Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

Short-term debt at March 31, 2023 and December 31, 2022 was as follows:

	March 31, 2023		December 31, 2022
Variable-rate Accounts Receivable Facility with an interest rate of 5.54% at March 31, 2023	$	7.1	$	—
Borrowings under lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 3.42% to 4.90% at March 31, 2023 and 2.38% to 5.50% at December 31, 2022	38.7		46.3
Short-term debt	$	45.8	$	46.3

Schedule of Long-Term Debt

Long-term debt at March 31, 2023 and December 31, 2022 was as follows:

	March 31, 2023		December 31, 2022
Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 5.72% and Euro of 3.46% at March 31, 2023 and U.S. Dollar of 5.10% and Euro of 2.21% at December 31, 2022	$	63.6	$	8.5
Variable-rate Accounts Receivable Facility with an interest rate of 5.54% at March 31, 2023 and 5.01% at December 31, 2022	92.9		85.0
Variable-rate Term Loan(1), maturing on December 5, 2027, with an interest rate of 5.54% at March 31, 2023 and 5.55% at December 31, 2022	399.1		399.1
Fixed-rate Senior Unsecured Notes(1), maturing on September 1, 2024, with an interest rate of 3.875%	349.9		349.8
Fixed-rate Euro Senior Unsecured Notes(1), maturing on September 7, 2027, with an interest rate of 2.02%	162.4		160.4
Fixed-rate Senior Unsecured Notes(1), maturing on December 15, 2028, with an interest rate of 4.50%	397.4		397.2
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%	154.8		154.8
Fixed-rate Senior Unsecured Notes(1), maturing on April 1, 2032, with an interest rate of 4.125%	342.5		342.1
Fixed-rate Euro Bank Loan, maturing on June 30, 2033, with an interest rate of 2.15%	13.4		13.6
Other	5.6		6.4
Total debt	$	1,981.6	$	1,916.9
Less: current maturities	2.8		2.7
Long-term debt	$	1,978.8	$	1,914.2

(1) Net of discounts and fees

Schedule of Maturities of Long-term Debt

The maturities of long-term debt (including $3.5 million of finance leases) subsequent to March 31, 2023 are as follows:

Year
2023	$	2.5
2024	450.2
2025	26.9
2026	51.6
2027	584.6
2028	521.3
Thereafter	355.9