Lines of Credit and Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Summary of outstanding debt obligations

The following table summarizes our outstanding debt obligations and their classification in the accompanying Consolidated Balance Sheets (in millions):

	As of March 31, 2023		As of December 31, 2022
Current maturities of long-term debt:
Asset securitization program	$	297.0	$	350.0
Finance lease obligations	10.9		11.2
Senior unsecured notes	350.0		350.0
Debt issuance costs	(0.4)		(0.6)
Total current maturities of long-term debt	$	657.5	$	710.6
Long-Term Debt:
Finance lease obligations	27.8		28.3
Credit agreement	388.0		192.0
Senior unsecured notes	600.0		600.0
Debt issuance costs	(5.7)		(6.1)
Total long-term debt	$	1,010.1	$	814.2
Total debt	$	1,667.6	$	1,524.8

Eligible amounts available and beneficial interests sold

	As of March 31, 2023		As of December 31, 2022
Eligible amount available under the ASP on qualified accounts receivable	$	297.3	$	350.0
Less: Beneficial interest transferred	(297.0)		(350.0)
Remaining amount available	$	0.3	$	—

Summary of weighted average borrowing rate facility

Our weighted average borrowing rate on the facility was as follows:

	As of March 31, 2023		As of December 31, 2022
Weighted average borrowing rate	6.06	%	5.57	%