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Debt, Interest Income, Expense, and Other Finance Costs (Tables)
 12 Months Ended
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,
20232022
Credit Facility$— $339.0 
Term Loan476.4 488.4 
Convertible Notes (1)
338.5 — 
Finance leases (2)
15.7 15.4 
Other(3)
57.3 2.9 
Total debt887.9 845.7 
Less: Current maturities of long-term debt and finance leases78.8 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 
202528.8 
202625.5 
2027406.0 
2028350.3 
Thereafter0.9 
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,
202320222021
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)