XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.24.2

Debt, Interest Income, Expense, and Other Finance Costs (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | Our outstanding debt consists of the following (in millions):
|  | June 30, 2024 |  | December 31, 2023
Credit Facility (1) |  | $ | — |  |  | $ | — |
Term loan (1) |  | 467.3 |  |  | 476.4 |
Convertible Notes (2) |  | 339.7 |  |  | 338.5 |
Finance leases |  | 15.8 |  |  | 15.7 |
Other (3) |  | 56.4 |  |  | 57.3 |
Total debt |  | 879.2 |  |  | 887.9 |
Less: Current maturities of long-term debt and finance leases |  | 81.4 |  |  | 78.8 |
Long-term debt |  | $ | 797.8 |  |  | $ | 809.1 |
(1)The Fourth Amended and Restated Credit Agreement matures in April 2027 and provides for a term loan as well as a revolving credit facility of up to $1.5 billion (the "Credit Facility"). (2)Our 3.250% Convertible Senior Notes due 2028 (the "Convertible Notes") were issued in June 2023 and mature on July 1, 2028, unless earlier converted, redeemed or repurchased. As of June 30, 2024 the net carrying amount of the Convertible Notes includes the aggregate principal amount of $350.0 million, net of unamortized debt issuance costs. As of June 30, 2024, the fair value of the Convertible Notes is estimated to be approximately $378.8 million using the Level 2 observable input of quoted market prices in an inactive market. (3)Includes secured borrowings for the transfer of tax receivables of $52.0 million (EUR 48.5 million) and $53.6 million (EUR 48.5 million) as of June 30, 2024 and December 31, 2023, respectively.
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,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Interest income |  | $ | 1.7 |  |  | $ | 2.4 |  |  | $ | 3.7 |  |  | $ | 4.0 |
Interest expense and other financing costs |  | (29.2) |  |  | (34.9) |  |  | (60.0) |  |  | (70.7) |
Interest expense and other financing costs, net |  | $ | (27.5) |  |  | $ | (32.5) |  |  | $ | (56.4) |  |  | $ | (66.8) |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration