Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

Short-term debt at March 31, 2022 and December 31, 2021 was as follows:

	March 31, 2022		December 31, 2021
Borrowings under lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 0.50% to 2.10% at March 31, 2022 and 0.50% to 2.00% at December 31, 2021	$	29.9	$	42.6
Short-term debt	$	29.9	$	42.6

Schedule of Long-Term Debt

Long-term debt at March 31, 2022 and December 31, 2021 was as follows:

	March 31, 2022		December 31, 2021
Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 1.17% and Euro of 1.00% at March 31, 2022 and U.S. Dollar of 1.09% and Euro of 1.00% at December 31, 2021	$	8.8	$	9.0
Variable-rate Term Loan(1), maturing on September 11, 2023, with an interest rate of 1.58% at March 31, 2022 and 1.23% at December 31, 2021	319.0		321.1
Fixed-rate Senior Unsecured Notes(1), maturing on September 1, 2024, with an interest rate of 3.875%	349.6		349.5
Fixed-rate Euro Senior Unsecured Notes(1), maturing on September 7, 2027, with an interest rate of 2.02%	165.8		170.3
Fixed-rate Senior Unsecured Notes(1), maturing on December 15, 2028, with an interest rate of 4.50%	396.9		396.9
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 Senior Unsecured Notes(1), maturing on April 1, 2032, with an interest rate of 4.125%	341.7		—
Fixed-rate Euro Bank Loan, maturing on June 30, 2033, with an interest rate of 2.15%	15.4		15.8
Other	6.4		5.0
Total debt	$	1,758.3	$	1,422.3
Less: Current maturities	11.1		11.2
Long-term debt	$	1,747.2	$	1,411.1

(1) Net of discounts and fees

Schedule of Maturities of Long-term Debt

The maturities of long-term debt (including $3.8 million of finance leases) subsequent to March 31, 2022 are as follows:

Year
2022	$	8.8
2023	317.6
2024	360.5
2025	1.7
2026	11.5
2027	192.2
Thereafter	866.0