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Long-Term Debt and Short-Term Borrowings (Tables)
 6 Months Ended
Jun. 30, 2021
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 June 30, 2021 and December 31, 2020:
(in millions)June 30,
2021		December 31,
2020
Euro Senior Secured Term Loan A, due March 2026 (floating interest rate of 2.25% at June 30, 2021)
$274.6 $— 
Euro Senior Secured Term Loan A, due May 2024 (floating interest rate of 2.50% at December 31, 2020)
— 287.4 
USD Senior Secured Term Loan A, due March 2026 (floating interest rate of 2.40% at June 30, 2021)
91.3 — 
USD Senior Secured Term Loan A, due May 2024 (floating interest rate of 3.50% at December 31, 2020)
— 92.5 
Australian Dollar Senior Secured Term Loan A, due March 2026 (floating interest rate of 2.31% at June 30, 2021)
41.9 — 
Australian Dollar Senior Secured Term Loan A, due May 2024 (floating interest rate of 2.57% at December 31, 2020)
— 43.4 
U.S. Dollar Senior Secured Revolving Credit Facility, due March 2026 (floating interest rate of 2.40% at June 30, 2021)
224.8 — 
U.S. Dollar Senior Secured Revolving Credit Facility, due May 2024 (floating interest rate of 3.50% at December 31, 2020)
— 307.2 
Australian Dollar Senior Secured Revolving Credit Facility, due March 2026 (floating interest rate of 2.31% at June 30, 2021)
31.5 — 
Australian Dollar Senior Secured Revolving Credit Facility, due May 2024 (floating interest rate of 2.57% at December 31, 2020)
— 25.4 
Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%)
575.0 — 
Senior Unsecured Notes, due December 2024 (fixed interest rate of 5.25%)
— 375.0 
Other borrowings8.2 5.7 
Total debt1,247.3 1,136.6 
Less:
 Current portion43.6 76.5 
 Debt issuance costs, unamortized10.4 5.5 
Long-term debt, net$1,193.3 $1,054.6 
Schedule of Maximum Consolidated Leverage Ratio further amend the maximum Consolidated Leverage Ratio financial covenant for each of the six fiscal quarters beginning March 31, 2021 and ending June 30, 2022, as follows:
Quarter EndedMaximum Consolidated Leverage Ratio
March 2021
5.25:1.00
June 2021
5.25:1.00
September 2021
4.75:1.00
December 2021
4.25:1.00
March 2022
4.25:1.00
June 2022
4.25:1.00
September 2022 and thereafter
3.75:1.00
Schedule of Consolidated Leverage Ratio under Amended Credit Agreement reflect more favorable pricing at higher Consolidated Leverage Ratio levels along with lower fees on undrawn amounts, as follows:
Consolidated Leverage RatioApplicable Rate on Euro/AUD/CDN Dollar LoansApplicable Rate on Base Rate LoansUndrawn Fee
> 4.50 to 1.002.50%1.50%0.500%
≤ 4.50 to 1.00 and > 4.00 to 1.002.25%1.25%0.375%
≤ 4.00 to 1.00 and > 3.50 to 1.002.00%1.00%0.350%
≤ 3.50 to 1.00 and > 3.00 to 1.001.75%0.75%0.300%
≤ 3.00 to 1.00 and > 2.00 to 1.001.50%0.50%0.250%
≤ 2.00 to 1.001.25%0.25%0.200%