Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

Short-term debt as of December 31, 2021 and 2020 was as follows:

	2021		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 2.00% at December 31, 2021 and 0.24% to 1.75% at December 31, 2020	42.6		61.8
Short-term debt	$	42.6	$	119.8

Schedule of Long-Term Debt

Long-term debt as of December 31, 2021 and 2020 was as follows:

	2021		2020
Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 1.09% and Euro of 1.00% at December 31, 2021 and 2.01% and 1.48%, respectively, at December 31, 2020	$	9.0	$	9.7
Variable-rate Term Loan(1), maturing on September 11, 2023, with an interest rate of 1.23% at December 31, 2021 and of 1.63% at December 31, 2020.	321.1		329.6
Fixed-rate Senior Unsecured Notes(1), maturing on September 1, 2024, with an interest rate of 3.875%	349.5		349.0
Fixed-rate Euro Senior Unsecured Notes(1), maturing on September 7, 2027, with an interest rate of 2.02%	170.3		182.9
Fixed-rate Senior Unsecured Notes(1), maturing on December 15, 2028, with an interest rate of 4.50%	396.9		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%	15.8		18.8
Other	5.0		3.6
Total debt	$	1,422.3	$	1,444.8
Less current maturities	11.2		10.9
Long-term debt	$	1,411.1	$	1,433.9

(1) Net of discount and fees

Schedule of Maturities of Long-term Debt

The maturities of long-term debt (including $4.3 million of finance leases) for the five years subsequent to December 31, 2021 are as follows:

Year
2022	$	11.2
2023	9.8
2024	305.3
2025	359.3
2026	1.0
Thereafter	735.7