Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Components of Debt Obligations

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

	September 30, 2023			December 31, 2022
EUR notes (in U.S. Dollars) under the 2021 Note Purchase Agreement due 2031	$	158.6		$	160.6
CHF notes (in U.S. Dollars) under the 2021 Note Purchase Agreement due 2031		327.8			325.1
CHF notes (in U.S. Dollars) under the 2019 Note Purchase Agreement due 2029		324.5			321.9
U.S. Dollar notes under the 2019 Term Loan Agreement annual payments of $15.0       and balloon payment due 2026		282.0			293.3
U.S. Dollar notes under the 2012 Note Purchase Agreement due 2024		100.0			100.0
Unamortized debt issuance costs		(1.4	)		(1.7	)
Other loans		8.0			5.9
Total notes and loans outstanding		1,199.5			1,205.1
Finance lease obligations		20.1			14.1
Total debt		1,219.6			1,219.2
Current portion of long-term debt and finance lease obligations		(121.0	)		(18.7	)
Total long-term debt, less current portion	$	1,098.6		$	1,200.5

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 September 30, 2023 (in millions):

	Weighted Average Interest Rate	Total Amount Committed by Lenders		Outstanding Borrowings		Outstanding Letters of Credit		Total Amount Available
2019 Credit Agreement	0.15%	$	600.0	$	—	$	0.4	$	599.6
Bank guarantees and working capital line	varies		143.7		—		143.7		—
Total revolving lines of credit		$	743.7	$	—	$	144.1	$	599.6