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Debt, Interest Income, Expense, and Other Finance Costs | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Debt, Interest Income, Expense, and Other Finance Costs | 8. Debt, Interest Income, Expense, and Other Finance Costs Long-Term Debt Our outstanding debt consists of the following (in millions):
|  | September 30, 2025 |  | December 31, 2024
Credit Facility (1) |  | $ | — |  |  | $ | — |
Term loan (1) |  | 436.8 |  |  | 455.3 |
Convertible Notes (2) |  | 342.7 |  |  | 340.9 |
Finance leases |  | 12.9 |  |  | 29.9 |
Other (3) |  | 2.8 |  |  | 54.7 |
Total debt |  | 795.4 |  |  | 880.8 |
Less: Current maturities of long-term debt and finance leases |  | 28.8 |  |  | 84.0 |
Long-term debt |  | $ | 766.6 |  |  | $ | 796.8 |
(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 September 30, 2025 and December 31, 2024, the net carrying amount of the Convertible Notes includes the aggregate principal amount of $350.0 million, net of unamortized debt issuance costs of $7.3 million and $9.1 million, respectively. As of September 30, 2025 and December 31, 2024, the fair value of the Convertible Notes was estimated to be approximately $390.1 million and $395.7 million, respectively, 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 $50.3 million (EUR 48.5 million) as of December 31, 2024. Interest Income, Expense, and Other Financing Costs 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,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Interest income |  | $ | 2.5 |  |  | $ | 5.0 |  |  | $ | 8.8 |  |  | $ | 8.6 |
Interest expense and other financing costs |  | (28.4) |  |  | (29.0) |  |  | (83.2) |  |  | (89.0) |
Interest expense and other financing costs, net |  | $ | (25.9) |  |  | $ | (24.0) |  |  | $ | (74.4) |  |  | $ | (80.4) |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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