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Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2023

Debt consists of the following:


				Carrying Value at
	Maturity Date	Interest Rate at March 31, 2023		March 31, 2023		December 31, 2022
				(In millions)
Senior Notes	April 15, 2027	6.625	%	$	350.0	$	350.0

Revolving credit facility	November 26, 2024	5.94	%	288.5		285.3


Finance Leases	Various	Various		20.2		18.5
Other	Various	Various		18.1		15.3
Total debt				676.8		669.1
Less: Current portion of long-term debt and short-term debt				(12.8)		(10.9)

Less: Unamortized debt issuance costs				(2.9)		(3.1)
Total long-term debt				$	661.1	$	655.1

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, 2023		December 31, 2022
	(In millions)
Carrying amount	$	350.0	$	350.0
Fair value	$	273.9	$	227.5

- 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