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Debt, Interest Income, Expense, and Other Finance Costs (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt, Interest Income, Expense and Other Finance Costs [Abstract] |
Schedule of debt | Our outstanding debt consists of the following (in millions):
| As of December 31,
| 2023 |  | 2022
Credit Facility | $ | — |  |  | $ | 339.0 |
Term Loan | 476.4 |  |  | 488.4 |
Convertible Notes (1) | 338.5 |  |  | — |
Finance leases (2) | 15.7 |  |  | 15.4 |
Other(3) | 57.3 |  |  | 2.9 |
Total debt | 887.9 |  |  | 845.7 |
Less: Current maturities of long-term debt and finance leases | 78.8 |  |  | 15.8 |
Long-term debt | $ | 809.1 |  |  | $ | 829.9 |
(1)The Convertible Notes conversion feature did not require separate accounting. As a result, a liability was recognized for the aggregate principal, net of issuance costs. As of December 31, 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 $11.5 million. As of December 31, 2023, the fair value of the Convertible Notes is estimated to be approximately $354.1 million using the Level 2 observable input of quoted market prices in an inactive market. (2)See Note 13. Leases for additional information. (3)Includes secured borrowings of $53.6 million (EUR 48.5) as of December 31, 2023 for the transfer of tax receivables.
Schedule of aggregate annual maturities of debt | As of December 31, 2023, the aggregate annual maturities of debt are as follows (in millions):
Year Ended December 31,
2024 | $ | 76.5 |
2025 | 28.8 |
2026 | 25.5 |
2027 | 406.0 |
2028 | 350.3 |
Thereafter | 0.9 |
Total | $ | 887.9 |
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):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Interest income | $ | 7.8 |  |  | $ | 6.8 |  |  | $ | 7.0 |
Interest expense and other financing costs | (135.5) |  |  | (117.4) |  |  | (47.2) |
Interest expense and other financing costs, net | $ | (127.7) |  |  | $ | (110.6) |  |  | $ | (40.2) |

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- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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