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Debt, Interest Income, Expense, and Other Finance Costs (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Debt
Our outstanding debt consists of the following (in millions):
September 30, 2023December 31, 2022
Credit Facility$— $339.0 
Term loan479.4 488.4 
Notes (1)
337.9 — 
Finance leases16.0 15.4 
Other (2)
41.9 2.9 
Total debt875.3 845.7 
Less: Current maturities of long-term debt and finance leases (2)
63.0 15.8 
Long-term debt$812.3 $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 September 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 $12.1 million. As of September 30, 2023, the fair value of the Convertible Notes is estimated to be approximately $346.0 million using the Level 2 observable input of quoted market prices in an inactive market on the last business day of the period.
(2)Includes secured borrowings of $39.1 million (EUR 37.0 million) as of September 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 September 30,For the Nine Months Ended September 30,
2023202220232022
Interest income$3.0 $0.8 $7.0 $4.6 
Interest expense and other financing costs(31.6)(34.7)(102.3)(79.4)
Interest expense and other financing costs, net$(28.6)$(34.0)$(95.4)$(74.8)