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Debt and Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Total Debt Outstanding

Our total debt outstanding consisted of the amounts set forth in the following table:

												December 31,
(In millions)						Interest rate						2025						2024
Short-term borrowings(1)												$	99.6					$	140.5
Current portion of long-term debt(2)												625.2						64.6
Total current debt												724.8						205.1
Term Loan A due March 2027												—						685.2
Term Loan A due October 2030(5)												371.6						—
Senior Secured Notes due October 2026						1.573		%				—						598.1
Senior Notes due December 2027						4.000		%				423.7						423.1
Senior Notes due February 2028						6.125		%				769.4						767.0
Senior Notes due April 2029						5.000		%				422.8						422.3
Senior Notes due February 2031						7.250		%				421.8						421.3
Senior Notes due July 2032						6.500		%				396.6						396.2
Senior Notes due July 2033						6.875		%				447.2						446.9
Other(2)												31.8						38.7
Total long-term debt, less current portion(3)												3,284.9						4,198.8
Total debt(4)												$	4,009.7					$	4,403.9

(1)Short-term borrowings of $99.6 million at December 31, 2025, were comprised of $93.7 million under our European securitization program and $5.9 million of short-term borrowings from various lines of credit. Short-term borrowings of $140.5 million at December 31, 2024, were comprised of $83.0 million under our European securitization program,

$50.0 million under our U.S. securitization program, and $7.5 million of short-term borrowings from various lines of credit.

(2)As of December 31, 2025, Current portion of long-term debt included the Senior Secured Notes due October 2026 of $600 million and finance lease liabilities of $6.9 million. As of December 31, 2024, Current portion of long-term debt included finance lease liability of $6.6 million. Other debt includes $12.0 million and $12.9 million of long-term liabilities associated with our finance leases as of December 31, 2025 and 2024, respectively. See Note 4, “Leases,” for additional information on finance lease liabilities.

(3)Amounts are shown net of unamortized discounts and issuance costs of $22.3 million and $31.5 million as of December 31, 2025 and 2024, respectively.

(4)As of December 31, 2025, our weighted average interest rate on our short-term borrowings outstanding was 3.3% and on our long-term debt outstanding was 5.2%. As of December 31, 2024, our weighted average interest rate on our short-term borrowings outstanding was 4.5% and on our long-term debt outstanding was 5.4%.

(5)On October 31, 2025, the Company and certain of its subsidiaries entered into a Credit Agreement with Bank of America, N.A., as agent, and the other financial institutions party thereto, which amends and restates terms, including the maturity of all of the credit facilities under the Credit Agreement to October 2030.

Scheduled of Annual Maturities for Next Five Years and Thereafter

The following table summarizes the scheduled annual maturities for the next five years and thereafter of our long-term debt, including the current portion of long-term debt and finance leases. This schedule represents the principal amount outstanding, and therefore excludes debt discounts, the effect of present value discounting for finance lease obligations, interest rate swaps, and lender and finance fees:

Year						Amount (In millions)
2026						$	626.4
2027						445.9
2028						791.3
2029						452.1
2030						339.9
Thereafter						1,281.8
Total						$	3,937.4

Schedule of Available Lines of Credit

The following table summarizes our available lines of credit and committed and uncommitted lines of credit, including our revolving credit facility, and the amounts available under our accounts receivable securitization programs:

						December 31,
(In millions)						2025						2024
Used lines of credit(1)						$	149.6					$	140.5
Unused lines of credit(2)						1,197.0						1,141.4
Total available lines of credit(3)						$	1,346.6					$	1,281.9

(1)Includes total borrowings under the accounts receivable securitization programs and lines of credit available to several subsidiaries.

(2)Mainly comprised of our available line of credit under the revolving credit facility.

(3)Of the total available lines of credit, $1,199.0 million was committed as of December 31, 2025.

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