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Financing Arrangements (Tables) | 12 Months Ended
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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 |

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