XML 262 R29.htm IDEA: XBRL DOCUMENT v3.23.1

Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of information about debt

The following table presents information about our debt:

(dollars in millions)			March 31, 2023																		December 31, 2022
			Interest terms						Rate						Amount
Receivables facility			SOFR1 plus 0.80%						5.70%						$	287.3					$	327.2
Senior secured credit facilities:
Euro term loans B-4			EURIBOR plus 2.50%						4.93%						646.2						636.7
Euro term loans B-5			EURIBOR plus 2.00%						4.43%						347.1						342.0
U.S. dollar term loans B-5			LIBOR plus 2.25%						6.88%						1,263.1						1,488.3
2.625% secured notes			fixed rate						2.625%						706.6						694.5
3.875% unsecured notes			fixed rate						3.875%						800.0						800.0
3.875% unsecured notes			fixed rate						3.875%						434.8						427.3
4.625% unsecured notes			fixed rate						4.625%						1,550.0						1,550.0
Finance lease liabilities															69.0						68.9
Other															13.6						14.2
Total debt, gross															6,117.7						6,349.1
Less: unamortized deferred financing costs															(56.5)						(61.6)
Total debt															$	6,061.2					$	6,287.5
Classification on balance sheets:
Current portion of debt															$	325.2					$	364.2
Debt, net of current portion															5,736.0						5,923.3

Schedule of availability under credit facilities

The following table presents availability under our credit facilities:

(in millions)			March 31, 2023
			Receivables facility						Revolving credit facility						Total
Capacity			$	352.8					$	515.0					$	867.8
Undrawn letters of credit outstanding			(13.7)						—						(13.7)
Outstanding borrowings			(287.3)						—						(287.3)
Unused availability			$	51.8					$	515.0					$	566.8

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

X

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration