Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2019

Debt consists of the following:



				Carrying Value at
	Maturity Date	Interest Rate at December 31, 2019		December 31, 2019			December 31, 2018
Senior Notes due 2027	April 15, 2027	6.625	%	$	350.0		$	350.0
Revolving credit facility	November 26, 2024	2.85	%	173.2			165.1
Industrial Equipment Group European Facilities	December 21, 2021	3.25	%	4.6			12.6
Finance leases	Various	Various		17.2			20.7
Other	Various	Various		23.5			24.7
Total debt				568.5			573.1
Less: Current portion of long-term debt and short-term debt				(16.8		)	(17.9		)
Less: Unamortized debt issuance costs				(6.5		)	(7.7		)
Total long-term debt, net				$	545.2		$	547.5

Fair value of debt

The following table represents fair value information of the Notes, classified as Level 1, at December 31, 2019 and 2018. The fair value was estimated using quoted market prices.



	December 31, 2019		December 31, 2018
Carrying amount	$	350.0	$	350.0
Fair value	$	358.3	$	345.8

Maturities of long-term debt

Maturities of short-term and long-term debt, excluding finance leases, during each of the five years subsequent to December 31, 2019 are as follows:



2020	$	9.8
2021	$	3.5
2022	$	3.0
2023	$	2.9
2024	$	175.8

- 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