FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Short-Term Debt

Short-term debt were as follows:

	Year Ended December 31,
	2019				2018
	Principal		Interest		Principal		Interest
(in millions except percentages)	Balance		Rate		Balance		Rate
Corporate commercial paper facility	$	—	—	%	$	67.8	2.8	%
Other short-term loans	2.1		3.7	%	14.0		0.8	%
Add: Current portion of long-term debt	0.2				10.6
Total short-term debt	$	2.3			$	92.4
Maximum month-end short-term debt outstanding during the year	$	148.2			$	248.5
Average amount of short-term debt outstanding during the year	50.1				121.7
Weighted-average interest rate on short-term debt at year-end			3.7	%			2.5	%

Long-Term Debt

Long-term debt were as follows:

	Year Ended December 31,
	2019				2018
	Principal		Interest		Principal		Interest
(in millions except percentages)	Balance		Rate		Balance		Rate
Term loan 12.6 billion Japanese yen due September 2019	$	—	—	%	$	114.6	0.6	%
Term loan $175.0 million due August 2020	—		—	%	131.3		3.9	%
Fixed rate senior notes $450 million due August 2021	296.0		4.1	%	295.7		4.1	%
Private placement notes 70.0 million euros due October 2024	78.5		1.0	%	80.2		1.0	%
Private placement notes 25.0 million Swiss franc due December 2025	25.8		0.9	%	25.4		0.9	%
Private placement notes 97.0 million euros due December 2025	108.8		2.1	%	111.2		2.1	%
Private placement notes 26.0 million euros due February 2026	29.2		2.1	%	29.8		2.1	%
Private placement notes 58.0 million Swiss franc due August 2026	60.0		1.0	%	59.0		1.0	%
Private placement notes 106.0 million euros due August 2026	118.9		2.3	%	121.5		2.3	%
Private placement notes 70.0 million euros due October 2027	78.5		1.3	%	80.2		1.3	%
Private placement notes 7.5 million Swiss franc due December 2027	7.8		1.0	%	7.6		1.0	%
Private placement notes 15.0 million euros due December 2027	16.8		2.2	%	17.2		2.2	%
Private placement notes 140.0 million Swiss franc due August 2028	144.7		1.2	%	142.5		1.2	%
Private placement notes 70.0 million euros due October 2029	78.5		1.5	%	80.2		1.5	%
Private placement notes 70.0 million euros due October 2030	78.5		1.6	%	80.2		1.6	%
Private placement notes 45.0 million euros due February 2031	50.5		2.5	%	51.6		2.5	%
Private placement notes 65.0 million Swiss franc due August 2031	67.2		1.3	%	66.1		1.3	%
Private placement notes 12.6 billion Japanese yen due September 2031	115.5		1.0	%	—		—	%
Private placement notes 70.0 million euros due October 2031	78.5		1.7	%	80.2		1.7	%
Other borrowings, various currencies and rates	4.1				5.5
	$	1,437.8			$	1,580.0
Less: Current portion
(included in “Notes payable and current portion of long-term debt” in the Consolidated Balance Sheets)	0.2				10.6
Less: Long-term portion of deferred financing costs	4.5				4.5
Long-term portion	$	1,433.1			$	1,564.9

Schedule of Maturities of Long-term Debt

The table below reflects the contractual maturity dates of the various long term borrowings were as follows:

(in millions)	December 31, 2019
2020	$	0.2
2021	297.4
2022	1.3
2023	0.4
2024	78.7
2025 and beyond	1,059.8
	$	1,437.8