INDEBTEDNESS (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Summary of Long-term Debt

The following table summarizes the Company’s long-term debt as of the dates presented (in millions):

	March 31, 2021		December 31, 2020
Revolving credit facility	$	41.0	$	61.0
U.S. term loans	193.3		196.2
Multi-currency term loans	52.7		56.0
Total long-term debt	287.0		313.2
Less: Current maturities of long-term debt	14.5		14.6
Less: Unamortized debt issuance costs	3.2		3.4
Long-term debt, net	$	269.3	$	295.2

Schedule of Revolving Credit Facility

The commitments and available borrowing capacity under the revolving credit facility (the “Revolver”) were as follows as of the dates presented (in millions):

	Commitments		Outstanding Borrowings		Letters of Credit Outstanding		Borrowing Capacity (1)
March 31, 2021	$	400.0	$	41.0	$	5.1	$	353.9
December 31, 2020	$	400.0	$	61.0	$	5.1	$	333.9

(1) The Company's actual borrowing availability under the Revolver as of March 31, 2021 is constrained by certain financial covenants.