Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Summary of Components of Long-Term Borrowings and Finance Lease Obligations

The following table summarizes the components of Long-term borrowings and finance lease obligations:

(in millions)	September 30, 2020		December 31, 2019
2019 Credit Agreement (a)	$	238.2	$	219.9
Finance lease obligations	0.7		0.6
Total long-term borrowings and finance lease obligations, including current portion	238.9		220.5
Less: Current finance lease obligations	0.2		0.2
Total long-term borrowings and finance lease obligations	$	238.7	$	220.3

(a)     Defined as the Second Amended and Restated Credit Agreement, dated July 30, 2019.

Schedule of Carrying Amounts and Estimated Fair Values of Long-Term Borrowings

The following table summarizes the carrying amounts and estimated fair values of the Company’s long-term borrowings:

	September 30, 2020				December 31, 2019
(in millions)	Notional Amount		Fair Value		Notional Amount		Fair Value
Long-term borrowings (a)	$	238.9	$	238.9	$	220.5	$	220.5

(a)     Long-term borrowings includes current finance lease obligations of $0.2 million and $0.2 million as of September 30, 2020 and December 31, 2019, respectively.

Schedule of Gross Borrowings and Gross Payments

The following table summarizes the gross borrowings and gross payments under the Company’s revolving credit facilities:

	Nine Months Ended September 30,
(in millions)	2020		2019
Gross borrowings	$	82.6	$	80.1
Gross payments	62.1		42.6