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Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2022

Debt consists of the following:


				Carrying Value at
	Maturity Date	Interest Rate at March 31, 2022		March 31, 2022		December 31, 2021
				(In millions)
Senior Notes	April 15, 2027	6.625	%	$	350.0	$	350.0

Revolving credit facility	November 26, 2024	1.43	%	250.1		221.1


Finance Leases	Various	Various		16.0		17.5
Other	Various	Various		16.6		17.5
Total debt				632.7		606.1
Less current portion of long-term debt and short-term debt				(9.9)		(10.7)

Less unamortized debt issuance costs				(3.6)		(3.9)
Total long-term debt, net				$	619.2	$	591.5

Schedule of fair value of debt

The following table represents fair value information of the Notes, classified as Level 1 using estimated quoted market prices.


	March 31, 2022		December 31, 2021
	(In millions)
Carrying amount	$	350.0	$	350.0
Fair value	$	295.3	$	337.6

- 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