XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.23.2

DEBT (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | The following table sets forth Wesco's outstanding indebtedness:
| As of
| June 30, 2023 |  | December 31, 2022
| (In millions)
International lines of credit | $ | 3.3 |  |  | $ | 7.1 |
Accounts Receivable Securitization Facility | 1,550.0 |  |  | 1,535.0 |
Revolving Credit Facility | 1,175.0 |  |  | 1,023.6 |
5.50% Anixter Senior Notes due 2023 | — |  |  | 58.6 |
6.00% Anixter Senior Notes due 2025 | 4.2 |  |  | 4.2 |
7.125% Senior Notes due 2025 | 1,500.0 |  |  | 1,500.0 |
7.250% Senior Notes due 2028, less debt discount of $6.2 and $6.8 in 2023 and 2022, respectively | 1,318.8 |  |  | 1,318.2 |
Finance lease obligations | 25.2 |  |  | 20.6 |
Total debt | 5,576.5 |  |  | 5,467.3 |
Plus: Fair value adjustments to the Anixter Senior Notes | 0.1 |  |  | 0.3 |
Less: Unamortized debt issuance costs | (44.3) |  |  | (51.1) |
Less: Short-term debt and current portion of long-term debt(1) | (9.2) |  |  | (70.5) |
Total long-term debt | $ | 5,523.1 |  |  | $ | 5,346.0 |
(1) As of December 31, 2022, short-term debt and current portion of long-term debt included the $58.6 million aggregate principal amount of the Company's 5.50% Anixter Senior Notes due 2023, which matured on March 1, 2023. 5.50% Anixter Senior Notes due 2023 On March 1, 2023, Wesco Distribution repaid the $58.6 million aggregate principal amount of its 5.50% Anixter Senior Notes due 2023 plus accrued interest up to, but not including, the maturity date. The repayment was funded with borrowings under the Company's Revolving Credit Facility and had no impact on the Company's results of operations.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration