XML 67 R49.htm IDEA: XBRL DOCUMENT v3.24.0.1
Debt And Credit Facilities (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Components of debt
The components of the Company’s debt as of December 31, were as follows, net of debt discount and debt issuance costs ($ in millions):
20232022
Senior term loan facility due 2028 (the “2028 Term Loan”)
$525.8 $— 
Senior term loan facility due 2024 (the “2024 Term Loan”)
— 648.3 
Senior euro term loan facility due 2028 (the “2028 Euro Term Loan”)385.4 — 
Senior euro term loan facility due 2024 (the “2024 Euro Term Loan”)— 222.4 
Convertible senior notes due 2028 (the “2028 Convertible Notes”)
486.9 — 
Convertible senior notes due 2025 (the “2025 Convertible Notes”)
115.3 510.0 
Total debt1,513.4 1,380.7 
Less: current portion(115.3)(510.0)
Long-term debt$1,398.1 $870.7 
Contractual Minimum Principal Payments on Debt
The Company’s contractual minimum principal payments are as follows ($ in millions):

2025$116.3 
2026— 
2027— 
20281,416.6 
Total$1,532.9 
Components of convertible debt
The following table sets forth total interest expense recognized related to convertible notes ($ in millions):

Year Ended December 31,
20232022
Contractual interest expense:
   2028 Convertible Notes$3.4 $— 
   2025 Convertible Notes9.1 12.3 
Amortization of debt issuance costs:
   2028 Convertible Notes1.0 — 
   2025 Convertible Notes2.0 2.9 
Total interest expense
$15.5 $15.2 
Components of unamortized debt discount and issuance costs
The remaining unamortized debt issuance costs for debt outstanding were as follows ($ in millions):
Year Ended December 31,
20232022
2028 Convertible Notes$13.3 $— 
2025 Convertible Notes1.0 7.5 
Term Loans4.2 1.7 
Euro Term Loans1.0 0.3 
$19.5 $9.5