XML 42 R26.htm IDEA: XBRL DOCUMENT v3.23.2
Debt, Interest Income, Expense, and Other Finance Costs (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Debt
Our outstanding debt consists of the following (in millions):
June 30, 2023December 31, 2022
Credit Facility$— $339.0 
Term loan479.3 488.4 
Notes (1)
337.5 — 
Finance leases17.8 15.4 
Other (2)
43.3 2.9 
Total debt877.8 845.7 
Less: Current maturities of long-term debt and finance leases (2)
61.6 15.8 
Long-term debt$816.2 $829.9 
(1)The conversion feature discussed above did not require separate accounting. As a result a liability was recognized for the aggregate principal net of issuance costs. As of June 30, 2023 the net carrying amount of the Convertible Notes includes the aggregate principal amount of $350.0 million, net of unamortized debt issuance costs of $12.5 million. As the transaction closed on June 26, 2023, the carrying value of the Convertible Notes as of June 30, 2023 is a close approximation of its fair value.
(2)Includes secured borrowings of $40.3 million (EUR 37.0 million) as of June 30, 2023 for the transfer of tax receivables.
Schedule of Interest Expense and Other Financing Costs, Net
The following table provides additional information about our Interest income (expense), and other financing costs, net (in millions):
For the Three Months Ended June 30,For the Six Months Ended June 30,
2023202220232022
Interest income$2.4 $1.3 $4.0 $3.8 
Interest expense and other financing costs(34.9)(27.8)(70.7)(44.6)
Interest expense and other financing costs, net$(32.5)$(26.5)$(66.8)$(40.9)