Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Short-Term Debt

Short-term debt as of December 31, 2020 and 2019 was as follows:

	2020		2019
Variable-rate Accounts Receivable Facility with an interest rate of 0.96% at December 31, 2020 and of 2.77% at December 31, 2019	$	58.0	$	1.8
Borrowings under lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 0.24% to 1.75% at December 31, 2020 and 0.27% to 1.75% at December 31, 2019	61.8		15.5
Short-term debt	$	119.8	$	17.3

Long-Term Debt

Long-term debt as of December 31, 2020 and 2019 was as follows:

	2020		2019
Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 2.01% and Euro of 1.48% at December 31, 2020 and 2.85% and 1.00%, respectively, at December 31, 2019	$	9.7	$	132.7
Variable-rate Euro Term Loan(1), matured on September 18, 2020, with an interest rate of 1.13% at December 31, 2019.	—		54.4
Variable-rate Accounts Receivable Facility, with an interest rate of 2.77% at December 31, 2019.	—		98.2
Variable-rate Term Loan(1), maturing on September 11, 2023, with an interest rate of 1.63% at December 31, 2020 and of 2.92% at December 31, 2019.	329.6		338.5
Fixed-rate Senior Unsecured Notes(1), maturing on September 1, 2024, with an interest rate of 3.875%	349.0		348.5
Fixed-rate Euro Senior Unsecured Notes(1), maturing on September 7, 2027, with an interest rate of 2.02%	182.9		167.7
Fixed-rate Senior Unsecured Notes(1), maturing on December 15, 2028, with an interest rate of 4.50%	396.5		396.1
Fixed-rate Medium-Term Notes, Series A(1), maturing at various dates through May 2028, with interest rates ranging from 6.74% to 7.76%	154.7		154.6
Fixed-rate Bank Loan, maturing on June 30, 2033, with an interest rate of 2.15%	18.8		18.0
Other	3.6		4.1
Total debt	$	1,444.8	$	1,712.8
Less current maturities	10.9		64.7
Long-term debt	$	1,433.9	$	1,648.1

Schedule of Maturities of Long-term Debt

The maturities of long-term debt (including $3.7 million of finance leases) for the five years subsequent to December 31, 2020 are as follows:

Year
2021	$	10.9
2022	10.2
2023	10.2
2024	304.5
2025	360.0
Thereafter	749.0