Debt, Interest Income, Expense, and Other Finance Costs (Tables)

12 Months Ended

Dec. 31, 2024

Debt, Interest Income, Expense and Other Finance Costs [Abstract]

Schedule of debt

Our outstanding debt consists of the following (in millions):

	As of December 31,
	2024		2023
Credit Facility	$	—	$	—
Term Loan	455.3		476.4
Convertible Notes (1)	340.9		338.5
Finance leases (2)	29.9		15.7
Other (3)	54.7		57.3
Total debt	880.8		887.9
Less: Current maturities of long-term debt and finance leases	84.0		78.8
Long-term debt	$	796.8	$	809.1

(1)As of December 31, 2024 and 2023 the net carrying amount of the Convertible Notes includes the aggregate principal amount of $350.0 million, net of unamortized debt issuance costs of $9.1 million and $11.5 million, respectively. The fair value of the Convertible Notes was estimated to be approximately $395.7 million and $354.1 million as of December 31, 2024 and 2023, respectively, using the Level 2 observable input of quoted market prices in an inactive market.

(2)See Note 14. Leases for additional information.

(3)Includes secured borrowings for the transfer of tax receivables of $50.3 million (EUR 48.5 million) and $53.6 million (EUR 48.5 million) as of December 31, 2024 and 2023, respectively.

Schedule of aggregate annual maturities of debt

As of December 31, 2024, the aggregate annual maturities of debt are as follows (in millions):

Year Ended December 31,
2025	$	81.5
2026	38.6
2027	406.5
2028	350.9
2029	1.5
Thereafter	1.7
Total	$	880.8

Schedule of interest expense and other financing costs, net

The following table provides additional information about our interest income (expense), and other financing costs, net (in millions):

	Year Ended December 31,
	2024		2023		2022
Interest income	$	13.8	$	7.8	$	6.8
Interest expense and other financing costs	(116.0)		(135.5)		(117.4)
Interest expense and other financing costs, net	$	(102.2)	$	(127.7)	$	(110.6)