Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

Short-term debt as of December 31, 2024 and 2023 was as follows:

	2024		2023
Variable-rate Term Loan(1), originally due to mature on August 16, 2024; redeemed on May 29, 2024.	$	—	$	220.8
Borrowings under lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 3.36% to 3.95% at December 31, 2024 and 4.35% to 7.33% at December 31, 2023	8.7		25.4
Short-term debt	$	8.7	$	246.2

Schedule of Long-Term Debt

Long-term debt as of December 31, 2024 and 2023 was as follows:

	2024		2023
Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 6.48% and Euro of 4.85% at December 31, 2023	$	—	$	247.4
Variable-rate Accounts Receivable Facility, with an interest rate of 6.42% at December 31, 2023	—		67.0
Fixed-rate Senior Unsecured Notes(1), originally due to mature on September 1, 2024; redeemed on June 24, 2024	—		350.0
Fixed-rate Euro Senior Unsecured Notes(1), maturing on September 7, 2027, with an interest rate of 2.02%	155.3		165.5
Variable-rate Term Loan(1), maturing on December 5, 2027, with an interest rate of 5.58% at December 31, 2024 and of 6.58% at December 31, 2023	369.6		399.3
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 December 15, 2028, with an interest rate of 4.50%	398.1		397.7
Fixed-rate Senior Unsecured Notes(1), maturing on April 1, 2032, with an interest rate of 4.13%	345.1		343.7
Fixed-rate Euro Senior Unsecured Notes(1), maturing on May 23, 2034, with an interest rate of 4.13%	609.7		—
Fixed-rate Euro Bank Loan, maturing on June 30, 2033, with an interest rate of 2.15%	10.6		12.7
Other	10.8		11.6
Total debt	$	2,054.0	$	2,149.7
Less current maturities	4.3		359.4
Long-term debt	$	2,049.7	$	1,790.3

(1) Net of discount and fees

Schedule of Maturities of Long-term Debt

The maturities of long-term debt (including $8.8 million of finance leases) for the years subsequent to December 31, 2024 are as follows:

Year
2025	$	4.3
2026	54.1
2027	513.4
2028	522.3
2029	1.6
Thereafter	977.2