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Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Components of Debt Obligations | The Company’s debt obligations consist of the following (in millions):
|  | March 31, 2024 |  |  | December 31, 2023 |
CHF notes (in U.S. Dollars) under the 2024 Term Loan Agreement due 2027 |  | $ | — |  |  | $ | — |
CHF notes (in U.S. Dollars) under the 2024 Term Loan Agreement due 2029 |  |  | — |  |  |  | — |
CHF notes (in U.S. Dollars) under the 2024 Term Loan Agreement due 2031 |  |  | — |  |  |  | — |
CHF notes (in U.S. Dollars) under the 2024 Note Purchase Agreement due 2034 |  |  | — |  |  |  | — |
CHF notes (in U.S. Dollars) under the 2024 Note Purchase Agreement due 2036 |  |  | — |  |  |  | — |
CHF notes (in U.S. Dollars) under the 2024 Note Purchase Agreement due 2039 |  |  | — |  |  |  | — |
EUR notes (in U.S. Dollars) under the 2021 Note Purchase Agreement due 2031 |  |  | 161.8 |  |  |  | 165.8 |
CHF notes (in U.S. Dollars) under the 2019 Note Purchase Agreement due 2029 |  |  | 329.3 |  |  |  | 353.3 |
CHF notes (in U.S. Dollars) under the 2021 Note Purchase Agreement due 2031 |  |  | 332.6 |  |  |  | 356.9 |
CHF revolving loan (in U.S. Dollars) under the 2024 Revolving Credit Agreement |  |  | 255.0 |  |  |  | — |
U.S. Dollar notes under the 2019 Term Loan Agreement annual payments of $15.0 and balloon payment due 2026 |  |  | 274.5 |  |  |  | 278.3 |
U.S. Dollar notes under the 2012 Note Purchase Agreement due 2024 |  |  | — |  |  |  | 100.0 |
Unamortized debt issuance costs |  |  | (1.3 | ) |  |  | (1.3 | )
Other loans |  |  | 7.2 |  |  |  | 7.6 |
Total notes and loans outstanding |  |  | 1,359.1 |  |  |  | 1,260.6 |
Finance lease obligations |  |  | 19.4 |  |  |  | 20.9 |
Total debt |  |  | 1,378.5 |  |  |  | 1,281.5 |
Current portion of long-term debt and finance lease obligations |  |  | (21.2 | ) |  |  | (121.2 | )
Total long-term debt, less current portion |  | $ | 1,357.3 |  |  | $ | 1,160.3 |
Summary of Maximum Commitments and Net Amounts Available Under the 2024 Credit Agreement and Other Lines of Credit | The following is a summary of the maximum commitments and the net amounts available to the Company under the 2024 Revolving Credit Agreement and other lines of credit with various financial institutions located primarily in Germany and Switzerland that are unsecured and typically due upon demand with interest payable monthly, at March 31, 2024 (in millions):
|  | Weighted Average Interest Rate |  | Total Amount Committed by Lenders |  |  | Outstanding Borrowings |  |  | Outstanding Letters of Credit |  |  | Total Amount Available |
2024 Amended and Restated Credit Agreement |  | 0.89% |  | $ | 900.0 |  |  | $ | 255.0 |  |  | $ | 0.3 |  |  | $ | 644.7 |
Bank guarantees and working capital line |  | varies |  |  | 150.1 |  |  |  | — |  |  |  | 150.1 |  |  |  | — |
Total revolving lines of credit |  |  |  | $ | 1,050.1 |  |  | $ | 255.0 |  |  | $ | 150.4 |  |  | $ | 644.7 |

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