notes payable at June 30, 2025 and December 31, 2024.
 June 30, 2025December 31, 2024
(in millions)Carrying
Value
Estimated
Fair Value
Carrying
Value
Estimated
Fair Value
Fixed rate notes payable$2,765.7 $2,602.6 $2,764.4 $2,528.6 
Floating rate notes payable (1)
1,060.3 1,070.1 721.2 733.0 
(1) Includes the senior unsecured notes payable and a term loan due in 2026 at June 30, 2025 and December 31, 2024, and includes commercial paper notes at June 30, 2025 and balances outstanding under our unsecured revolving credit facility at December 31, 2024.