v3.26.1
DEBT (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The disclosures below include details of the company’s debt. Debt of CIP is detailed in Note 11, "Consolidated Investment Products."

June 30, 2026December 31, 2025
(in millions)
Carrying Value (3)
Fair Value
Carrying Value (3)
Fair Value
$2.5 billion Revolving Credit Agreement expiring May 16, 2030
$736.0 $736.0 $437.7 $437.7 
Unsecured Senior Notes: (1)
$500 million 3.750% - due January 15, 2026 (2)
— — 499.9 499.5 
$400 million 5.375% - due November 30, 2043
391.7 385.0 391.6 385.8 
Term Loan Agreement:
$500 million - due May 16, 2030
496.3 494.1 495.9 497.2 
Debt$1,624.0 $1,615.1 $1,825.1 $1,820.2 
___________
(1)    The company's senior note indentures contain certain restrictions on mergers or consolidations. Beyond these items, there are no other restrictive covenants in the indentures.
(2)    On January 15, 2026, the outstanding balance of the $500.0 million senior notes was paid in full.
(3)    The difference between the principal amounts and the carrying values of the debt in the table above reflects the unamortized debt issuance costs and discounts.