Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Short-term debt

Short-term debt at September 30, 2021 and December 31, 2020 was as follows:

	September 30, 2021		December 31, 2020
Variable-rate Accounts Receivable Facility with an interest rate of 0.96% at December 31, 2020	$	—	$	58.0
Borrowings under lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 0.50% to 1.10% at September 30, 2021 and 0.24% to 1.75% at December 31, 2020	27.9		61.8
Short-term debt	$	27.9	$	119.8

Long-term debt

Long-term debt at September 30, 2021 and December 31, 2020 was as follows:

	September 30, 2021		December 31, 2020
Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 1.12% and Euro of 1.05% at September 30, 2021 and U.S. Dollar of 2.01% and Euro of 1.48% at December 31, 2020	$	9.2	$	9.7
Variable-rate Term Loan(1), maturing on September 11, 2023, with an interest rate of 1.21% at September 30, 2021 and 1.63% at December 31, 2020	323.2		329.6
Fixed-rate Senior Unsecured Notes(1), maturing on September 1, 2024, with an interest rate of 3.875%	349.4		349.0
Fixed-rate Euro Senior Unsecured Notes(1), maturing on September 7, 2027, with an interest rate of 2.02%	173.4		182.9
Fixed-rate Senior Unsecured Notes(1), maturing on December 15, 2028, with an interest rate of 4.50%	396.8		396.5
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		154.7
Fixed-rate Bank Loan, maturing on June 30, 2033, with an interest rate of 2.15%	16.8		18.8
Other	4.6		3.6
Total debt	$	1,428.1	$	1,444.8
Less: Current maturities	11.1		10.9
Long-term debt	$	1,417.0	$	1,433.9

(1) Net of discounts and fees