Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 2018

Long-term debt consists of the following:



				Carrying Value at
	Maturity Date	Interest Rate at June 30, 2018		June 30, 2018			December 31, 2017
				(In millions)
Senior Notes due 2027	April 15, 2027	6.625	%	$	350.0		$	350.0
Revolving credit facility	April 17, 2022	3.80	%	199.3			124.7
Industrial Equipment Group European Facilities	December 21, 2021	3.25	%	24.8			27.0
Capital Leases	Various	Various		18.2			20.3
Other	Various	Various		23.3			19.9
Gross debt				615.6			541.9
Less current portion of long-term and short-term debt				(15.6		)	(17.7		)
Less unamortized debt issuance costs				(8.1		)	(8.7		)
Total long-term debt, net				$	591.9		$	515.5

Fair value of debt

The following table represents fair value information of the Notes, classified as Level 1 using estimated quoted market prices.



	June 30, 2018		December 31, 2017
	(In millions)
Carrying amount	$	350.0	$	350.0
Fair value	$	358.4	$	380.6

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details