XML 57 R43.htm IDEA: XBRL DOCUMENT
v3.22.4

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Total Debt | Total debt, net of debt issuance costs, is summarized in the following table (in millions):
| December 31,
| 2022 |  | 2021
Revolving facility - U.S. dollar borrowings | $ | 191.0 |  |  | $ | 393.0 |
Term loan A facility | 192.0 |  |  | 193.5 |
Term loan B facility | 344.8 |  |  | 348.2 |
Delayed draw term loan | 641.9 |  |  | — |
6.875% Senior unsecured notes due October 1, 2026, net of discount of $4.3 million and $5.2 million as of December 31, 2022 and 2021, respectively(1) | 339.0 |  |  | 344.8 |
French employee profit sharing | 3.0 |  |  | 4.1 |
German loan agreement | 10.7 |  |  | — |
Other | 0.9 |  |  | — |
Debt issuance costs | (29.4) |  |  | (16.1) |
Total debt | 1,693.9 |  |  | 1,267.5 |
Less: Current debt | (34.6) |  |  | (2.7) |
Long-term debt | $ | 1,659.3 |  |  | $ | 1,264.8 |
(1) Amount includes a $6.7 million decrease in fair value due to changes in benchmark interest rates related to the senior unsecured notes. Refer to Note 15. Derivatives for additional information on our interest rate swaps designated as a fair value hedge.
Schedule of Expected Maturities for the Company's Debt Obligations | The following is the expected maturities for the Company's debt obligations as of December 31, 2022 (in millions):
2023 | $ | 41.1 |
2024 | 41.2 |
2025 | 41.4 |
2026 | 380.3 |
2027 | 892.0 |
Thereafter | 327.3 |
Total | $ | 1,723.3 |
Schedule of Expected Future Amortization of the Company's Deferred Debt Issuance Costs | The following is the expected future amortization of the Company's deferred debt issuance costs as of December 31, 2022 (in millions):
2023 | $ | 6.4 |
2024 | 6.4 |
2025 | 6.4 |
2026 | 6.4 |
2027 | 3.2 |
Thereafter | 0.6 |
Total | $ | 29.4 |

X
- Definition Schedule of Amortization of Debt Issuance Costs [Table Text Block] + References No definition available. + Details
Name: | matv_ScheduleofAmortizationofDebtIssuanceCostsTableTextBlock
Namespace Prefix: | matv_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration