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Long-term Debt and Short-term Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Summary of 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 December 31, 2023 and 2022:
(in millions) |  | December 31, 2023 |  |  | December 31, 2022 |
Euro Senior Secured Term Loan A, due March 2026 (floating interest rate of 5.93% at December 31, 2023 and 3.90% at December 31, 2022) |  | $ | 218.2 |  |  | $ | 227.4 |
USD Senior Secured Term Loan A, due March 2026 (floating interest rate of 7.50% at December 31, 2023 and 6.40% at December 31, 2022) |  |  | 78.0 |  |  |  | 84.4 |
Australian Dollar Senior Secured Term Loan A, due March 2026 (floating interest rate of 6.42% at December 31, 2023 and 5.30% at December 31, 2022) |  |  | 32.5 |  |  |  | 34.9 |
U.S. Dollar Senior Secured Revolving Credit Facility, due March 2026 (floating interest rate of 7.40% at December 31, 2023 and 6.36% at December 31, 2022) |  |  | 7.3 |  |  |  | 58.6 |
Australian Dollar Senior Secured Revolving Credit Facility, due March 2026 (floating interest rate of 6.42% at December 31, 2023 and 5.18% at December 31, 2022) |  |  | 14.3 |  |  |  | 14.2 |
Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%) |  |  | 575.0 |  |  |  | 575.0 |
Other borrowings |  |  | 0.3 |  |  |  | 10.4 |
Total debt |  |  | 925.6 |  |  |  | 1,004.9 |
Less: |  |  |  |  |  |
Current portion |  |  | 36.7 |  |  |  | 60.0 |
Debt issuance costs, unamortized |  |  | 6.7 |  |  |  | 8.4 |
Long-term debt, net |  | $ | 882.2 |  |  | $ | 936.5 |
Schedule of Maximum Consolidated Leverage Ratio | the maximum Consolidated Leverage Ratio financial covenant from current levels for each of the five fiscal quarters beginning December 31, 2022, and ending December 31, 2023, as follows:
Quarter Ended |  | Maximum Consolidated Leverage Ratio
December 2022 |  | 4.50:1.00
March 2023 |  | 5.00:1.00
June 2023 |  | 5.00:1.00
September 2023 |  | 4.75:1.00
December 2023 |  | 4.25:1.00
Schedule of Applicable Rate and Undrawn Fee Based on Company's Consolidated Leverage Ratio | The current maturity of the Credit Agreement, as amended, is March 31, 2026 and the current pricing is as follows:
Consolidated Leverage Ratio |  | Applicable Rate on Euro/AUD/CDN Dollar Loans |  | Applicable Rate on Base Rate Loans |  | Undrawn Fee
> 4.50 to 1.00 |  | 2.50 % |  | 1.50 % |  | 0.500 %
≤ 4.50 to 1.00 and > 4.00 to 1.00 |  | 2.25 % |  | 1.25 % |  | 0.375 %
≤ 4.00 to 1.00 and > 3.50 to 1.00 |  | 2.00 % |  | 1.00 % |  | 0.350 %
≤ 3.50 to 1.00 and > 3.00 to 1.00 |  | 1.75 % |  | 0.75 % |  | 0.300 %
≤ 3.00 to 1.00 and > 2.00 to 1.00 |  | 1.50 % |  | 0.50 % |  | 0.250 %
≤ 2.00 to 1.00 |  | 1.25 % |  | 0.25 % |  | 0.200 %

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