Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt

Components of debt obligations

The Company’s debt obligations consist of the following (in millions):

	March 31, 2022			December 31, 2021
EUR notes (in U.S. dollars) under the 2021 Note Purchase Agreement	$	166.3		$	170.7
CHF notes (in U.S. dollars) under the 2021 Note Purchase Agreement		325.4			329.2
CHF notes (in U.S. dollars) under the 2019 Note Purchase Agreement		322.2			325.9
U.S. Dollar notes under the 2019 Term Loan		298.5			299.2
U.S. Dollar notes under the 2012 Note Purchase Agreement		100.0			205.0
Unamortized debt issuance costs		(1.9	)		(2.0	)
Other loans		1.8			1.9
Total notes and loans outstanding		1,212.3			1,329.9
Finance lease obligations		4.1			4.3
Total debt		1,216.4			1,334.2
Current portion of long-term debt		(11.0	)		(112.4	)
Total long-term debt, less current portion	$	1,205.4		$	1,221.8

Summary of maximum commitments and net amounts available under the 2019 Credit Agreement and other lines of credit

The following is a summary of the maximum commitments and the net amounts available to the Company under the 2019 Revolving Credit Agreement and other lines of credit with various financial institutions located primarily in Germany and Switzerland that are unsecured and typically due upon demand with interest payable monthly, at March 31, 2022 (in millions):

	Weighted Average Interest Rate			Total Amount Committed by Lenders		Outstanding Borrowings		Outstanding Letters of Credit		Total Amount Available
2019 Credit Agreement		1.3	%	$	600.0	$	—	$	0.1	$	599.9
Bank guarantees and working capital line	varies				110.3		—		110.3		—
Total revolving lines of credit				$	710.3	$	—	$	110.4	$	599.9