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Debt and Other Obligations (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt Arrangements
Debt and Other Obligations, at December 31, are as follows:
20252024
(In millions)
Current
Term Loans$3.0 $3.0 
Deferred debt issuance costs - Term Loans(0.9)(0.8)
China Term Loan13.1 5.7 
Other short-term debt and obligations289.8 250.9 
Current portion of long-term debt and other financial liabilities305.0 258.8 
Non-current
Term Loans636.7 598.9 
Deferred debt issuance costs - Term Loans(1.5)(2.1)
China Term Loan
39.3 50.2 
Long-term debt, net674.5 647.0 
Total $979.5 $905.8 
Schedule of Interest Rate
The Term Loan interest rates as of December 31 were as follows:
20252024
Euro-denominated Term Loan4.7 %6.1 %
U.S. dollars denominated Term Loan6.5 %7.4 %
Schedule of Line of Ancillary Facilities
Other short-term debt and obligations, at December 31 were as follows:
20252024
(In millions)
Revolving Credit Facility$58.8 $— 
Ancillary Credit Facilities
OEC GmbH outstanding borrowings127.9 147.8 
OEC LLC outstanding borrowings19.4 14.0 
OEC Huaibei outstanding borrowings4.6 16.5 
Korea Working Capital Loans (capacity $39.8 million)
Uncommitted1.7 1.7 
Committed17.3 22.7 
China Working Capital Loans17.1 11.7 
Repurchase Agreement43.0 36.5 
Total of Other Short-term Debt and Obligations$289.8 $250.9 
Supplemental information:
Total ancillary capacity - EUR€234.0 €234.0 
Total ancillary capacity - U.S. Dollars$275.0 $243.1 
Schedule of Net Leverage Under the amended RCF, Net Leverage, as defined in the Credit Agreement is as follows:
Net Leverage at
March 31, 20265.5x
September 30, 20266.25x
December 31, 20266.50x
June 30, 20276.00x
September 30, 20275.50x
December 31, 20275.00x
June 30, 20284.50x
Schedule of Future Years Payment Schedule
The aggregate principal amounts of long-term debt, excluding finance lease liabilities presented in Note G. Leases, are as follows:
Repayment
(In millions)
2026$16.1 
202716.1 
2028646.9 
202913.0 
2030— 
Total$692.1