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Debt and Other Obligations (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt Arrangements

The company’s financing arrangements are as follows:

			September 30, 2022						December 31, 2021
			(In millions)
Current
Current portion of Term-Loan			$	3.0					$	3.0
Deferred debt issuance costs - Term-Loan			(0.7)						(0.8)
Other short-term debt and obligations			258.7						149.5
Current portion of long-term debt and other financial liabilities			261.0						151.7
Non-current
Term-Loan			586.5						636.0
Deferred debt issuance costs - Term Loan			(3.6)						(4.8)
BOC Term-loan			35.3						—
Long-term debt, net			618.2						631.2
Total			$	879.2					$	782.9

Schedule of Line of Credit Facilities

The ancillary facilities (under RCF commitments) and uncommitted lines of credit outstanding are as follows:

			September 30, 2022						December 31, 2021
			(In millions)
Total ancillary capacity - EUR			€	268.3					€	170.0
Total ancillary capacity - U.S. $			$	261.5					$	192.5
Ancillary credit facilities
OEC GmbH outstanding borrowings			$	139.6					$	103.0
OEC LLC outstanding borrowings			17.2						13.4
Uncommitted local lines of credit:
Korea (capacity $40.0 million)			10.1						30.8
Brazil (capacity $3.0 million)			3.0						2.3
Korea working capital loan			7.0						—
Repurchase agreement			33.1						—
RCF			48.7						—
Total of Other short-term debt and obligations			$	258.7					$	149.5

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- 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.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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