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Long-Term Debt And Short-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Notes Payable and Long-Term Debt

Notes payable and long-term debt, listed in order of the priority of security interests in assets of the Company, consisted of the following as of September 30, 2020 and December 31, 2019:

(in millions)			September 30, 2020						December 31, 2019
Euro Senior Secured Term Loan A, due May 2024 (floating interest rate of 2.00% at September 30, 2020 and 1.50% at December 31, 2019)			$	278.2					$	275.9
USD Senior Secured Term Loan A, due May 2024 (floating interest rate of 3.00% at September 30, 2020 and 3.44% at December 31, 2019)			93.8						97.5
Australian Dollar Senior Secured Term Loan A, due May 2024 (floating interest rate of 2.14% at September 30, 2020 and 2.45% at December 31, 2019)			40.8						41.6
U.S. Dollar Senior Secured Revolving Credit Facility, due May 2024 (floating interest rate of 3.18% at September 30, 2020 and 3.26% at December 31, 2019)			100.2						8.2
Australian Dollar Senior Secured Revolving Credit Facility, due May 2024 (floating interest rate of 2.13% at September 30, 2020 and 2.44% at December 31, 2019)			23.5						14.0
Senior Unsecured Notes, due December 2024 (fixed interest rate of 5.25%)			375.0						375.0
Other borrowings			5.8						3.8
Total debt			917.3						816.0
Less:
Current portion			35.8						33.2
Debt issuance costs, unamortized			5.2						5.6
Long-term debt, net			$	876.3					$	777.2

Schedule of Applicable Rate and Undrawn Fee Based on the Company's Consolidated Leverage Ratio [Table Text Block]

amend the pricing based on the Company’s consolidated leverage ratio, with a scaled increase in fees as follows, effective May 1, 2020:

Leverage Ratio						Applicable Rate						Undrawn Fee
> 4.25 to 1.00						2.75%						0.500%
≤ 4.25 to 1.00 and > 4.00 to 1.00						2.50%						0.500%
≤ 4.00 to 1.00 and > 3.50 to 1.00						2.25%						0.375%
≤ 3.50 to 1.00 and > 3.25 to 1.00						2.00%						0.375%
≤ 3.25 to 1.00 and > 3.00 to 1.00						1.75%						0.300%
≤ 3.00 to 1.00 and > 2.00 to 1.00						1.50%						0.250%
≤ 2.00 to 1.00						1.25%						0.200%

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Schedule of Applicable Rate and Undrawn Fee Based on the Company's Consolidated Leverage Ratio

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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