XML 98 R75.htm IDEA: XBRL DOCUMENT v3.25.0.1
Debt - Additional Information (Details)
XBA in Millions, $ in Millions
 12 Months Ended
Jun. 30, 2022
EUR (€)
May 27, 2022
USD ($)
Jun. 22, 2018
EUR (€)
Dec. 31, 2024
USD ($)
Dec. 31, 2024
EUR (€)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
EUR (€)
Sep. 11, 2022
Jun. 30, 2022
USD ($)
Jun. 30, 2022
XBA
Debt Instrument [Line Items]                    
Credit lines, remaining borrowing capacity       $ 266.1            
Net proceeds | € € 400,000,000   € 500,000,000              
Discounted issue price (as a percent)                 99.465% 99.465%
Effective interest rate (as a percent)                 3.514% 3.514%
Debt instrument credit agreement, description       The Credit Agreement contains customary restrictive covenants pertaining to our management and operations, including limitations on the amount of subsidiary debt that we may incur and limitations on our ability to pledge assets, as well as financial covenants requiring, among other things, that we comply with a leverage ratio (Net Debt-to-Net Earnings before interest and other expenses, provision for income taxes, intangible asset amortization expense, depreciation and amortization expense ("EBITDA")) of not greater than 3.5 to 1 and a fixed charge coverage ratio of not less than 1.5 to 1.            
2026       $ 517.6            
2027       411.8            
2028       0.0            
2029       0.0            
Notes Due June 2027                    
Debt Instrument [Line Items]                    
Principal amount         € 400,000,000   € 400,000,000   $ 400.0  
Interest rate (as a percent)                 3.50% 3.50%
Notes Due June 2027 | Instruments designated as net investment hedges | Euro-denominated notes                    
Debt Instrument [Line Items]                    
Principal amount       411.8 400,000,000          
Notes due June 2026                    
Debt Instrument [Line Items]                    
Principal amount | €     € 500,000,000   500,000,000   € 500,000,000      
Interest rate (as a percent)     1.75%              
Net proceeds | €     € 495,700,000              
Discounted issue price (as a percent)     99.564%              
Effective interest rate (as a percent)     1.809%              
Notes due June 2026 | Instruments designated as net investment hedges | Euro-denominated notes                    
Debt Instrument [Line Items]                    
Principal amount       516.6 500,000,000          
Notes due June 2018                    
Debt Instrument [Line Items]                    
Principal amount | €     € 350,000,000              
Notes due September 2022                    
Debt Instrument [Line Items]                    
Principal amount | XBA                   XBA 400.0
Interest rate (as a percent)               1.875%    
Notes due September 2022 | Instruments designated as net investment hedges | Euro-denominated notes                    
Debt Instrument [Line Items]                    
Principal amount | €         € 400,000,000          
Uncommitted credit lines                    
Debt Instrument [Line Items]                    
Credit lines, maximum borrowing capacity       290.5            
Credit lines, remaining borrowing capacity       266.1            
Uncommitted credit lines | First, second, and fourth quarters                    
Debt Instrument [Line Items]                    
Credit lines, maximum borrowing capacity       300.0            
Uncommitted credit lines | Third quarter                    
Debt Instrument [Line Items]                    
Credit lines, maximum borrowing capacity       600.0            
Five year credit agreement                    
Debt Instrument [Line Items]                    
Credit lines, maximum borrowing capacity       600.0            
Credit lines, remaining borrowing capacity       $ 599.6   $ 599.6        
Credit agreement term       5 years            
Outstanding letters of credit       $ 0.4   0.4        
Credit facility, expiration date       May 27, 2027            
Facility fee (as a percent)       10.00%            
Credit spread (as a percent)       102.50%            
Replace revolving credit facility   $ 600.0                
Maximum debt-to-EBITDA ratio       0.035            
Minimum fixed charge coverage ratio       0.015            
Stand-by letters of credit                    
Debt Instrument [Line Items]                    
Credit lines, maximum borrowing capacity       $ 150.0            
Outstanding letters of credit       $ 0.0   $ 0.0