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Long-term Debt and Short-term Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024 and 2023:
(in millions) |  | December 31, 2024 |  |  | December 31, 2023 |
Euro Senior Secured Term Loan A, due October 2029 (floating interest rate of 4.68% at December 31, 2024 and 5.93% at December 31, 2023) |  | $ | 127.9 |  |  | $ | 218.2 |
USD Senior Secured Term Loan A (floating interest rate of 7.50% at December 31, 2023) |  |  | — |  |  |  | 78.0 |
Australian Dollar Senior Secured Term Loan A (floating interest rate of 6.42% at December 31, 2023) |  |  | — |  |  |  | 32.5 |
Euro Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 4.68% at December 31, 2024) |  |  | 59.1 |  |  |  | — |
U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.47% at December 31, 2024 and 7.40% at December 31, 2023) |  |  | 34.4 |  |  |  | 7.3 |
Australian Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.44% at December 31, 2024 and 6.42% at December 31, 2023) |  |  | 32.8 |  |  |  | 14.3 |
Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%) |  |  | 575.0 |  |  |  | 575.0 |
Other borrowings |  |  | 10.5 |  |  |  | 0.3 |
Total debt |  |  | 839.7 |  |  |  | 925.6 |
Less: |  |  |  |  |  |
Current portion |  |  | 51.3 |  |  |  | 36.7 |
Debt issuance costs, unamortized |  |  | 5.1 |  |  |  | 6.7 |
Long-term debt, net |  | $ | 783.3 |  |  | $ | 882.2 |
Schedule of Applicable Rate and Undrawn Fee Based on Company's Consolidated Leverage Ratio | The current pricing for borrowings under the Credit Agreement is as follows:
Consolidated Leverage Ratio |  | Applicable Rate on Euro/AUD/CDN Dollar Loans |  | Applicable Rate on Base Rate Loans |  | Undrawn Fee
> 4.25 |  | 2.25 % |  | 1.25 % |  | 0.375 %
> 3.5 |  | 2.00 % |  | 1.00 % |  | 0.350 %
> 2.5 |  | 1.75 % |  | 0.75 % |  | 0.300 %
≤ 2.5 |  | 1.50 % |  | 0.50 % |  | 0.250 %

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