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Debt and Other Obligations (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt Arrangements

Debt and other obligations are as follows:

			September 30, 2023						December 31, 2022
			(In millions)
Current
Current portion of Term-Loan			$	3.0					$	3.0
Deferred debt issuance costs - Term-Loan			(0.6)						(0.7)
Other short-term debt and obligations			146.7						256.0
Current portion of long-term debt and other financial liabilities			149.1						258.3
Non-current
Term-Loan			608.8						613.2
Deferred debt issuance costs - Term-Loan			(3.1)						(3.7)
China Term-Loan			57.1						47.5
Long-term debt, net			662.8						657.0
Total			$	811.9					$	915.3

Schedule of Other Short-Term Debt and Obligations

Other short-term debt and obligations are as follows:

			September 30, 2023						December 31, 2022
			(In millions)
Revolving credit facility			$	—					$	53.3
Ancillary credit facilities
OEC GmbH outstanding borrowings			130.4						148.7
OEC LLC outstanding borrowings			—						5.4
Uncommitted local lines of credit:
Korea (capacity $39.0 million)			2.0						—
Brazil (capacity $3.2 million)			—						2.9
China working capital			4.1						1.5
Korea working capital loan			10.2						7.9
Repurchase agreement			—						36.3
Total of Other short-term debt and obligations			$	146.7					$	256.0
Supplemental information:
Total ancillary capacity - EUR			€	268.3					€	268.3
Total ancillary capacity - U.S. $			$	284.2					$	286.1

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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
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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