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DEBT (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of debt and finance lease obligations
The Company’s debt obligations consisted of the following:
  (dollars in millions)
Maturity DateInterest RateDecember 31, 2022December 31, 2021
Term Loans (1)
2026
SOFR plus 2.00%
$1,104.5 $1,113.0 
Senior Notes - $800 million (2)
20283.875%790.8 789.4 
Other— 4.5 
Total debt1,895.3 1,906.9 
Less: current installments of long-term debt11.5 12.7 
Total long-term debt$1,883.8 $1,894.2 
(1) Term loans, net of unamortized discounts and debt issuance costs of $9.5 million and $12.6 million at December 31, 2022 and 2021, respectively. The effective interest rate was 1.6% and 2.1% at December 31, 2022 and 2021, respectively, including the effects of interest
rate swaps and net investment hedges. See Note 12, Financial Instruments, to the Consolidated Financial Statements for further information regarding the Company's interest rate swaps and net investment hedges.
(2) Senior notes, net of unamortized debt issuance costs of $9.2 million and $10.6 million at December 31, 2022 and 2021, respectively. The effective interest rate was 4.1% at both December 31, 2022 and 2021.
Schedule of maturities of long-term debt Minimum future principal payments on long-term debt were as follows:
  (dollars in millions)
2023$11.5 
202411.5 
202511.5 
20261,079.5 
2027— 
Thereafter800.0 
Total$1,914.0